All Fleets articles
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NewsAerCap takes $2.7bn charge over aircraft and engines leased to Russia
Lessor AerCap has taken a pre-tax charge of $2.7 billion in write-offs and other impairments relating to the inability to retrieve 113 aircraft leased to Russian carriers. AerCap says it has recognised a “total loss” on assets that remain in Russia and Ukraine, and taken impairments on the assets it ...
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News
SMBC acquiring Goshawk to create lessor with over 700 aircraft
Japanese-owned SMBC Aviation Capital is to acquire fellow Irish-based lessor Goshawk Aviation under a transaction valued at $6.7 billion. It will create the second-largest lessor worldwide in terms of aircraft numbers, and the largest to be owned by Japanese interests. SMBC will take over Goshawk following an agreement with NWS ...
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News
Ryanair predicts summer capacity and peak fares will exceed pre-crisis levels
Budget carrier Ryanair is aiming to reach a fleet of 70 Boeing 737 Max 8-200s for the summer peak, up from the previous target of 65, as it seeks to deploy summer capacity 15% above the pre-crisis level of 2019. It is “cautiously optimistic” that the summer fare peak will ...
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News
Norwegian chief says rest of year is ‘cost game’ after Q1 disappointment
Scandinavian airline Norwegian is hoping to benefit from improved economies of scale during 2022 after a ‘disappointing’ first quarter of the year.
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News
Over half of Emirates A380s have returned to service
Middle Eastern carrier Emirates had returned more than half of its Airbus A380 fleet to service by the end of the financial year in March, having already restored full Boeing 777 operations. Passenger seat capacity for the company over 2021-22 was around 56% down on pre-crisis levels, according to the ...
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Newsletter
EasyJet and others act to ensure ‘operational resilience’
EasyJet’s announcement this week that it would be removing six seats from its Airbus A319 jets might seem counterintuitive for a low-cost carrier, but it reflects creative thinking as the sector tackles a troublesome staffing shortage.
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News
Cargojet turns to IAI for freighter conversion of 777-300ERs
Canadian operator Cargojet has signed for conversion of four Boeing 777-300ERs into freighters, through an agreement with Israel Aerospace Industries. The Israeli firm has been developing a freighter modification for the twinjet type, a programme initiated in co-operation with US lessor GECAS – since acquired by AerCap. Cargojet is taking ...
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News
DAE starts filing insurance claims after writing off unretrieved aircraft in Russia
Middle Eastern lessor Dubai Aerospace Enterprise has started filing a series of insurance claims over aircraft abandoned to Russian operators. The lessor has disclosed an asset write-off amounting to $576.5 million for the first quarter, as a result of seizure of aircraft by the Russian government in response to air ...
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News
IAG’s Vueling trims A321neo orders as Iberia takes more
Spanish budget carrier Vueling has trimmed another pair of Airbus A321neos from its single-aisle backlog. Vueling originally had 14 of the largest A320neo-family variant on order but has yet to take delivery of any. Over the past two months, Airbus’s backlog figures indicate, the airline has been removing A321neos orders ...
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In depth
Airline Business Covid-19 recovery tracker: May 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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News
Lufthansa orders 777-8Fs and brings in more 787s to offset 777-9 delay
Lufthansa Group is to acquire seven Boeing 777-8 freighters, as well as three 777Fs, while taking seven more 787s to offset capacity shortfall from delays to its 777-9 order. The German company’s supervisory board has approved the introduction of the additional twinjets. “By purchasing these state-of-the-art aircraft, we again underline ...
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News
Lufthansa reminds of A380 option amid strong demand and Boeing delays
Pent-up demand for air travel is “enormous” but the aviation industry faces a “major operational challenge” this summer as rising passenger numbers coincide with staff shortages at airports and other stakeholders, Lufthansa Group chief executive Carsten Spohr has warned.
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Analysis
Emirates at epicentre of airframer widebody woes
For Emirates Airline, being a key driver of new and existing widebody programmes has long been a double-edged sword, with recent issues at airframers leaving it particularly vulnerable to several unfavourable developments.
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News
Avolon records $300m impairment over unretrieved fleet in Russia
Irish-based lessor Avolon has recorded an impairment of over $300 million against aircraft still left with Russian operators, following the imposition of sanctions over the Ukraine conflict. Avolon had previously disclosed that 10 of its owned aircraft were still located in Russia. It says the $304 million impairment reduces the ...
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Interview
Icelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
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In depth
On first anniversary, Avelo embarks on Orlando expansion as CEO eyes more growth
Exactly one year after its launch, Avelo Airlines has embarked on major expansion, disclosing plans to establish a base at Orlando, add Wilmington (North Carolina) its network and launch several new routes.
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News
Airbus and Qatar Airways wrestle over right to resell rejected A350s
Among the legal jousts between Airbus and Qatar Airways arising from their court clash is an attempt by the airline to prevent the airframer from reselling A350s built for the carrier but individually cancelled after Qatar’s refusal to take delivery. Airbus has been cancelling A350s which had been completed and ...
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News
US FAA formally downgrades Russian oversight safety classification
US aviation regulators have downgraded the safety rating of Russia, declaring that the oversight authority is not complying with ICAO standards. The US FAA has formally classified Russia as a ‘Category 2’ state under its International Aviation Safety Assessment scheme. This downgrade prevents any expansion of airline services to the ...
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News
Air Lease set to write off $800m for Russian-operated aircraft
US lessor Air Lease is to write off more than $800 million in assets comprising aircraft still operated by Russian carriers that the company is unlikely to retrieve. The lessor had previously disclosed that 21 owned aircraft from its fleet were still in Russia, following the termination of leases in ...
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News
ITA prepares to put initial A350 into intercontinental service
Italian carrier ITA Airways is preparing to put its initial Airbus A350-900 into service on its network of American and Asian routes this summer. The first of the Rolls-Royce Trent XWB-powered twinjets has been undergoing preparatory test flights at Toulouse before entering operation. ITA states that the aircraft will join ...
