Aviation Daily Roundup: Jan. 12

Industry Experts Release Runway Excursion Prevention Plan

Credit: FAA

An international team of aviation experts has produced a set of recommendations aimed at preventing runway excursions, an ongoing problem for the industry.

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New Lessor Vmo Aircraft Leasing Forms With $500M Fund

Credit: Matt Cardy / Getty Images

Private equity funders on Jan. 12 unveiled San Francisco-based Vmo Aircraft Leasing, a newly formed company to acquire and lease commercial aircraft worldwide, along with a $500 million endowment.

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Boeing Lands New Widebody Freighter Sales To Atlas, DHL

Credit: Boeing

Boeing secured agreements to sell new widebody freighters to Atlas Air and DHL Express, as strong air cargo demand continues to help offset weakness in commercial passenger aircraft sales.

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Daily Memo: U.S. Airports Are Caught In The Middle

Credit: Atlanta Airport

The $2 billion in emergency funding allocated to U.S. airports in the most recent COVID-19 pandemic relief package is a much-needed cash injection for an industry sector caught between the proverbial rock and a hard place.

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Stakeholders Warn New Restrictions Will Harm Latin American Recovery

Credit: Lima Airport / Facebook

IATA has joined other industry organizations in raising concerns over new travel restrictions issued by Latin American governments as new variants of the coronavirus emerge and continue to spread. 

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New Skytra Tool Paves Way For Airline-Revenue Hedging

Credit: Rob Finlayson

Airbus subsidiary Skytra has secured UK finance regulator approval for a data tool which will allow airlines to hedge revenue for the first time, in the same way they do for fuel and currency.

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Air Peace To Be Africa’s E195-E2 Launch Operator

Credit: Air Peace / Twitter

Nigerian carrier Air Peace will receive three initial Embraer E195-E2s in 2021, introducing the type to the African continent.

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IATA Doubtful Over Easter Season As Travel Restrictions Persist

Credit: Rob Finlayson

IATA believes the situation for airlines will become worse before it becomes better, as international travel restrictions persist and vaccine roll-out is only just beginning.

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Austrian Airlines Makes Progress Phasing Out Older Aircraft

Credit: Austrian Airlines

Austrian Airlines is phasing out the first of three aging Boeing 767-300ERs and confirmed its last De Havilland Dash 8-400 will end operations by March 31. 

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CAAC Begins 2021 With Ambitious Five-Year Plan For Chinese Aviation

Credit: Beijing Capital International Airport / Twitter

Despite the onset of the COVID-19 pandemic, China ended 2020 with 420 million passenger movements, making it the world’s second-largest aviation market for the 15th consecutive year. 

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Japan’s COVID-19 Surge Causes ANA, JAL To Reduce Flights

Credit: Rob Finlayson

Japan’s two major carriers are significantly cutting back their domestic schedule plans for January following a new spike in COVID-19 cases in the country.

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UK Tightens Up Restrictions With Testing Requirement For Arrivals

Credit: London Heathrow Airport

The UK has tightened up its COVID-19 travel restrictions, imposing the requirement of a negative test for the virus on all arrivals in addition to mandatory quarantines for those coming from states not on its “travel corridor” list.

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Turkish Airlines Passengers Cannot Wear Masks With Valves, CEO Says

Credit: Turkish Airlines / Twitter

Turkish Airlines’ CEO has said passengers must not wear valved or vented face masks on board, in line with national health regulations and World Health Organization (WHO) guidance.

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Tunisair, Air Algérie Appoint New CEOs

Credit: Joe Pries

North African carriers Tunisair and Air Algérie have both named new CEOs after their predecessors’ contracts were terminated.

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Sriwijaya Air FDR Recovered; Concerns Over Air Check Valve

Credit: Sriwijaya Air

The flight data recorder (FDR) of Sriwijaya Air flight SJ182 was recovered by Indonesian naval divers on the evening of Jan. 12, three days after the Boeing 737-500 carrying 62 people plunged into the sea.

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Air India Expands U.S. Network With West Coast, Midwest Flights

Credit: Air India

Star Alliance member Air India has begun increasing its presence in the U.S. as it launches nonstop services to the country from southern India. 

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As stakeholders warn that the new restrictions will harm Latin America's recovery, Skytra's data tool is paving the way for airline-revenue hedging. Take a look at the daily roundup of air transport news. 

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