Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Cirium"


25 mentions found


A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats.
Persons: Luke Sharrett, Ryan Green, Scott Keyes, airfare, Bob Jordan, Jordan, Barry Biffle, we're, Hopper, that's, Biffle, Henry Harteveldt Organizations: Frontier, Spirit Airlines, Indianapolis International Airport, Bloomberg, Getty, Texas — Airlines, Southwest Airlines, Skift Aviation, Airlines, JetBlue Airways, Budget, JetBlue, Frontier Airlines, . Frontier Airlines, CNBC, Delta Air Lines, United Airlines, American Airlines, Southwest, Atmosphere Research Locations: Indianapolis , Indiana, Texas, Miramar , Florida, Orlando, Vegas
CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.
Persons: CNN —, it’s, , Denis Manturov, Vladimir Putin, Murdo Morrison, , Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, , Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, , Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow
Spectators react in the crowd during the ICC Men's Cricket World Cup India 2023 between India and Afghanistan at Arun Jaitley Stadium on October 11, 2023 in Delhi, India. Matt Roberts-icc | Icc | Getty ImagesIndia is once again hosting the Cricket World Cup after more than a decade. "We must remember that the World Cup coincides with the Diwali season. Media and advertisingDuring the last Cricket World Cup in 2019, a global average of 1.6 billion people tuned in. Spectators watch the 2023 ICC Men's Cricket World Cup one-day international (ODI) match between Australia and Sri Lanka at the Ekana Cricket Stadium in Lucknow on Oct. 16, 2023.
Persons: Matt Roberts, Shantanu Bhargava, Lalitya, Avi Mehta, Waterfield, Bhargava, Dhavala, Aditya Suresh, Suresh, Zomato, Prakash Singh, Mehta, , Radico Khaitan, Shibani Kurian, It's, Tauseef Mustafa Organizations: ICC Men's Cricket, Arun, icc, Icc, Getty, Cricket, Waterfield Advisors, Hospitality, CNBC, International Cricket Council, Macquarie Group Demand, Bangladesh, Pakistan, Indian Hotels Company, Macquarie Group, Alcohol, Afp, Spirits, Kotak Mahindra AMC, Media, Disney, ICC, Board, Control, BCCI, Ekana Cricket Locations: India, Afghanistan, Delhi, Bangladesh, Sri Lanka, Pakistan, Ahmedabad, Australia, New Zealand, Netherlands, Pune, LSEG, New Delhi, Lucknow
REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsCHICAGO, Oct 17 (Reuters) - United Airlines Holdings (UAL.O) on Tuesday forecast weaker fourth-quarter earnings due to higher costs, sending its shares down more than 4%. United has said its fuel costs have climbed over 20% since mid-July. The company's average fuel bill is projected to increase by 11% in the quarter through December from the last quarter. In the December quarter, Israel accounted for 1.9% of its planned global capacity, a Reuters analysis of Cirium data showed. Adjusted profit for the third quarter came in at $3.65 per share, higher than the $3.35 estimated by Wall Street analysts.
Persons: Eduardo Munoz, Rajesh Kumar Singh, Richard Chang Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Rights, United Airlines Holdings, U.S, Delta Air Lines, Wall Street, Thomson Locations: York, Newark , New Jersey, U.S, Chicago, Israel, Tel Aviv
U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.
Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo
Only 2.2 million Chinese travelers arrived between January and September 10 this year, according to data from the Tourism Authority of Thailand. Thai Prime Minister Srettha Thavisin greeted travelers on the first day of the government's visa-free scheme for Chinese tourists. “Competition is really intensifying in the region to attract Chinese tourists amongst all countries, and you have to make it as easy as possible,” said Bowerman. Chinese tourists pray in front of Thai dancers at the Erawan Shrine in Bangkok, Thailand on September 22, 2023. Rumors, film complicate efforts to lure back touristsPrior to the announcement of the visa-free policy this month, Chinese tourists had been slow to return to Thailand.
