The big aircraft-leasing players are fond of saying that large, geographically diversified customer lists are the key to keeping aircraft busy and revenue flowing in.
Boeing formally has decoupled restarting production of the 737 MAX from the recertification effort for the grounded narrowbody, and the OEM and leading supplier
Lessors across the industry are dutifully managing requests for payment deferrals from a majority of customers, but other issues created by the global pandemic are proving more difficult to handle.
Further glimmers of light at the end of the pandemic tunnel have come from a trio of carriers announcing the resumption of services over their networks.
Turkey’s TAV Airports company has signed a share purchase agreement to acquire 100% shares of Kazakhstan´s Almaty International Airport, together with its consortium partner VPE Capital.
Star Alliance member EgyptAir and hybrid LCC Air Cairo have signed an MOU to enhance their strategic positioning and integrate their network and fleet, in an effort to overcome the repercussions of the spread of COVID-19.
Latvia’s Cabinet of Ministers has approved the investment of up to €250 million ($272 million) in airBaltic’s equity to help the national carrier through the COVID-19 pandemic.
Swiss International Air Lines (SWISS) must cut costs by 20% under a new business plan after Switzerland’s federal councils approved a CHF1.3 billion ($1.3 billion) commitment loan for SWISS and its leisure company Edelweiss Air.
A former Royal Air Force chief has been selected to become the future chairman of the UK Civil Aviation Authority. Sir Stephen Hillier, who served as Air Chief Marshall of the Royal Air Force between 2016 and 2019, is set to become a nonexecutive chair of the regulator on Aug. 1, taking over from Dame Deirdre Hutton, the current chairman who has been in the role for the past 11 years.
Ahead of its full year financial report on May 14, Singapore Airlines (SIA) has put out a stock announcement saying it is expecting a net loss for fiscal 2019-2020, including a material operating loss for the last quarter between January and March.
Air New Zealand has revealed plans to restore many of its domestic routes when the country’s travel restrictions are reduced, which could occur within the next week.
Calls have been growing in Europe for airline bailouts to include environmental conditions and before the COVID-19 crisis, the French government was among those calling for greater sustainability efforts from airlines in recent months, introducing an eco-tax on flights departing France from the start of 2020.
A jump in retirements of older passenger aircraft linked to the coronavirus pandemic will boost not just legacy conversion programs such as the Boeing 767, but also emerging ones, including the Airbus A321, Air Transport Services Group (ATSG) president Rich Corrado said.
International Airlines Group (IAG) plans to take delivery of 68 fewer aircraft until 2022 and is considering accelerated retirement of sub-fleets to bring its capacity in line with what it expects will be subdued demand over a long period of time.
Vietnam Airlines plans to restore all of its domestic routes by June, which would mark a rapid rebound from the suspension of all but a handful of flights in April.
The recent decision by Brazil’s largest domestic airline GOL to cancel orders for 34 Boeing 737 MAX narrowbodies has coincided with a compensation payment from the airframer, bolstering GOL’s cash balances to withstand the COVID-19 pandemic.
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19.
Air France-KLM posted a net loss of €1.8 billion ($1.95 billion) for the first three months of the year, hit by the devastating impact of the COVID-19 coronavirus crisis on its operations.
