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.

Bombardier plans to improve the profitability of its flagship Global 7500, boost aftermarket sales and increase annual revenue by $2 billion in five years as it shifts to a pure-play business jet company following the sale of its rail business in January, the company said during a Virtual Investor Day.

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.

The arrival of vaccines has airlines hoping they will begin to emerge from their worst crisis. But what will the industry look like?

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 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.

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. 

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.