Persons: Srettha Thavisin, It’s, ” Sretta, , Chiang, Wang Wenbin, Peerapon Boonyakiat, pare, Gary Bowerman, , Bowerman, Huang, “ I’ve, coronavirus, Trip.com, Jin Junhao, Joanna Lu, Anusak, Wolfgang Georg Arlt, “ There’s, Thailand ”, Sisdivachr Cheewarattanaporn Organizations: CNN, China’s, Tourism Authority of, Thai, Civil Aviation Administration, China Railway, Asia, Tourism Research Institute, Thailand’s Ministry of Tourism, Sports, Thai Travel Agents Association Locations: China, Shanghai, Bangkok’s, Chiang Mai, Bangkok, Pattaya, Phuket, , Beijing, Thailand, Southeast Asia, Tourism Authority of Thailand, Asia, Sichuan, South Korea, Malaysia, Singapore, Australia, United Kingdom, Erawan, Myanmar, Cambodia, Weibo
REUTERS/Loren Elliott(Reuters) -Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant” impact on its flight schedule from next year. “This issue will further reduce engine availability and is expected to have a significant impact on the airline’s schedule from January 2024,” Air New Zealand said in a statement. Air New Zealand has 16 A320neo jets in its fleet of 106 aircraft, servicing Australia and the Pacific Island markets and, to a much lesser extent, the domestic market. Major customers that took delivery of affected A320neo jets include Spirit Airlines, JetBlue Airways, Hawaiian Airlines and Wizz Air, according to aviation data provider Cirium. Hungary’s Wizz Air, one of Europe’s largest lost-cost airlines, on Monday said its capacity could be reduced by 10% in the second half of 2024 as a result.
Persons: Loren Elliott, RTX’s Pratt, Greg Hayes Organizations: Air, Sydney Airport, REUTERS, Reuters, Zealand, Whitney, Airbus, ” Air, Air New, Pacific, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz Locations: Zealand, Sydney, Australia, Air New Zealand
Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia Acquire Licensing RightsSept 5 (Reuters) - Hawaiian Holdings Inc (HA.O), the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed after the West Maui wildfire affected travel demand. Hawaiian Airlines is among the major customers that took delivery of the affected A320neo jets, according to aviation data provider Cirium. The State of Hawaii has currently discouraged non-essential travel to West Maui through October, the company said. Hawaiian expects its operating revenue per seat mile for the current quarter to be down 4% to 7%, from earlier guidance for a reduction of 2% to 5%.
Persons: Daniel K, Marco Garcia, Pratt, Pratyush Thakur, Devika Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings Inc, Hawaiian Airlines, Pratt & Whitney, Airbus, ASM, Thomson Locations: Honolulu , Hawaii, U.S, Maui, State, Hawaii, West Maui, Bengaluru
More than 1,500 flights were cancelled on Monday - a public holiday in parts of Britain, and one of the busiest travel days as the school holidays draw to close - when air traffic controllers were forced to switch to manual systems due to a technical problem. Ryanair, Europe's biggest airline, would be operating a normal schedule by Wednesday, said boss Michael O'Leary, as he criticised how Britain's National Air Traffic Services (NATS) had handled the situation. Harper chaired a meeting on Tuesday with NATS, the Civil Aviation Authority (CAA), airlines, airports, trade bodies and Border Force. EasyJet (EZJ.L) said that the knock-on impact meant some flights were cancelled on Tuesday morning. Heathrow Airport, Britain's busiest hub, told passengers to contact their airline before travelling to the airport on Tuesday.
Persons: Maria Ball, Charles De Gaulle, Mark Harper, Michael O'Leary, haven't, O'Leary, Raphael Satter, Rishi Sunak, Sunak, Harper, NATS, Cirium, Sarah Young, Padraic Halpin, Farouq Suleiman, Kate Holton, Alistair Smout, Alison Williams, Mike Harrison Organizations: British, Ryanair, Europe's, Air Traffic Services, REUTERS, Civil Aviation Authority, CAA, Border Force, Aviation, British Airways, Heathrow, Thomson Locations: Europe, Britain, Liverpool, England, Paris, Edinburgh, London, Stansted, NATS
CNN —Travelers have been warned that the chaos brought about by a UK air traffic control failure earlier this week will continue for days. After waiting at the airport for an update, Palladino, who lives in the UK, was informed that the flight was canceled. “Due to yesterday’s technical issues suffered by UK Air Traffic Control, there may be some continuing disruption on some routes, including flight cancellations,” reads a statement from London’s Heathrow Airport on Tuesday. Passengers are however advised to check the status of their flight with the airline before travelling to the airport. “Our priority is always to ensure that every flight in the UK remains safe and we are sincerely sorry for the disruption this is causing.
