All articles by Cirium – Page 3
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NewsWizz restores pre-pandemic pilot salaries
Wizz Air will reinstate pilots’ salaries to their pre-Covid levels from 1 October, and is launching a recruitment drive to bring in additional staff as it rebounds from the pandemic.
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NewsNok Air plans capital and debt restructuring to avoid delisting
Nok Air has outlined plans for a capital and debt restructuring alongside its ongoing business rehabilitation process to improve its financial health and avoid being delisted from the Stock Exchange of Thailand (SET).
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NewsComair recovery bolstered by capital inflows
South African carrier Comair has secured capital inflows of R270 million ($19 million) following the sale of its SLOW Lounge business to FirstRand Bank for R250 million and the receipt of a R20 million payment from South African Airways (SAA).
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NewsNok Air faces delisting risk without rehabilitation timeline
The Stock Exchange of Thailand (SET) has given Nok Air one month to set a timeline to implement its rehabilitation plan.
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NewsAJW establishes European MRO arm
UK parts specialist AJW Group has acquired battery repair provider Avia Components Services in an effort to establish in-house MRO capabilities in Europe.
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NewsKLM pulls US flights as Netherlands introduces quarantine rule
Travellers arriving in the Netherlands from the USA will be required to quarantine for 10 days from 4 September, regardless of their vaccination status.
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NewsGaruda queried about outstanding obligations by stock exchange
Garuda Indonesia has been queried by the Indonesia Stock Exchange (IDX) on its outstanding obligations to creditors.
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NewsEU travel rules stymying recovery: IATA
Free movement around Europe is being compromised by the failure of some EU member states to harmonise their Covid-19 entry requirements, holding back the travel industry’s recovery, IATA has warned.
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NewsPAL targets 3 September for Chapter 11 filing: sources
Philippine Airlines is hoping to make a filing for Chapter 11 bankruptcy on 3 September (New York time), Cirium understands.
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NewsSAS reports summer demand increase but warns of continued uncertainties
Scandinavian airline SAS sees “encouraging signs” of greater demand through the summer season but is warning that “significant challenges” remain as the spread of the Delta variant of Covid-19 delays its capacity ramp-up.
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NewsTAP Air Portugal reduces first half loss
TAP Air Portugal saw its first-half net loss narrow to €493 million ($584 million) from €582 million in the same period last year following a “ramp-up” in activity during the three months to 30 June.
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NewsMalaysia’s passenger traffic to decline 77-80% in 2021: MAVCOM
Malaysia’s air passenger traffic is expected to contract by 77-80% year-on-year, versus 23-29% predicted in April, before the country entered a three-month-long nationwide lockdown in June. This translates to 5.3-6.1 million passengers this year, the Malaysian Aviation Commission (MAVCOM) says in the latest edition of an industry outlook report published ...
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NewsSpring Airlines seeks approval for CNY3.5 billion private share placement
Spring Airlines has moved ahead with plans to raise CNY3.5 billion ($540 million) from a private placement of shares, and China’s securities regulator has accepted its application for the issuance.
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NewsCALC increases operating profit in first half of 2021
China Aircraft Leasing’s operating profit increased by more than a quarter in the first six months of this year, rising from HK$369 million ($47 million) to HK$469 million. Profit attributable to shareholders fell, however, from HK$332 million to HK303 million, an 8.7% decline, according to a 24 August filing to ...
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NewsRyanair to end Northern Ireland flights
Ryanair will no longer serve either of Belfast’s airports from October, citing the UK’s air passenger duty (APD) tax and a “lack of Covid recovery incentives” from the airports.
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NewsQantas transfers A380 from LA to Dresden
Qantas has taken an Airbus A380 out of storage in the USA and ferried it to Dresden in Germany.
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NewsGaruda to carry out $30 million early retirement scheme
Garuda will allocate $30 million to carry out the second phase of its early retirement scheme this year which covers 1,100 staff, in a bid to reduce costs amid its impending business restructuring.
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NewsBOC Aviation’s profit declines in first half of 2021
BOC Aviation reported a net profit of $254 million for the first six months of 2021, down from $323 million in the first half of last year.
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NewsAeroflot unveils first 777 with upgraded cabin
Aeroflot has completed the cabin refurbishment of its first aircraft under a programme for its Boeing 777-300ER fleet.
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NewsJet kerosene edges lower in line with crude
The price of jet fuel has continued to edge lower over the past month, as weaker crude oil prices have filtered through to the kerosene market.