Lufthansa Cargo (LHC) said that it is prepared for the next downturn in the air cargo business when it happens after the company presented the best results in its 26-year history following an unprecedented year.
Philippine carrier Cebu Pacific has signed a PHP16 billion ($329 million) 10-year loan facility with six domestic banks, just weeks after raising PHP12.5 billion through a rights issue that was finalized in February.
Boom Supersonic has secured a strategic investment from the venture capital arm of American Express which will support development of the Denver, Colorado-based aerospace company’s Mach 2-plus 88-seat Overture airliner project.
Delta Air Lines said it will budget more than $30 million to offset 13 million metric tons of carbon dioxide (CO2) emitted in the last 10 months of 2020.
Despite some near-term uncertainty created by a second wave of COVID-19 infections in Brazil, Azul is maintaining a positive outlook, particularly as vaccinations become more widespread in the country.
The Biden administration is picking up on a British goodwill gesture associated with the long-running World Trade Organization (WTO) dispute between Europe, Airbus, the U.S., and Boeing over illegal subsidies to build large commercial aircraft.
Airline maintenance needs fell along with demand for passenger flights, with the drop in internal revenue outpacing that generated by third-party work.
The COVID-19 crisis hit Etihad Airways just as the Abu Dhabi-based carrier was starting to see the fruits of a transformation program that began in 2017.
Ryanair hopes to fly up to 70% of 2019 passenger numbers this summer if governments exempt from quarantine travelers who have received a COVID-19 test or vaccine.
Lufthansa subsidiaries Austrian Airlines and Swiss International Air Lines (SWISS) have reported substantial losses for 2020 and further fleet reductions at both carriers are possible.
Kelly Ortberg’s quiet departure from the executive ranks of Raytheon Technologies was a jolt to some veterans in the aerospace business community, where he has long been regarded as an exceptional talent in the prime of his career.
The Oceania region continues to have strong underlying demand factors that will help drive the rebound in traffic and aircraft deliveries in the post-pandemic period, according to Boeing’s latest forecasts.
Talks with the European Commission on plans for a second Air France bailout will last as long as is necessary to reach a fair agreement, French transport minister Jean-Baptiste Djebbari said March 4.
Lufthansa Group plans to phase out eight long-haul aircraft types over the next few years and sees no prospect of returning the Airbus A380 or A340-600 back to service.
The European Court of Auditors (ECA) has launched an audit to examine whether air passenger rights have been safeguarded effectively during the COVID-19 crisis.
Deloitte last week announced agreements with American Airlines and Delta Air Lines to reduce its carbon emissions through investments in sustainable aviation fuels (SAF).
Close to 200 European airports are facing insolvency because of the drastic drop in passenger traffic over the past year, according to airports body ACI Europe.
The Air Traffic Controllers European Unions Coordination (ATCEUC) is urging the European Council to repeal the European Commission’s (EC) proposal on the consolidation of the Single European Sky (SES) project.