Persons: Mark Harper, ” Harper, NATS, Rosa Palladino, Palladino, , Lee Vanstone, Organizations: CNN — Travelers, Transport, BBC, Air Traffic Services, CNN Travel, Gatwick Airport, Pisa Airport, UK Air Traffic Control, Gatwick, Gatwick LGW, British Airways Locations: Naples, Italy, Pisa
The United Kingdom's air traffic control systems have grounded thousands of flights on one of the busiest travel days of the year. LONDON — A technical glitch which has caused hundreds of U.K. flights to be disrupted could take "days" to fix, causing chaos for passengers during the busy summer travel period. Hundreds of flights were delayed and canceled Monday after a systems failure at the U.K.'s air traffic control services left operators unable to automatically process flight plans. Britain's National Air Traffic Service said several hours later that it had resolved the issue, but warned that it would take time for normal flight schedules to resume. The issue comes during the U.K.'s busy public holiday travel period, with many people returning from summer vacations.
Persons: Juliet Kennedy, Kennedy, Mark Harper, Harper Organizations: LONDON, Air Traffic Service, London's, London Gatwick, BBC Radio, Civil Aviation Authority Locations: Heathrow, Manchester
Flights in and out of Britain will be disrupted for days, the U.K. government said on Tuesday, after a technical issue with the country’s air traffic control system left thousands of passengers stranded abroad or facing severe delays. Around 150 flights departing Britain and 130 arriving were canceled on Tuesday, about 5 percent of the total scheduled, according to Cirium, an aviation analytics company, compounding travel woes for British holidaymakers after more than a thousand flights were canceled the day before. “The timing was not at all helpful for people,” Mark Harper, the government minister responsible for transport policy, told the BBC on Tuesday morning. “It’s disrupted thousands of people. Lots of flights were canceled yesterday because of the imperative to keep the system working safely, and it is going to take some days to get completely everybody back to where they should be.”
Persons: ” Mark Harper, “ It’s, Organizations: BBC Locations: Britain
Economy seats account for 79.3% of seats between the U.S. and Europe, down from nearly 81.9% in 2018, before the pandemic, according to aviation data firm Cirium. Business-class seats' share of seats sold has grown slightly, from 12.9% to 13.5% though premium economy's share has increased even more, making up 6.4% of seats sold, up from 4.2% five years ago, while first class seats' share fell. Delta, JetBlue Airways , United Airlines , American Airlines , Finnair and Lufthansa are among the carriers that have recently announced upgraded first-class seats, suites with sliding doors or premium economy cabins. On rival United Airlines , a similar itinerary was nearly $1,850 in premium economy and $912 in standard coach. Business class easily tops $5,000 for that route.
Persons: DAL, Natalie Rasmussen, I'm, Rasmussen, Leslie Josephs, Edward Dryden, Delta Organizations: Airline, Delta Air Lines, Virgin Atlantic's, Virgin, U.S, JetBlue Airways, United Airlines, American Airlines, Finnair, Lufthansa, Singapore Airlines, CNBC, Collins Aerospace, Delta, Suites Locations: Europe, San Jose , California, London, Germany, Czech Republic, Delta, Emirates, New York, Paris
New York CNN —The federal government is allowing airlines to continue to run reduced flight schedules to major airports serving New York City and Washington in hopes of curbing flight cancellations and reducing the burden on short-staffed air traffic controllers. The FAA says the slot waivers — initially set to expire on September 16 — have been extended another six weeks until October 28. The new extension follows pleas by United Airlines and the airline industry’s top lobby, Airlines for America. CNN has reached out to United Airlines and Airlines for America for comment. Airline staffing shortagesShortages extend beyond air traffic controllers, too.
Persons: Organizations: New, New York CNN, Federal Aviation Administration, Reagan National Airport, D.C, FAA, United Airlines, Airlines for, New York, CNN, United Airlines and Airlines for America Locations: New York, New York City, Washington, New, LaGuardia, JFK, Newark, Airlines for America, Newark , JFK
[1/2] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Hawaiian Airlines warned it might have to adjust its capacity, but said it was too early to assess the impact. Spirit Airlines previously cut 2023 capacity estimates due to a lack of working GTF engines. A spokesperson said the New York-based carrier was working with Pratt to assess the impact of the latest problem. In a regulatory filing, the company previously warned it was "vulnerable to significant problems" associated with Pratt & Whitney's GTF engines.
