Airlines & Lessors
Dec 08, 2016
Chinese carriers have reduced US dollar debt ratios on aircraft purchases as the weakening yuan (CNY) continues to impact airlines’ financial performance.
Dec 08, 2016
The Lufthansa supervisory board has appointed telecommunications expert Thorsten Dirks as the new CEO of low-cost carrier (LCC) Eurowings and Aviation Services, effective May 1, 2017.
Dec 08, 2016
Manila-headquartered Philippine Airlines has finalized a firm order for five Bombardier Q400s and purchase rights for another seven, launching the two-class, 86-seat variant.
Dec 08, 2016
The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit.
Dec 07, 2016
Global air cargo traffic increased 8.2% year-over year (YOY) in October, the best growth pace since February 2015, according to IATA’s October Air Freight Market Analysis.
Mar 24, 2021
Spanish LCC Volotea has confirmed plans to open a new base at Olbia in Sardinia this summer, prompting a response from rivals easyJet and Wizz Air.
Mar 24, 2021
China Airlines is looking to strengthen its foothold in air cargo operations, increasing frequencies and adding new destinations in Asia and Europe.
Mar 23, 2021
A cross-section of groups from across the U.S. aviation industry called on the Biden administration to develop a risk-based roadmap for rescinding international travel restrictions by May 1.
Mar 23, 2021
International Airlines Group (IAG) said it had signed a revolving credit facility with a syndicate of banks for a total available amount of $1.755 billion.
Mar 23, 2021
EgyptAir’s CEO said the airline plans to seek a loan of between EGP5-7 billion ($317-445 million) from the Egyptian government this year.
Mar 22, 2021
Ethiopian Airlines is rolling out ‘Trusted Travel Pass,’ an African platform that verifies COVID-19 medical information and aims to harmonize entry and exit screening across the continent.
Mar 22, 2021
South African Airways (SAA) has cut its liabilities to R2.3 billion ($156 million) and cut 80% of its workforce, following a restructuring process that has lasted over a year.
Mar 22, 2021
Delta Air Lines announced a series of new routes and expanded frequencies to domestic beach and mountain destinations, as carriers brace for an…