Fleets – Page 136
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NewsEl Al bailout request rejected by Israeli finance ministry
Israel’s finance ministry has rejected El Al’s request for state aid, prompting the airline to appeal directly to the country’s prime minister for help.
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NewsSAS details staff cuts and warns it may need more state aid
Scandinavian carrier SAS has temporarily laid off 11,000 employees and will make 120 positions in Sweden permanently redundant, and is warning that the state support it is set to receive “will not suffice” if the coronavirus crisis persists.
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Airline BusinessCORSIA’s airline CO2 baseline must exclude 2020 data: IATA
IATA has added to calls for ICAO to reconsider the baseline period being used for its CORSIA global carbon offsetting scheme for commercial aviation, in light of the coronavirus outbreak.
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NewsHSBC expects European airline consolidation amid Covid-19 crisis
The coronavirus crisis will speed up airline-industry consolidation across Europe as less profitable carriers fail or are taken over by leaner competitors, according to an analysis by HSBC. “We expect financially weak airlines that survive to be… significantly smaller as they exit the outbreak,” the bank writes in an update ...
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NewsIAI ships first cargo-converted 737-800s following certification
Approval adds second variant to existing -700 modification
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Airline BusinessWhy airline CEOs should think counter-intuitively during a crisis
Airline chief executives need to act swiftly during the coronavirus crisis, but should also remember that counter-intuitive actions might lead to better outcomes – particularly when it comes to short-term hits to the balance sheet. Those were among the key messages heard during the FlightGlobal webinar Airline chiefs on surviving ...
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NewsComair drops Star Air acquisition as challenges deepen
South African carrier Comair has agreed to call off its planned acquisition of aircraft leasing specialist Star Air Cargo and Star Air Maintenance as it battles mounting challenges.
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NewsAir Baltic service-resumption planning excludes Dash 8s and 737s
Latvian carrier Air Baltic will be an all-Airbus A220 operator when it resumes operations, having made the decision to remove its De Havilland Canada Dash 8s and Boeing 737s from service early as a result of the coronavirus crisis.
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Airline BusinessGrounded SpiceJet’s monthly lease bill may exceed $20m
Budget carrier SpiceJet, which has grounded its fleet amid a three-week lockdown in India, could face a monthly bill of over $20 million for 100 leased aircraft – most of which are in storage. Cirium fleets data shows that 13 of the aircraft are Boeing 737 Max jets, which have ...
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Airline BusinessUS carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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Airline BusinessLessors exposed to more than 800 near-term jet deliveries
The sector is committed to around 25% of the Airbus and Boeing deliveries due by end of 2021, according to Cirium fleets data
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NewsEasyJet founder threatens board over Airbus fleet expansion
UK budget carrier EasyJet’s founder, Stelios Haji-Ioannou, is threatening methodically to dismantle the company’s board if it fails to take action to reduce the airline’s commitment to additional Airbus jets. Haji-Ioannou, who has previously expressed concerns over the airline’s expansion, has laid out his attack plan in a strongly-worded communication ...
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NewsEasyJet parks entirety of fleet after completing rescue services
UK budget carrier EasyJet has opted to ground the remainder of its aircraft fleet, after completing hundreds of repatriation flights in the wake of the coronavirus outbreak. It has also reached an agreement to furlough cabin crew for a two-month period from 1 April, paying them through a UK government ...
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Airline BusinessTough decisions loom for fleets grounded due to coronavirus crisis
With aircraft piling up at Asia-Pacific airports amid the coronavirus crisis, airline engineering teams will play a key role in keeping grounded jets ready for the day when demand for air travel returns. Singapore Airlines, Cathay Pacific Airways, Qantas Airways, and Korean Air represent just a handful of carriers that ...
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Airline BusinessPotential glut of near-term deliveries exceeds 2,700 airliners
Cirium fleets data illustrates size of potential problem facing Airbus and Boeing through next two years
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NewsTigerair Australia grounded as parent Virgin cuts more capacity
Tigerair Australia has suspended all operations from 25 March, as part of deeper capacity cuts by its parent Virgin Australia. On its website, the low-cost carrier cited “expanded travel restrictions imposed by the federal and state governments and territories” as the reason behind its grounding. Virgin Australia says in a ...
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Airline BusinessIndiGo has most new aircraft at risk among Indian carriers
IndiGo has, among compatriot airlines, the highest number of new aircraft deliveries at risk as India began a three-week lockdown today.
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PodcastAirline Business podcast: Latest IATA impact assessment plus Asia-Pacific focus
Graham and Lewis talk through the latest figures and thoughts from IATA as airlines across the world ground their fleets in response to the coronavirus outbreak.
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Airline BusinessAirline coronavirus story could go from ‘Apocalypse Now’ to ‘The Big Short’
When IATA outled its latest estimates for the impact of coronavirus on the airline industry on 24 March, the urgency of the situation was front and centre of its messaging.
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NewsSIA grounds almost entire fleet in ‘greatest challenge’ ever
Singapore Airlines will slash schedules and ground almost all aircraft, as the coronavirus pandemic presents “the greatest challenge that the SIA Group has faced in its existence”. Due to the further tightening of border controls globally, SIA will cut 96% of scheduled capacity until end-April and ground 138 of 147 ...