Michael Allen

Head of @Cirium Dashboard's Americas editorial team. Ex-editor @BTAsiaPacific and Asia Finance Editor @AirfinanceNews in Hong Kong. @cityjournalism alum.

[Michael Allen @Michael_K_Allen]

I spoke to @flairairlines interim CEO Maciej Wilk, who is just weeks into his new role, about the company's response to the @CrowdStrike outage, its hunt for a permanent CEO and new CFO, its ownership realignment, and the unconsummated acquisition of @Lynx_Air. @cirium

[Michael Allen @Michael_K_Allen]

BREAKING: Joseph David Emerson, the off-duty Alaska Airlines pilot charged with 83 counts of attempted murder, is on active suicide watch, a public information officer for the Multnomah County courts tells Cirium and other reporters.

[FBI Portland @FBIPortland]

One man is under arrest on state charges, booked by the Port of Portland, after an incident in the air on Horizon Air flight 2059 from Everett, Washington to San Francisco, California. See full #FBIPortland statement below:

[Michael Allen @Michael_K_Allen]

"They are no longer aircraft," the complaint reads. "They are a jumble of broken, unserviceable parts." More on @cirium Dashboard about Greylag and Avenue's complaint against their insurers RE aircraft leased to Garuda Indonesia. #Aircraft #airlines #Legal

[Michael Allen @Michael_K_Allen]

Mexico's Viva Aerobus has revealed to @cirium that it's launched an international roadshow seeking $125m in financing.

[Michael Allen @Michael_K_Allen]

1,700 trainee air traffic controllers will not lose their training positions as a result of the averted shutdown of the US federal government. The FAA has also had its funding extended until the start of 2024. More on @cirium Dashboard.

[Michael Allen @Michael_K_Allen]

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 @cirium https://t.co/Q2vh5MmgZZ

[Michael Allen @Michael_K_Allen]

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. https://t.co/gMZbxqHema #russia #ukraine

[Michael Allen @Michael_K_Allen]

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 @cirium Dashboard. https://t.co/0At62ShoxU

[Michael Allen @Michael_K_Allen]

Singapore Airlines subsidiary Scoot has contacted aircraft lessors ahead of an upcoming RFP issue, @cirium understands. Details on Dashboard: https://t.co/Vjq1sfSkWP

[Michael Allen @Michael_K_Allen]

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 @cirium Dashboard on the lessons to be learnt from this episode. https://t.co/DAreEJSAzX

[Michael Allen @Michael_K_Allen]

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 @cirium Dashboard, covering the aircraft finance and leasing sector in the Americas.

[Michael Allen @Michael_K_Allen]

Garuda Indonesia hopes to formally launch its restructuring in the UK some time after the third week of December, @cirium understands.

[Michael Allen @Michael_K_Allen]

@Cirium understands lessors that chose to keep their aircraft at AirAsia X can still terminate leases up until end-Jan 2022, even if they vote in favour of its debt restructuring today. https://t.co/sbfQYvfaLj

[Michael Allen @Michael_K_Allen]

Indonesia's flag carrier Garuda is planning to launch a UK scheme of arrangement for its restructuring, @cirium 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.

[Michael Allen @Michael_K_Allen]

Philippine Airlines has indeed filed for a Chapter 11 process in the US, as @cirium reported on Thursday that it planned to. Details from the airline here: https://t.co/lR6klOahGE

[Michael Allen @Michael_K_Allen]

PHILIPPINE AIRLINES CHAPTER 11 UPDATE: @cirium understands that PAL "anticipates" filing for Chapter 11 bankruptcy protection on 3 September, New York time. More details on Dashboard.

[Michael Allen @Michael_K_Allen]

@JournoDannyAero @SCMPNews Rather pointless without reciprocation, unless you are relocating to Singapore.

[Michael Allen @Michael_K_Allen]

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 @cirium Dashboard: https://t.co/lnzQKyoFpj

[Michael Allen @Michael_K_Allen]

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 @cirium. Meanwhile, lease restructuring negotiations at short-haul carrier AirAsia are gaining momentum.