All articles by Cirium – Page 30
-
NewsCebu Pacific and SIAEC dismantle maintenance joint ventures
Cebu Pacific Air (CEB) and SIA Engineering are unwinding their partnership in both their joint venture MRO companies based in the Philippines. These are Aviation Partnership (Philippines) Corporation (APPC), 51% owned by SIAEC and 49% by CEB, and SIA Engineering Philippines Corporation (SIAEP), 65% owned by SIAEC and 35% by ...
-
NewsNorwegian converts more debt into equity
Scandinavian budget carrier Norwegian has converted another SKr231 million ($26 million) of debt into equity by issuing 56.3 million new shares.
-
NewsEasyJet to make 418 crew in Germany redundant
EasyJet will almost halve its fleet in Berlin amid the Covid-19 pandemic.
-
NewsAir Baltic to operate 40 winter routes
Latvian carrier Air Baltic plans to maintain “essential connectivity” through the winter months, linking its Riga hub with 40 destinations.
-
NewsANA signs SAF deal with Neste as Japan sets new climate goals
All Nippon Airways has signed a deal to procure sustainable aviation fuel (SAF) from Finland’s Neste, with the first flights using the fuel to take off from Japan this month. It comes as Japan’s new prime minister Yoshihide Suga brings forward climate targets, pledging today to achieve a carbon-neutral society ...
-
NewsAirAsia Group secures loan for logistics pivot
Malaysia’s AirAsia Group has secured a MYR300 million ($72 million) loan from the Sabah Development Bank, mainly to enhance its logistics network within the state. “This loan is in line with AirAsia’s pivot into the digital business. The main purpose of the loan is to enhance logistics in Sabah by ...
-
NewsDenmark and Sweden up SAS stakes to 22% in recapitalisation
The Danish and Swedish governments have each agreed to increase their stakes in SAS to 21.8% under the Scandinavian carrier’s SKr14.25 billion ($1.62 billion) recapitalisation plan, which has now been finalised. SAS obtained approval from both governments in August for its revised recapitalisation plan, which was originally disclosed on 30 ...
-
NewsTravel-warning removals prompt airline returns to Canary Islands
European airlines are increasing capacity to the Canary islands after the UK and German governments lifted travel warnings for the Spanish archipelago
-
AnalysisDomestic travel green shoots in New Zealand, Australia
Air New Zealand is relaunching its mystery holiday packages, showing how domestic travel remains a key focus in the region while Covid-19 continues to decimate international travel. Domestic travel is virtually the only way airlines in the Asia-Pacific region can get passengers to board their aircraft these days. In both ...
-
NewsMalaysia Airports sues AirAsia X for MYR78.2 million in unpaid charges
Malaysia Airports Holdings (MAHB) is claiming against AirAsia X MYR78.2 million ($19 million) in unpaid aeronautical charges. The operator group’s wholly owned subsidiary Malaysia Airports (Sepang) has filed a writ of summons and statement of claim in the Kuala Lumpur High court on 22 October, it says in a same-day ...
-
NewsQantas eyes pivot to Asia destinations in Covid-19 recovery
Qantas is eyeing new international destinations and a larger share of Australia’s domestic market as it emerges from the Covid-19 crisis, company executives said today. The airline is keeping an eye on the potential for travel bubbles with parts of Asia, chairman Richard Goyder said at the flag carrier’s annual ...
-
NewsVirgin Australia board resigns en masse
Nine members of Virgin Australia’s board, including chairperson Elizabeth Bryan, have tendered or indicated their resignations, while the airline finalises a sale to Bain Capital. Bryan and five others – Trevor Bourne, Kenneth Dean, Allan Houston, Judith Swales, and Marvin Tan – have resigned as the company’s directors effective 20 ...
-
NewsLion Air tries new approach with lessors
Lion Air has approached its lessors with an alternative proposal for their leased aircraft on the back of their feedback on its requests for by-the-hour arrangements, according to sources and an email seen by Cirium. The Indonesian carrier is proposing a four-part plan, involving the partial payment of rentals over ...
-
NewsThai pitches simplified fleet and rental haircuts: sources
Thai Airways International has outlined a broad plan to its lessors that would involve reductions in both its total fleet size and the number of aircraft types it operates, plus haircuts for lessors, sources have revealed. The flag carrier’s chief financial officer presented the proposals during a 21 October virtual ...
-
NewsEmirates to serve Jordanian capital with A380
Emirates will next month deploy an Airbus A380 for some of its flights between Dubai and Amman as it boosts frequencies and capacity on the Middle Eastern route. The Jordanian capital will become the sixth city in Emirates’ network to be served with A380s, joining Cairo, Guangzhou, London Heathrow, Moscow ...
-
NewsLufthansa Cargo plans ‘extensive and dense’ winter operation
Lufthansa Cargo plans to operate an “extensive and dense” freighter network during the winter season as air freight demand has held up amid the pandemic.
-
NewsCondor to exit ‘protective shield’ in November
Condor has disclosed that its creditors have approved a plan for it to leave ‘protective shield’ proceedings at the end of November as a “healthy company”.
-
NewsGMF AeroAsia targets 10% revenue from gas turbines
GMF AeroAsia is looking outside its core aviation business and targets over 10% revenue to come from the industrial gas turbine engine (IGTE) sector. “In the midst of the Covid-19 pandemic which greatly affects the business climate of the aviation industry, the company needs to diversify its business and optimise ...
-
NewsIATA downgrades Africa and Middle East traffic forecasts
IATA has sharply lowered its 2020 guidance for air traffic in the Middle East and Africa, citing “weaker-than-expected recovery” in each region.
-
NewsSIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The amount was drawn down between 8 June and 13 October, and besides a one-time S$2 billion repayment of a bridge loan from DBS Bank, key components are S$1.6 billion ...