Fleets – Page 129
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NewsCathay appears to switch more A350-1000s to -900s
Cathay Pacific appears to have converted a pair of Airbus A350-1000s to the smaller -900 variant, the Hong Kong-based carrier’s half-year accounts indicate. Airbus’s backlog figures to the end of July show Cathay had ordered 46 A350s, a mix of 26 A350-900s and 20 of the larger -1000s. It has ...
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NewsCathay not cancelling 777-9 orders, as it warns of bleak second half
Cathay Pacific has stressed that it is in discussions with Boeing about deferring — not cancelling — its orders for the 777-9 widebody. At a briefing after it disclosed record first half losses, Cathay chief operations and service delivery officer Greg Hughes says it is a “deferral of all 21 ...
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NewsAzul restructures lease payments to ease debt pressure
Brazilian carrier Azul has restructured its payment schedule with aircraft leasing firms which will including cutting operating lease outgoings by more than three-quarters over the last nine months of 2020. Its arrangements mean it will benefit from working capital relief amounting to R$3.2 billion ($595 million) by the end of ...
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NewsEVA Air hints at changes to 787 orderbook
EVA Air has entered negotiations with Boeing about its remaining 787-10 orders, hinting at a possible deferral or cancellation of some aircraft. The Star Alliance carrier says it is doing so “in response to changes in market demand and continuous optimisation of…network and fleet”, as a result of depressed travel ...
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NewsTUI adopts ‘partner-friendly’ airline strategy amid Condor speculation
TUI Group’s ambition to have fewer assets on its balance sheet means its airline operations will become more “partner-friendly”, according to the European travel giant’s chief executive. Speaking to German newspaper Borsen-Zeitung on 5 August, Fritz Joussen states that TUI’s need for capacity does not mean “that aircraft are on ...
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NewsEtihad starts network rebuild after ‘enormous challenges’ thwart early 2020 gains
Etihad’s strong start to 2020 was thwarted by the coronavirus pandemic as it now plots the reactivation of its network amid a further drive to reduce costs.
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NewsLufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus 11 Airbus ...
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NewsCroatia Airlines rejigs leases to cut costs
Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half. Over the second quarter the company made a loss of Kn62.7 million ($10 million), it states, despite ...
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Airline BusinessAirline coronavirus recovery tracker: August 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsAlliance Aviation picks E190s, says Fokker fleet ‘remains core’
Australia’s Alliance Aviation has signed for 14 Embraer E190s — in a move to “position us for the next phase of growth” — but has stressed that its fleet of Fokker aircraft will remain in service for the foreseeable future. The deal, valued at $79.4 million, sees Alliance entering ...
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NewsBA axes A318 premium service that took over Concorde flight number
British Airways is to axe its premium Airbus A318 transatlantic service from London City to New York JFK, as part of its re-organisation to deal with the air transport crisis. The operation had already been halved to a single aircraft, after BA transferred the other A318 used on the route ...
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NewsIAG impairs fleet after BA 747 and Iberia A340 retirements
IAG has taken a €729 million ($863 million) charge in conjunction with a broad fleet impairment covering 61 aircraft, including the withdrawal of British Airways’ Boeing 747-400 fleet and Iberia’s Airbus A340-600s. The exceptional charge deepened IAG’s already-dire operating loss for the first half to just over €4 billion, in ...
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NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
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NewsHawaiian delays Boeing 787 Dreamliner deliveries
Hawaiian Airlines says it will be delaying deliveries of its long-awaited Boeing 787 Dreamliners as the carrier contends with a difficult business environment perpetrated by the ongoing coronavirus pandemic.
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NewsRecovering Ryanair could have 40 737 Max jets by summer 2021
Budget carrier Ryanair hopes to introduce its first Boeing 737 Max this year and up to 40 of the type ahead of the 2021 summer season. But the airline warns that the financial year will be “very challenging” after it turned in a first-quarter net loss of €185 million ($217 ...
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Airline BusinessWhy SpiceJet may feel time is right for US and UK services
True long-haul flights would be a significant strategic change for the budget operator, and there are many challenges to overcome before services could start.
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NewsWizz Air chief predicts 100-aircraft Abu Dhabi operation
Wizz Air Abu Dhabi can mimic the fleet growth seen at the carrier’s European operation and reach 100 aircraft in 15 years’ time, according chief executive Jozsef Varadi.
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NewsMax return lag may continue to enhance value of 737-800s
Cash-needy airlines are relying more on efficient single-aisle aircraft to help them survive the coronavirus crisis, which is helping to maintain the value of aircraft such as the Boeing 737-800.
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NewsAmid pomp and ceremony, last Qantas 747 heads into retirement
Qantas’s last Boeing 747 has flown into retirement, ending a half-century career with the airline. The aircraft, a 17-year-old 747-400ER registered VH-OEJ, took off from Sydney at just before 15:30 local time, operating flight QF7474 towards Los Angeles to deliver a load of freight, before heading to its final resting ...
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NewsCathay delays Airbus deliveries, negotiates 777-9 deferrals
Cathay Pacific will defer delivery of its Airbus aircraft by up to two years, and is in “advanced negotiations” with Boeing about delaying the delivery of the 777-9 widebody, in a bid to “produce cash savings” in the short to medium term. The deferrals on Airbus aircraft, announced in a ...