Aviation Daily Roundup: Nov. 05
Bombardier Cooperates With Bribery Probe Over Garuda’s CRJ1000s
Credit: BombardierBombardier has met with the UK’s Serious Fraud Office to discuss suspected corruption related to the 2011-12 acquisition and lease of CRJ1000 regional jets by Garuda Indonesia.
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Cathay Reports High Acceptance Rates For Revised Staff Contracts
Credit: Cathay PacificAlmost all of Cathay Pacific’s eligible pilots and cabin crew have accepted the revised contract terms that are a key part of the Hong Kong airline’s cost restructuring efforts.
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China Eastern Inks Deals Worth $1.1B For Future A320neos
Credit: Airbus / P. MascletChina Eastern Airlines signed major deals with CFM International and Honeywell on the Nov. 5 opening day of the China International Import Expo, both relating to its future Airbus A320neos.
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Wizz Air Prepares For A Swift Recovery After Challenging Winter
Credit: Wizz Air / TwitterWizz Air said the winter season would be challenging but the carrier would be ready for a swift recovery when demand returns, after it posted a loss for the six months to September.
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Thai Airways Selling Off 34 Older Aircraft
Credit: Nigel Howarth / Aviation WeekThai Airways has put a total of 34 aircraft up for sale, including all of its Boeing 747-400s, 777-200s and 777-300s, as the flag-carrier turns to more fuel-efficient aircraft like the Airbus A350-900 for the handful of international flights it now operates.
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Lufthansa Comfortable With Liquidity Level In Spite Of Large Loss
Credit: Lufthansa Cargo / FacebookLufthansa anticipates that it can stop burning through cash at some point in 2021, provided demand recovers to at least 50% of 2019 levels in what would be a substantial recovery from current levels of activity.
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Lufthansa Group Carriers Implement More Pandemic Mitigation Measures
Credit: Austrian AirlinesLufthansa Group subsidiaries Swiss International Airlines (SWISS), Austrian Airlines and Brussels Airlines continue to implement measures to overcome the coronavirus pandemic.
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Lessor DAE Reports Strong Q3 Performance, Cash Collection
Credit: DAELessor Dubai Aerospace Enterprise found new business in the teeth of the COVID-19 pandemic and pulled in more cash from lessees in the 2020 third quarter, the company said Nov. 4.
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UK Pilots’ Union Slams Government Inaction
Credit: EasyJetAccording to the trade union representing British pilots, the UK government seems set on a deliberate course to destroy the country’s airline industry.
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International Traffic Slump Will Hamper U.S. Recovery For Years, Analysis Finds
Credit: LaGuardia AirportInternational demand will lag the pure U.S. domestic market’s recovery for years, creating a headwind for carriers that rely on international flow to boost their throughput and altering how they rebuild their networks, an analysis from the Swelbar-Zhong consultancy suggests.
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Flair’s New CEO Believes ULCCs Are Positioned To Grow In Canada
Credit: FlairAlthough Canada’s border with the U.S. remains closed, and domestic quarantines remain intact in some areas, the new CEO of ULCC Flair Airlines remains bullish about the long-term opportunities for the ultra-low-cost model over the long term.
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Daily Memo: Is Southwest Serious About The A220?
Credit: Southwest Airlines / TwitterSouthwest Airlines executives turned some heads recently when they name-dropped the Airbus A220 as a possible candidate for an upcoming single-aisle aircraft order.
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Triumph Group Eyes Aerostructures Divestiture Deal By March
Credit: Triumph GroupTriumph Group will at least announce the sale of the rest of its aerostructure business before April 2021, if not close on the deal, the supplier’s chief executive asserted Nov. 5.
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Emirates Urges Pilots To Take Year’s Unpaid Leave
Credit: Emirates AirlineEmirates Airline has offered some pilots unpaid leave of up to one year, as it seeks to slim its workforce in the teeth of the ongoing COVID-19 pandemic.
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From Lufthansa Group carriers implementing more pandemic mitigation measures to UK pilots’ union slamming government inaction. A daily roundup of air transport news.
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