All Fleets articles – Page 9

  • Delta A321 640

    KKR to buy six Delta A321s in sale-leaseback deal


    Investment company KKR has signed an agreement to buy six Airbus A321s from Delta Air Lines, which it will lease back to the Atlanta-based carrier.

  • cebu a321neo

    Cebu Pacific reviews long-term fleet plans


    Cebu Air, the parent company of Cebu Pacific, is reviewing its long-term fleet plans, and has begun discussions with suppliers “to establish flexibility to adapt to current events”. In line with anticpated lower aircraft utilisation in future, the company will also defer previously planned aircraft capital expenditures, it said ...

  • Thai 777-300ER

    Amedeo agrees rental deferrals with Thai Airways


    Amedeo has agreed in principle to grant lease rental deferrals to beleaguered Thai Airways, though the lessor says the agreement has not yet been signed due to the Thai government setting up a special committee to handle a new business improvement plan for the airline. Amedeo Air Four Plus, ...

  • SIA 777-200ER

    Coronavirus puts paid to SIA’s last 777-200ERs


    Singapore Airlines has confirmed that it will accelerate the retirement of its remaining Boeing 777-200ERs owing to the impact of the coronavirus pandemic. The airline says that its last three examples were recently moved to Asia Pacific Aircraft Storage in Alice Springs, Australia. Original plans had called for the ...

  • SIA A330 1

    SIA coy on accelerated retirements amid pandemic hit


    Singapore Airlines will fully phase out the older aircraft types in its fleet - such as the Boeing 777-200ER and Airbus A330-300 - within a year, but declines to say whether the retirement of the widebodies has been accelrated by the coronavirus outbreak.

  • El Al 787

    El Al awaiting final 787 as it cancels 737 leases


    Israeli flag-carrier El Al has yet to take delivery of its final Boeing 787, while the airline shuffles its current fleet as part of efforts to reduce cash burn. The carrier’s rejig includes cancelling a lease for two more Boeing 737-800s, it has disclosed in a newly-released full-year financial ...

  • delta 777-200LR

    Delta to retire 777s, completing shift to A350s


    Delta Air Lines says it will be retiring its Boeing 777 fleet by the end of 2020 as the coronavirus pandemic continues to disrupt global travel, creating openings for airlines to permanently streamline their fleets and save money by shifting to more efficient aircraft.

  • blank aircraft Airbus A320

    Time to revive export credit financing: BOC Aviation chief


    Leading lessor believes government-backed financing in wake of the airline industry crisis created by the coronavirus pandemic.

  • Brussels Airlines

    ​Brussels Airlines to cut workforce by 25% and remove 16 aircraft


    Brussels Airlines is reducing the number of aircraft in its fleet by 30% and slashing its workforce by a quarter in response to the coronavirus crisis.

  • DAE-Firoz-c-BillyPix_c

    Leasing chiefs see crisis driving consolidation among aircraft lessors


    Leading aircraft lessor chiefs see the coronavirus crisis increasing the likelihood of consolidation among aircraft leasing companies.

  • Avianca 787

    Avianca to cut back fleet and close Peru division


    Latin American carrier Avianca is to shut down its Peruvian division, and cut back the fleet of other carriers, as part of the reshaping of the company being undertaken following its filing for Chapter 11 bankruptcy protection. Avianca Holdings sought protection on 10 May in a joint filing covering ...

  • Southwest 737 Max

    Southwest to generate $815m from selling, leasing back 20 737s


    Southwest Airlines has signed agreements to sell and lease back 20 Boeing 737s in a transaction expected to generate $815 million in proceeds for Southwest.

  • BA

    IAG scales back planned deliveries to 75 over next three years


    British Airways and Iberia parent IAG now expects to take delivery of 75 aircraft over the next three years as it reduces its fleet requirements in line with expectations that passenger demand will not return to pre-crisis levels before 2023. The new fleet plan marks a reduction of 68 ...

  • RobertMartin_VDB3332

    Lessors see no ‘one-size-fits-all’ solution to help airlines through crisis


    While aircraft lessors are agreeing to a number of rental deferral requests to help airline customers struggling through the coronavirus crisis, leasing executives stress there is no one-size-fits-all solution for airlines.

  • Vrgin747-c-CraigRussell_Shutterstock

    Virgin Atlantic to cut over 3,000 jobs and cull 747-400 fleet


    UK long-haul carrier Virgin Atlantic is to cut over 3,100 jobs and retire its Boeing 747-400s in an effort to address the financial pressure of the coronavirus crisis. The airline says it will “immediately suspend” the use of all seven of its 747-400s and is still intending to retire ...

  • AirAsia A321neo

    AirAsia to take no new aircraft this year


    The AirAsia Group is “relooking” its orders for Airbus aircraft, as it gears up for return to service across its various networks. The airline group also confirmed that it will not be taking delivery of any new aircraft for the rest of the year, and targets a fleet size ...

  • Southwest 737 Max grounded

    Southwest plans for recession after $900 million cash burn


    Southwest Airlines paired its 28 April disclosure of a first-quarter net loss of $94 million and a cash burn of $900 million in April with the announcement of additional liquidity enhancements, as it looks ahead to a near-term environment virtually devoid of travel demand. 

  • 737 Max Southwest Airlines

    Southwest delays deliveries of 59 737 Max to post-2021


    Southwest Airlines, among the world’s top Boeing 737 Max customers, has pushed back deliveries of 59 Max aircraft in response to the travel downturn caused by the coronavirus pandemic.

  • Departure gate at an airport

    For airlines, there has never been so much at stake


    The fast-moving nature of the coronavirus crisis has created a curious situation where talk of airlines being on the brink of collapse is happening alongside discussions of how operations might be restarted in the coming weeks.

  • Air cargo

    Air cargo capacity crunch to vanish as recession takes hold: IATA


    The current capacity shortage in the air cargo market is likely to be resolved – but not in the industry’s favour – as the global economic crisis depresses demand for such services, according to IATA. “The capacity crunch will, unfortunately, be a temporary problem,” states the airline association’s director ...