Latest stories – Page 68
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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 BusinessFormer airline chiefs on government role in airline survival and future shape of sector
Government interventions during the crisis are likely to play a role not just in airline abilities to withstand the coronavirus-prompted grounding but also in the shape of the consolidation to follow.
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Airline BusinessAirline traffic unlikely to return to pre-crisis levels before start of 2021
Airlines are unlikely to see a return to pre-crisis traffic levels before the start of 2021 at the earliest IATA expects - and even that projection assumes the coronavirus issues are largely tackled over the next three months.
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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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Airline BusinessThe decline and fall of India’s Jet Airways
Jet Airways has not flown in India’s skies for a year, but the epic story of India’s worst airline failure continues to resonate. Before its demise in early 2019 the Jet Airways fleet and route network was something to behold. On 30 October 2018, when the BSE Stock Exchange queried ...
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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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Airline BusinessTracking how European airlines have cut capacity during crisis
Over the course of the last week the further spread of aircraft groundings means the European airline scheduled passenger market is approaching a standstill amid national lock-downs and the closing of borders to international visitors.
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Airline BusinessHow Etihad aims to manage through coronavirus crisis grounding
Etihad Aviation Group chief executive Tony Douglas believes the business’s ongoing restructuring programme has given the Gulf carrier the agility to better manage its operation through the coronavirus crisis and to position it for when air travel markets reopen.
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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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Airline BusinessWizz warns full grounding a ‘distinct possibility’ as low-cost carriers pare back
Central European budget carrier Wizz Air has warned the grounding of its full fleet remains “a distinct possibility” as it has now reduced its operations to around 15% of its planned capacity.
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Airline BusinessWeek of 16 March in review: North American carriers reel from coronavirus fallout
The aviation and aerospace industry in North America experienced the most dramatic week since the days and weeks following the terrorist attacks of 11 September 2001.
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Airline BusinessWhich European carriers are suspending all flights because of coronavirus
European carriers have over the past week been announcing increasingly large cuts to their services, as country’s tighten their border controls. A number have called a halt to flights altogether for the coming weeks - or will just operate a few flights to accomodate returning nationals
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Airline BusinessAll tunnel, no light for Asia-Pacific airlines
The Asia-Pacific is seen as the engine of future aviation growth, but the coronavirus pandemic has brought its airline sector to its knees. Recent days have seen a collapse in air travel demand in the region. When news of coronavirus first emerged in Wuhan, China during January, comparisons were quickly ...
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Airline BusinessCoronavirus crisis to bring airline profits run to abrupt halt
While IATA stopped short of issuing any fresh forecasts for the year in its latest media briefing, the airline trade association left little doubt regarding the extent to which the coronavirus crisis will drive the industry’s unprecedented run of profits to an abrupt end.
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Airline BusinessHow coronavirus could impact airliner fleets across the globe
Worldwide fleet comprises over 25,000 aircraft, but what could effect be across regions?
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Airline BusinessEurope’s carriers lurch into full crisis-mode as capacity slashed
From the moment the World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus on 13 March stated that Europe was now the epicentre of the coronavirus pandemic, further drastic cuts to air travel in the region seemed an inevitability.
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Airline BusinessConsolidation and record profits give US carriers some coronavirus defence
Industry consolidation and years of profits have left US airlines more prepared than ever to weather the falloff in demand created by the coronavirus outbreak, say industry analysts.
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Airline BusinessHow the 737 Max grounding changed commercial aerospace
One year has passed since regulators grounded the Boeing 737 Max in the wake of the crash of Ethiopian Airlines flight 302, setting in motion events that transformed the aerospace industry.
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Airline BusinessEl Al chief Gonen Usishkin grapples with unique challenges
Speaking before the scale of the coronavirus impact became clear, El Al chief executive Gonen Usishkin explains how the Israeli flag carrier handles its unique operating environment
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Airline BusinessCoronavirus downturn raises questions about demand for new passenger jets
Aerospace analysts are now considering whether the coronavirus-induced airline industry downturn, should it persist, might lead airlines to defer aircraft deliveries or even cancel orders. While aircraft makers say their industry remains healthy, the downturn is also raising questions about potential fallout to Boeing’s 737 Max, an aircraft Boeing expects will be certificated by mid-year.