Days after Boeing announced a production halt of the 737 MAX, the three major U.S. credit rating agencies have turned slightly negative on the manufacturer with new outlooks that stress growing demands on the company’s credit access and softening cash prospects.
Following Boeing’s announcement that it would temporarily halt production of the 737 MAX, its large and small suppliers are assessing the potential impact to their operations.
Central and Eastern European LCC Wizz Air has announced two finance department changes, which will see existing CFO Iain Wetherall becoming chief investment officer and aviation industry newcomer Jourik Hooghe joining the airline as EVP and group CFO.
European destinations are leading expansion in long-haul travel to and from China as growth in the North America market plummets, figures from China’s dominant aviation IT company show.
Malaysia Airlines Bhd. (MAB) and Japan Airlines (JAL) are set to launch a joint venture (JV) on routes between their countries in 2020, after gaining approval from regulators.
Philippine LCC Cebu Pacific announced in a stock exchange filing that it has signed a purchase agreement with Airbus for 10 Airbus A321XLRs and five A320neos.
Abu Dhabi International Airport (AUH)—already on the verge of major expansion with the opening of its massive Midfield Terminal in 2020—has agreed to a significant new cargo facility with DHL Express.
The Slovenian government is unlikely to create—or take a substantial role in—an airline to replace failed national carrier Adria Airways, Slovenian Prime Minister Marjan Šarec is reported as saying.
Spirit Airlines has begun retrofitting its all-Airbus fleet with newly-designed seats in a bet that passenger comfort can be enhanced without budging on seat pitch.
European tour operator TUI Group has confirmed it has taken a €293 million ($320 million) hit as a result of the Boeing 737 MAX grounding for its fiscal 2019, which ended Sept. 30.
Airbus is not benefiting from Boeing’s ongoing 737 MAX troubles, including the U.S. manufacturer’s Dec. 16 decision to suspend production of the type, Airbus chief commercial officer Christian Scherer said.
British Airways (BA) and China Southern Airlines finalized a joint venture (JV) agreement Dec. 17 to expand each other’s network and implement reciprocal frequent flyer benefits.
South Korea’s largest LCC Jeju Air has committed to buy a majority stake in Eastar Jet, in what could be a major step toward consolidation in the country’s crowded LCC market.
Delta Air Lines is the latest carrier to sign a long-term offtake agreement for sustainable aviation fuel (SAF) as the long-awaited scaling up of supply begins to gather momentum.
