All articles by Cirium – Page 25
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsJetstar ups first-quarter domestic capacity
Jetstar expects to operate more domestic flights than ever in February and March, on the back of low fares and demand for domestic travel.
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NewsCathay Pacific appoints new chief financial officer
Hong Kong flag carrier Cathay Pacific’s chief financial officer Martin Murray is stepping down in January after more than nine years in the role.
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NewsSingapore to allow business travel with movement restrictions
Singapore will allow short-term business travel without quarantine, starting January, but with strict restrictions on travellers’ movements.
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NewsKorean Air, Asiana Airlines streamline check-in processes
Korean Air and Asiana Airlines are launching an inter-airline through check-in (IATCI) service from today.
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NewsRolls-Royce continues Trent XWB blade-wear tests
Rolls-Royce has completed inspections of high-cycle Trent XWB-84 engines for premature wear on intermediate-pressure compressor blades, but has yet to fully determine the cause.
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NewsPAL mulls court protection to aid with restructuring
Philippine Airlines’ (PAL) lessors are bracing for a potential court protection filing by the flag carrier as part of its restructuring amid the Covid-19 pandemic, according to sources close to the process.
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NewsManchester among five new Air Baltic routes next summer
Latvian carrier Air Baltic will launch five new routes from its Riga base in the summer season, beginning 28 March.
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NewsEU transport strategy targets ‘zero-emission aircraft by 2035’
A market-ready, zero-emission aircraft by 2035, carbon-neutral scheduled collective transport for journeys under 500km by 2030, and possible quotas on low-carbon fuels are among the goals set by the European Commission in its Sustainable and Smart Mobility Strategy.
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NewsPandemic pushes TUI to €3 billion full-year loss
European travel operator TUI Group has reported a full-year EBIT loss of €3 billion ($3.6 billion), but is confident that 2021 will be a “transition year” for tourism with pre-pandemic levels expected to return in 2022.
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NewsBA CityFlyer launches 11 routes from Southampton
British Airways regional subsidiary BA CityFlyer is launching a flurry of new summer season routes from the UK’s Southampton airport to leisure destinations across Europe.
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NewsBOC Aviation seeks to enforce UK court judgement on AirAsia X
BOC Aviation has taken action to enforce a UK court judgement for AirAsia X to pay it $23.4 million in relation to aircraft leases.
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NewsIATA presses governments to stimulate travel markets
IATA is urging governments to launch programmes that stimulate demand for air travel and help the aviation industry recover from the coronavirus crisis.
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NewsQatar Airways to launch Seattle service in March
Qatar Airways will add Seattle to its network in March, and has entered a frequent-flyer partnership with Alaska Airlines.
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NewsLiquidity still US carriers’ focus despite vaccine news
US airline executives’ attempts during their third-quarter earnings calls to shift the narrative from liquidity levels to visions of a cash-positive recovery had an air of wishful thinking. Such visions have since become slightly more grounded in reality: Pfizer and Moderna in November announced efficacy rates above 90% for their ...
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NewsRyanair’s competitors are ‘squatting on slots’: O’Leary
Ryanair Group chief executive Michael O’Leary believes that Europe’s legacy carriers will seek to undermine competition and push up fares by holding on to their unused slots into summer 2021 and even 2022. Speaking to air traffic manager Eurocontrol for its Aviation HardTalk webcast series, the outspoken airline chief warned ...
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NewsCargo recovery continues amid capacity crunch: IATA
Air freight demand continued its recovery in October, IATA figures show, as global cargo tonne-kilometres expanded 4.1% month on month. As a result, global demand as measured by CTKs was just 6.2% below the same month last year, after a 7.8% drop in September. Source: KLM Capacity, ...
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NewsGol makes second attempt to merge with Smiles loyalty programme
Brazilian low-cost carrier Gol has for the second time proposed merging its Smiles loyalty programme with the airline.
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Airline BusinessHow cargo revenue has offered a lifeline to carriers
The shortage of air freight capacity amid the coronavirus pandemic has offered opportunity for airlines, lessors, and cargo carriers to eke out some precious revenue. Half of global air freight in 2019 was carried in the bellies of passenger aircraft, so the grounding of thousands of aircraft this year depressed ...
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AnalysisHow the pandemic has reshaped the leasing business
During those buoyant years before Covid-19, executives from aircraft leasing companies would gather at industry conferences around Asia-Pacific and marvel at the unstoppable growth trajectory of aircraft deliveries in the region. Demand for aircraft seemed insatiable, based on OEM forecasts. Airlines’ appetite was plain to see, with ambitious budget carriers ...