The U.S. Transportation Department (DOT) has tentatively granted antitrust immunity to the proposed Delta Air Lines-WestJet transborder joint venture (JV), but with conditions that the carriers must accept.
Lufthansa plans to put large parts of group administration into “hibernation mode” between mid-December and the end of February 2021 and is making further operational cutbacks to deal with the much lower level of demand for air travel.
When Francisco Gomes Neto took over from Paulo Cesar de Souza e Silva as CEO of Embraer, the company was on a clear path. The pandemic changed everything.
Mexican ULCC Volaris successfully trimmed its losses in the 2020 third quarter (Q3), boosted by a rapid capacity restoration and the weakened financial state of its top rivals.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
Italian aircraft manufacturer Tecnam has partnered with Rolls-Royce to develop the nine-passenger P-Volt, an all-electric version of the P2012 Traveller regional aircraft.
Boeing is working on updating 747 flight computer software to eliminate an issue introduced in the software’s most recent version that causes both of the aircraft’s computers to reset in-flight.
Malaysia Airports has sued AirAsia X for MYR78.2 million ($19 million) in overdue charges, which comes as the long-haul LCC embarks on a MYR63.5 billion debt restructuring.
American Airlines and oneworld alliance partner International Airlines Group (IAG) are pushing for the creation of a travel corridor between the U.S. and the UK to speed the return of lucrative transatlantic flights.
Qantas is expecting its domestic capacity to ramp up significantly as more Australian state borders reopen, but the recovery is still slower than the airline had projected.
Alaska Air Group continues to bemoan the unattractive economics of its Airbus A320 family fleet, but the process of ridding itself of those airliners could take up to three years.
Decades ago, China began letting private investment into what had been 100% state enterprises. The usual approach, however, was for the state to share ownership of subsidiaries with outsiders while keeping full ownership at the group level.
American Airlines has reached an agreement with Boeing to defer delivery of up to 18 737 MAX airliners over the next two years, in a bid to further rein in spending following its third consecutive quarterly loss in 2020.
