LCC IndiGo has agreed to a sale and leaseback deal with lessor GECAS covering 14 CFM LEAP-powered Airbus A320neos, as India battles a crippling second wave of coronavirus infections.
Airlines welcomed comments by European Commission (EC) President Ursula von der Leyen in which she said the European Union would allow unrestricted travel for U.S. travelers who have been vaccinated.
The European Commission has allowed the transfer of €462 million ($560 million) in COVID-19 pandemic damages from the Portuguese state to TAP Air Portugal but the airline is still waiting on EC approval for its turnaround plan.
ACI World director general Luis Felipe de Oliveira has warned that the industry is still “bleeding” as a result of the pandemic and continues to face an existential threat.
The air travel bubble (ATB) connecting Singapore (SIN) and Hong Kong (HKG) will finally open on May 26, nearly six months after the initial launch was postponed after cases surged in the Chinese special administrative region.
Seven of the top 10 airports for passenger traffic during 2020 were in China, with Guangzhou (CAN) replacing Hartsfield-Jackson Atlanta (ATL) as the world’s busiest.
The recovery of air traffic in India is going backward as the country experiences a second wave of coronavirus cases that is proving more rampant than its first outbreak in 2020.
Groups representing smaller and low-cost carriers say federal lawmakers would be wise to lay off any potentially costly rules—at least for the time being—to allow airlines a fighting chance to get back to their pre-pandemic financial status.
As some major airlines from Latin America and Caribbean are now operating under Chapter 11 bankruptcy protection, several airports in the region risk losing connectivity as carriers remove unprofitable routes.
Virgin Atlantic should be flying its full fleet again by October or November, according to its CEO, who predicted yields would start to stabilize from the start of 2022.
Emirates Group is entering into talks with the government of Dubai about further financing options to shore up liquidity in case the recovery of air travel continues to be much slower than expected.
Austrian aerospace supplier FACC has developed an antimicrobial surface coating for aircraft cabins that it hopes will boost its position in aftermarket services.
The Australian Federal Court ordered Garuda Indonesia to pay a fine of A$19 million ($14.7 million) to Australia after dropping its appeal for a price-fixing case.
It is “highly unlikely” that NASA will return to the Moon’s surface with human explorers in 2024 due to technical, budget and workplace constraints linked to the COVID-19 pandemic, the agency’s inspector general says.
Spanish regional carrier Air Nostrum has been forced to ask for loans from a fund managed by state holding company SEPI, requesting €103 million ($124 million) which the company plans to repay in seven years.
Philippine carrier Cebu Pacific has received a $250 million cash injection in the form of convertible bonds from International Finance Corporation (IFC), IFC Emerging Asia Fund and Indigo Philippines LLC, a subsidiary of serial US airline investor Indigo Partners.