Belated personal news update (as I was locked out of my Twitter account due to two-factor authentication issues): I'm now based in New York for Dashboard, covering the aircraft finance and leasing sector in the Americas.
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Michael Allen
@Michael_K_Allen
Air Finance Reporter Americas . Formerly Editor and Asia Finance Editor . alum.
Michael Allen’s Tweets
Widebody aircraft are somewhat out of fashion among some lessors amid the pandemic as short-haul travel leads the recovery. However, ALC believes widebodies will continue to be an important segment of the aircraft market in the longer term. More on dashboard.cirium.com/app/#/articles
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Air Lease Corporation‘s exposure to Russia and Ukraine is less than 5% of its fleet net book value, the LA-based lessor confirmed in an earnings call. The company “continues to monitor the situation”, it adds. Details on Cirium Dashboard. dashboard.cirium.com/app/#/articles #russia #ukraine
Will Hong Kong’s recent Omicron surge lead the government to abandon the city’s zero-Covid policy? Lessors hope so, but it is unlikely to happen soon, if Chinese premier Xi Jinping’s recent comments are anything to go by. More on Dashboard. dashboard.cirium.com/app/#/articles
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Singapore Airlines subsidiary Scoot has contacted aircraft lessors ahead of an upcoming RFP issue, understands. Details on Dashboard: dashboard.cirium.com/app/#/articles
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Delighted to see Richard O'Halloran has been able to leave China and reunite with his family. I reported extensively on Jiedong Min's arrest and the CALS debacle in 2018. Here are my views on Dashboard on the lessons to be learnt from this episode. dashboard.cirium.com/app/#/articles
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Garuda Indonesia hopes to formally launch its restructuring in the UK some time after the third week of December, understands.
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Indonesia's flag carrier Garuda is planning to launch a UK scheme of arrangement for its restructuring, understands. It also wants to cut nearly 80 aircraft and renegotiate or cancel orders for more than 90. Full details on the fleet plan on Dashboard.
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Philippine Airlines has indeed filed for a Chapter 11 process in the US, as reported on Thursday that it planned to. Details from the airline here: palrecovery.com
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PHILIPPINE AIRLINES CHAPTER 11 UPDATE: understands that PAL "anticipates" filing for Chapter 11 bankruptcy protection on 3 September, New York time. More details on Dashboard.
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Lion Air Group's billionaire co-founder Rusdi Kirana has assured lessors of the longevity of the airline. The latest on the group's restructuring negotiations with lessors on Dashboard: dashboard.cirium.com/app/#/articles
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Last week, AirAsia X held a briefing with lessors on its restructuring plan, though details on its equity fundraising were lacking, people who attended the meeting tell . Meanwhile, lease restructuring negotiations at short-haul carrier AirAsia are gaining momentum.
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Philippine Airlines is looking to file for Chapter 11 bankruptcy protection by end-May, the airline has told its lessors. Details on Dashboard. dashboard.cirium.com/app/#/articles
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Any effort to help restart air travel amid this pandemic is commendable. But passenger uptake of the upcoming Hong Kong-Singapore bubble (26 May launch) could be limited by strict new rules – if the bubble even inflates at all...
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Only six of the 22 aircraft GECAS put up for sale are now available after the lessor pulled 16 aircraft due to covenants relating to its merger agreement with AerCap, understands. #aircraft #aviation dashboard.cirium.com/app/#/articles
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Thai AirAsia X has signed its first aircraft lease restructuring agreement amid the Covid-19 downturn. More details on Dashboard: dashboard.cirium.com/app/#/articles
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When we spoke about consolidation in the operating leasing sector as a consequence of the Pandemic, I don’t think any of us could have imagined this. However, the joint entity is still only 16% of the market, so nothing for the competition authorities to get excited about here
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AerCap has confirmed it is in talks with GECAS, but says there "can be no guarantee that an agreement will be reached or on the terms of any agreement". Per on Dashboard. dashboard.cirium.com/app/#/articles
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Media reports surfaced in recent days about a potential merger of GECAS and AerCap, the world's two biggest aircraft leasing companies. Here's what such a merger could mean if it does go through. On Dashboard with
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Indonesia's Lion Air Group has reached agreements with some of its lessors over the restructuring of leases. More than nine months down the line, however, most are still in discussions, Dashboard understands. dashboard.cirium.com/app/#/articles
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Which aircraft leasing companies have the highest portfolio concentrations with airlines of Chinese conglomerate HNA Group, whose creditors have sought its bankruptcy and reorganisation? dashboard.cirium.com/app/#/articles
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BREAKING: HNA Group's creditors applying for the company to be placed in bankruptcy and reorganised, per HNA Group's official WeChat account. Many lessors have exposure to airlines owned by the Chinese conglomerate.
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Details of Nok Air's recent tender for up to 26 aircraft on Dashboard #aviation #airlines dashboard.cirium.com/app/#/articles
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Former Boeing CEO Muilenburg, who was ousted amid the 737 Max crisis, is planning to raise a #SPAC bloomberg.com/news/articles/ w/
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Communication with creditors is key for airlines undergoing restructuring, a source interviewed for this week's Dashboard deals report explains: dashboard.cirium.com/app/#/articles
The latest on Malaysia Airlines' restructuring process on Dashboard #aviation dashboard.cirium.com/app/#/articles
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Indonesia's Sriwijaya Air, the airline involved in Saturday's tragic crash, leased aircraft from 10 different lessors. Here's how those companies could be affected, via Dashboard: dashboard.cirium.com/app/#/articles
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Lion Air Group has offered a new proposal to its lessors, moving away from its PBH-ask and instead proposing deferrals spread over 18 months, sources tell
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Thai Airways held a meeting with lessors earlier this week, in which it outlined a slimming down of its fleet and potential haircuts for lessors, meeting attendees told
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Nok Air's chief financial officer has resigned. She joined the company less than three weeks ago. dashboard.cirium.com/app/#/articles
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I take a look at the current state of lessor relationships with Garuda Indonesia, the cash-strapped flag carrier, for Dashboard. Lessors reported not having been paid since March and details on the proposed government bailout remain unclear. dashboard.cirium.com/app/#/articles
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BREAKING: NokScoot's board has voted in favour of liquidating the company. dashboard.cirium.com/app/#/articles
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Singapore Airlines confirms NokScoot returning leased aircraft flightglobal.com/singapore-airl
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Bain Capital wins bid for Virgin Australia flightglobal.com/bain-capital-w
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Several airlines are set to benefit from Hong Kong's wage subsidy scheme. Two Taiwanese plus a mainland carrier, but no sign of Cathay Pacific -- yet. flightglobal.com/airlines-benef
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From our global finance editor @FG_SophieSegal, export credit agencies are back in business, helping airlines through the unprecedented challenge of Covid-19. dashboard.cirium.com/app/#/articles
My interview on the Dashboard with lessor 's finance chief Barry Flannery, in which he talks about the company's latest results, Covid-19 rental deferrals, aircraft delivery delays, and more... dashboard.cirium.com/app/#/articles
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