Given the massive financial losses at many European hubs as a result of COVID-19, Vienna Airport (VIE) got off relatively lightly in announcing a loss of €76 million ($90 million) for 2020.
An airline industry association has reportedly drafted a proposal to include federal funding of modern avionics in U.S. President Joe Biden’s expected trillion-dollar infrastructure package.
Saudi Arabian Airlines (SAUDIA) has signed a major financing agreement worth SAR11.2 billion ($3 billion), the largest of its kind in Saudi Arabia’s aviation sector history.
Australia’s competition watchdog has dismissed claims by Regional Express (Rex) that Qantas’ entry into thin regional domestic routes is anti-competitive.
International Airlines Group (IAG) plans to issue two series of senior unsecured bonds as it seeks to bolster its financial position in the continuing coronavirus pandemic.
The U.S. Transportation Department (DOT) is now requiring Hong Kong-based Cathay Pacific to file its U.S. flight schedules with the agency so it can determine if the company’s operations are creating adverse conditions.
Fraport, operator of Frankfurt Airport and 30 other airports globally, has confirmed that Frankfurt’s new Terminal 3 will not be ready for operations until 2026, the latest in a series of delays to the building.
Hybrid-electric pioneer Ampaire plans to conduct the UK’s first electric regional flight following a successful bid for funding support under the government’s £125 million ($174 million) Future Flight Challenge.
Airbus, Rolls-Royce, Neste and German research center DLR have teamed for the world’s first inflight study of the effects on emissions and performance of using 100% sustainable aviation fuel (SAF) on a widebody passenger aircraft.
Qatar Airways Cargo wants to speed up the digitalization of air cargo in 2021, saying that the industry has taken too long to improve its way of doing business.
The board of China Airlines has promoted senior VP Kao Shing-Hwang to president, replacing Hsieh Su-Chien who has been double-hatting as chairman and president since April 2019.
AirAsia Group has raised MYR336.5 million ($82 million) following the completion of a two-tiered private share placement, part of a broader plan to raise MYR2-2.5 billion to save the struggling LCC operator which has been battered by the pandemic.
U.S. passenger airlines recalled approximately 26,000 full-time employees after Congress extended the payroll support program (PSP) in December 2020, new data from the Bureau of Transportation Statistics (BTS) reveals.
ATR’s earlier hopes that regional turboprops would spearhead the recovery have yet to materialize, and management now only expects a slight upturn this year on the extremely slow sales it reported for 2020.
High-rate composites manufacturing technology for the aerospace, automotive and air mobility industries is at the heart of a £90 million ($125 million) UK government-industry investment in five research and development projects.
The European Commission (EC) has approved a state loan to another European flag-carrier as a result of the coronavirus pandemic wreaking havoc on airline finances.
A year after the coronavirus pandemic forced airlines to shut down much of their operations, governments have pumped $215 billion in financial support into the sector, according to IATA.