Persons: Pratt & Whitney, Benoit Tessier, Pratt, Addison Schonland, RTX, Schonland, Peter Ingram, Scott Haralson, Whitney's, Wizz, Rajesh Kumar Singh, Tim Hepher, Valerie Insinna, Ben Klayman, Jamie Freed Organizations: Pratt &, International Paris Air, Le, REUTERS, Airline, Pratt & Whitney, Pratt, Airbus, Carriers, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz, JetBlue, Thomson Locations: Le Bourget, Paris, France, PARIS, Pratt, Florida, New York, New York City, Chicago, Washington
Microscopic contaminants were found in a metal used in the engine's high-pressure turbine discs - part of the engine core. In an interview, Chief Executive Greg Hayes acknowledged the airlines' frustration over a spate of problems with the Geared Turbofan (GTF) engines over the last seven years. While the latest GTF issue could be the last straw for some, we suspect that the negative (share price) response is overdone". Low-cost Indian carrier Go First, which plunged into financial crisis this year, blamed "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos. Announcing quarterly earnings on Tuesday, RTX increased its 2023 sales expectation from $72 billion to $73 billion to $73 billion to $74 billion.
Persons: Whitney, Pratt, Greg Hayes, Safran, RTX, Robert Stallard, Wizz, Hayes, Pratyush Thakur, Valerie Insinna, Mike Stone, Susan Mathew, Rajesh Singh, Tim Hepher, Shounak Dasgupta, Sharon Singleton, Nick Zieminski Organizations: Pratt, Airbus, U.S, RTX Corp, Raytheon Technologies, CFM International, GE, Reuters, Research, Spirit Airlines Inc, JetBlue Airways, Wizz, Thomson Locations: Paris, Bengaluru, Washington, Chicago
[1/2] An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoJuly 25 (Reuters) - U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group (ALK.N) and a warning on jet engines by aerospace giant RTX (RTX.N). Alaska's shares plunged 11.2% in morning trade, dragging United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and Delta Air (DAL.N) down between 2.5% and 5%. Jetblue's shares fell about 5%, while those of ultra-low-cost carrier Spirit Airlines declined about 3%. Paris-listed shares of Airbus (AIR.PA) fell 2%.
Persons: Ben Nelms, Stephen Trent, Whitney, Art Hogan, You've, Shivansh, Johann M Cherian, Tim Hepher Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Investors, Citi, United Airlines, American Airlines, Southwest Airlines, Delta Air, Raytheon, Pratt, Airbus, Riley Wealth, Spirit Airlines, Jetblue Airways, Thomson Locations: Richmond , British Columbia, Canada, Alaska, Boston, Paris, Bengaluru
BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”
Persons: CNN —, , , Sascha Feuerherd, , Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, Locations: Maldives, India, , Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar
Boston Logan International Airport is currently under a ground stop due to thunderstorms, according to the Federal Aviation Administration. LaGuardia Airport in Queens was also under a ground stop due to thunderstorms, the FAA said. Weather conditions have also caused flight disruptions and a ground stop at New Jersey’s Newark Liberty International Airport, it said on Twitter. John F. Kennedy International Airport is also under a ground stop. A passenger walks past a Delta Airlines plane at a gate at Logan International Airport in Boston, Massachusetts, U.S., January 3, 2022.
Persons: , John F, Brian Snyder, It’s Organizations: CNN, Nationwide, Boston Logan International, Federal Aviation Administration, LaGuardia, FAA, Twitter, New Jersey’s Newark Liberty International Airport, Kennedy International, Delta Airlines, Logan International Airport, Newark, JFK, JetBlue, Sunday, United Airlines, Bureau of Transportation Statistics Locations: New York City, Boston, Queens, New, Newark, Boston , Massachusetts, U.S, New York
European travellers are already on high alert over worries about air traffic control problems arising from both the reduced air space available due to the Ukraine war, plus staffing issues and industrial action at some locations. "Given the scale of the industrial action, disruption, delays and cancellations are inevitable across the airport," Unite said in its statement. Concerns over air traffic control delays already prompted easyJet to axe 2% of its summer flight schedule, mostly from Gatwick, on Monday. On the strike-affected days, 4,410 flights are due to depart from Gatwick, equating to over 840,000 potential passengers, according to aviation analytics firm Cirium. Britain's busiest hub, Heathrow Airport, agreed a pay deal with security workers in June, avoiding multiple days of walk-outs throughout the summer which had been planned by Unite.
