Massive Dip In Philippines Passenger Traffic
The Philippines has been hard hit by the pandemic with international passenger traffic declining more than 90% and domestic numbers dropping by more than half. Statistics from the Philippines’ Civil Aeronautics Board (CAB) show international passenger numbers, for January to…
US Court Approves Lucio Tan’s US$505 Million Capital Injection Into PAL
A U.S. Bankruptcy Court has approved several restructuring support agreements Philippine Airlines (PAL) has with stakeholders and it has approved Lucio Tan companies to recapitalise the airline to the tune of US$505 million. PAL says in a statement the court’s…
Air Passenger Traffic In Philippines Sees Massive Dip During Pandemic
The Philippines commercial aviation market experienced a 73.8% year-on-year decrease in passenger traffic in this year’s first-half due travel restrictions imposed to contain spread of COVID-19. The country’s Civil Aeronautics Board (CAB) says the Philippines’ total passenger volume from January…
Lessor Avation Anticipates Virgin Australia Administrator Will Only Pay Small Fraction Of Monies Owed
Aircraft lessor Avation anticipates it will only receive a fraction of the monies Virgin Australia owes it. Aviation says it had 11 ATR 72s and two Fokker 100s leased to Virgin Australia representing 19% of Avation’s total monthly run-rate lease…
Bid to Redevelop Manila’s Sangley Point Airport in Further Doubt
Philippine Airlines (PAL)’ financial woes are adding further doubt to owner Lucio Tan’s joint bid with a Chinese state-owned enterprise to redevelop Manila’s Sangley Point Airport. Philippine Daily Inquirer newspaper cites the governor of Cavite province, Jonvic Remulla, as saying the…
Best on the Web | December
India’s SpiceJet Seaplane Service Temporarily Suspended https://www.indiatvnews.com/news/india/spicejet-seaplane-services-restart-december-15-668217 SpiceJet’s new seaplane service, using a De Havilland Canada Series 300 Twin Otter wet-leased from foreign carrier Maldivian, has been temporarily suspended. The airline’s spokesperson says the suspension was due to aircraft needing…
