Airlines & Lessors
Aug 09, 2018
The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.
Aug 09, 2018
As the Canadian ULCC market heats up, Air Canada said it is prepared to leverage the significant flexibility of its rouge subsidiary to ward off competition, from adding flights in major domestic markets to re-configuring aircraft to match rivals’ all-economy offerings.
Aug 09, 2018
Chicago-based United Airlines, Colombia’s Avianca and Panamanian flag carrier Copa Airlines may form a three-way joint business agreement, according to statements released by the two Latin American airlines’ holding companies Aug. 8.
Aug 08, 2018
Stamford, Connecticut-based Aircastle continues to struggle to place more of its Embraer E190-E2-series aircraft slated to begin arriving next year; however, the lessor is confident the Boeing-Embraer tie-up and the aircraft’s recent entry into service will help entice new customers.
Aug 08, 2018
Japanese financier ORIX is set to acquire 30% of Irish lessor Avolon from China’s Bohai Capital for $2.2 billion, with completion expected in the fourth quarter of 2018.
Jun 14, 2022
The French shipping company acquired the stake through the airline group’s recently concluded €2.6 billion ($2.7 billion) capital raise after agreeing a strategic partnership with Air France-KLM in May.
Jun 14, 2022
Virgin Australia is resuming more short-haul international destinations this week, and it is also planning for further expansion of its international network later this year and in March 2023.
Jun 13, 2022
Airfares surged by nearly 13% in May on the back of higher jet fuel prices, extending a streak of monthly price increases that some industry watchers are worried may soon start to eat into travel demand.
Jun 13, 2022
Fort-Lauderdale based Silver Airways is seeing a robust recovery in demand, but pilot staffing remains a challenge.
Jun 13, 2022
African airlines have restored around 76.6% of their 2019 capacity, but traffic is continuing to lag at 66.3% of pre-pandemic levels, causing cash-flow problems for local operators.
Jun 13, 2022
The Danish government has acknowledged that Scandinavian Airlines (SAS) is in a “very serious situation,” triggering the state to agree to a debt-to-equity conversion and a possible capital injection.
Jun 13, 2022
The new Armenian flag-carrier will initially serve three destinations when flights start on July 3.
Jun 10, 2022
Russian airlines are embarking on a new approach to rebuilding their relationships with foreign lessors after the Kremlin banned leased Western-built aircraft from being returned following the implementation of sanctions.