Avolon A320neo repainted in Jet Airways livery
October 17, 2022
Irish lessor Avolon has had an Airbus A320neo repainted in the livery of India's Jet Airways. Maas Aviation – an aircraft painting and exterior coatings specialist says: "I can confirm that we did paint a Jet Airways livery for Avolon in September." The company declined to comment further, "in respect of client confidentiality". A photograph dated 27 September and posted to the Planespotters.net website shows the aircraft (MSN 10546), bearing the Jet livery, at Maastricht Aachen airport in the Netherlands. Data indicates that MSN 10546 is managed by Avolon and had been bound for Russia's S7 Airlines until the lease was terminated in mid-February before the aircraft could be delivered. Indian newspaper The Hindu Business Line reported on 28 September that Jet had entered into a lease agreement with Avolon to lease A320 aircraft. However, Jet said in a 6 October stock-exchange filing in response to that article that it had "not finalised or approved or entered into any arrangement related to aircraft". Avolon tells Cirium it "does not comment on specific customer relationships". Jet halted operations in April 2019 and was subsequently approved to enter a corporate insolvency resolution process. It has been working towards relaunching operations under a consortium between UAE-based businessman Murari Lal Jalan and UK-based Kalrock Capital.
Ryanair seals collective deal with UK cabin crew
October 14, 2022
Irish low-cost carrier Ryanair has signed a new collective agreement with UK trade union Unite. The deal covers accelerated pay restoration, upfront and annual pay increases, and restructuring of pay to deliver more guaranteed earnings, and applies to all of Ryanair's UK-based cabin crew until 2026, the carrier says. Under the agreement, cabin crew will benefit from competitive starting pay and a fixed 'five days on, three days off' roster, it adds. "A core feature of this new agreement is a clear career path, helping crew to rapidly secure promotions to senior cabin supervisor and training roles as the airline grows." Ryanair's people director Darrell Hughes states: "We continue to work with our crew and their unions across Europe on new agreements, similar to those concluded with Unite in the UK, CCOO in Spain and SNPNC-FO in France this week. We have already successfully negotiated improved long-term agreements this summer with over 85% of our pilots, and over 90% of our cabin crew, as we prioritise post-Covid pay improvements." The airline is currently recruiting for new cabin crew in the UK as it aims to create over 2,500 new jobs and grow to passenger numbers of 225 million per annum by 2026. It expects to reach 115% of its pre-Covid capacity this year.
SIA in 'confidential discussions' about Vistara-Air India merger
October 14, 2022
Singapore Airlines is holding "confidential discussions" with India's Tata Group about a potential integration of Vistara and Air India. "The establishment of Vistara in 2013 gave the SIA Group a stake in India’s fast-growing aviation sector. India has strong domestic and international traffic flows, which is expected to more than double over the next 10 years. This is an integral part of the SIA Group’s multi-hub strategy, allowing it to get access to important sources that complement its strong Singapore hub," Singapore Airlines says in a 13 October filing to the Singapore Exchange. "In line with its multi-hub strategy, SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd... The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India." The discussions are ongoing and no definitive terms have been agreed upon between the parties, the Singaporean flag carrier adds. There is also, it says, "no certainty or assurance whatsoever" that any definitive agreement will be entered into, or that the potential transaction will materialise or "proceed to completion arising from these discussions". "Even if a transaction were to materialise, it would be subject to the relevant regulatory approvals, amongst other matters," the airline says. Singapore Airlines holds a 49% equity interest in Tata SIA Airlines, which operates as Vistara and is based in New Delhi. Tata Group holds the remaining 51%. On 27 January 2022, Tata Group closed the acquisition of Air India, having been selected as the new owner of the airline by the Indian government in October 2021. That selection followed a drawn-out sales process which was repeatedly delayed. Air India's current chief executive, Campbell Wilson, who was appointed in May, previously served as the chief executive of SIA's low-cost subsidiary Scoot.