Persons: EasyJet, easyJet, William James, Sarah Young, Sachin, Mark Potter Organizations: Gatwick, Menzies Aviation, DHL Services, Gatwick's, British Airways, DHL, Airlines, Financial Times, Heathrow Airport, Unite, Thomson Locations: Ukraine, London, TUI, Gatwick, Europe
New York CNN —Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. As of 8:30 am ET, FlightAware tracking service reported there were 687 flights canceled and another 1,200 delays. Although that’s better than the 2,200 canceled flights in each of the last two days, or the more than 16,000 delayed flights between Monday and Tuesday, it’s hardly a smooth-running operation. Staffing shortageThe US air travel system is unable to recover quickly from widespread weather problems, because it doesn’t have the bodies to deal with the disruptions. The airline canceled 461 flights this past Saturday and Sunday and delayed another 1,972 flights, according to data from flight tracking site FlightAware.
Persons: that’s, it’s, Ed Bastian, , Scott Kirby, Kirby, ” Kirby, United, , Paul Thacker, ” Thacker, “ ”, ” Michelle Maciel, Pete Muntean, Gregory Wallace Organizations: New, New York CNN, Federal Aviation, Airport, Transportation, Administration, FAA, Newark Airport, United, United Airlines, CNN, Newark Liberty International Airport, Association of Flight, DC, Greyhound Locations: New York, Boston, New York City, Madrid, United’s, Newark, Toronto, Denver, Portland Oregon
Global airlines grasp at the 100% recovery
  + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com   time to read: +4 min
HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.
Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India
NEW DELHI/PARIS, June 20 (Reuters) - Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. A day later, rival Air India firmed up an order for 470 Airbus and Boeing (BA.N) aircraft that, until Monday, had been the industry leading plane deal. LEASING CONCERNSBut while the opportunity in India is big, so are the risks, says Ameya Joshi, an independent aviation analyst. Leasing companies warn that restrictions on repossessing their assets in case of defaults will drive up costs for all Indian airlines - even for IndiGo and Air India. It will eventually help Indian airlines by lowering risk and moderating lease rental costs," said Joshi.
Persons: India's, Jyotiraditya Scindia, planemakers, Ameya Joshi, Joshi, Aditi Shah, Tim Hepher, Joanna Plucinska, Mark Potter Organizations: NEW, Paris, Airbus, Air India, Boeing, Air, CAPA India, planemakers, IndiGo, lessors, Thomson Locations: NEW DELHI, PARIS, Air India, India, New Delhi, outdoing U.S, Paris
Air freight flies in the bellies of passenger planes and dedicated freighters, most of which are converted planes. A Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023. An old first-class suite on a former Nordwind Boeing 777 slated to be converted to a freighter, March 7, 2023. Aircraft technicians work on a Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023. An aircraft technician works on a Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023.
Persons: Leslie Josephs Organizations: Air, Baltic Air, Boeing, CNBC, CNBC Technicians, Aircraft, Companies, CNBC CNBC, Aspire, Mammoth, Fort Worth , Texas — Locations: Fort Worth , Texas, Texas, Singapore
NEW DELHI, May 30 (Reuters) - India's aviation watchdog has put on hold requests from lessors to repossess planes from Go First, as the airline's bankruptcy process imposes a freeze on assets which supersedes such requests, the regulator said in a court filing seen by Reuters. Lessors of Go First have locked horns with Go First and India's Directorate General of Civil Aviation (DGCA) to reclaim its planes for missed payments, filing as many as 40 requests with the watchdog to allow repossession. Go First's lessors include Standard Chartered's Pembroke Aircraft Leasing, SMBC, CDB Aviation's GY Aviation Leasing and BOC Aviation. India has ratified the treaty but the DGCA argued there was no local legislation enforcing it, rendering it ineffective. The DGCA filing said local laws "prevail over provisions of any international treaty that India is a signatory to".
Total: 25