Coronavirus

SAS

SAS secured SEK3b line of credit line from major shareholders and governments of Denmark and Sweden to enhance liquidity.
Air Transport

By Adrian Schofield
The Indian airline industry is now poised for a period of ownership shifts, with some moves prompted by the latest travel slump.
Airlines & Lessors

LAX

LAX handled 3.1m pax in April, down 57% vs April 2019; cargo rose 32%.
Air Transport

NORWEGIAN emerged from Examinership. It has reduced total debt since end of 2019 by about NOK63-65b, discontinued its long haul operations, cut fleet
Air Transport

IATA is projecting global pax numbers will recover to 52% of pre-COVID-19 levels (2019) in 2021, to 88% in 2022 and to 105% in 2023; with 5.6b pax
Air Transport

By Adrian Schofield
The Sri Lankan government has announced it will allow international passengers to enter the country again, after a temporary ban due to increased COVID-19 concerns.
Safety, Ops & Regulation

GE AVIATION has discontinued development work on its Affinity twin-shaft, twin-fan turbofan for Aerion AS2 supersonic business jet following shut down
Business Aviation

By David Casey
Azul revealed the agreement has now been terminated and the airline has instead hired advisors to explore industry consolidation opportunities in the region.
Airlines & Lessors

VIVA, Colombia launched new brand (dropped "Air") and accompanying growth plans, expecting to open 15 new international routes in the next three years
Air Transport

DHL EXPRESS is setting up new cargo airline in Austria for 4Q21 to operate intra-European flight services using 757-200PFs transferred from DHL Air UK
Air Transport

QANTAS added seven new domestic routes (E190), increasing total routes added since start of pandemic to 45; and is deploying 787-9 on Sydney-Perth and
Air Transport

SMBC AVIATION CAPITAL earned $15.2m for year ended March 31. It closed $3b of new transactions with leading airline credits, equating to 29% of its
Air Transport

SMBC AVIATION CAPITAL ordered 14 LCC-configured 737-8s for delivery late 2021-2022 to increase its MAX portfolio to 121.
Air Transport

By Lori Ranson
Canada's airlines are adding back capacity more slowly than carriers in other countries, including the US.
Airports & Networks

A trend among airlines of phasing out four-engine widebody aircraft in favor of smaller, more fuel-efficient two-engine aircraft, including
Air Transport

With vaccinations being rolled out globally and countries slowly exiting lockdowns, airlines are anticipating an uptick in summer. But months after
Air Transport

IBERIA (IAG) unveiled its 4-year Next Chapter plan to focus on emerging from COVID-19 pandemic, based on four pillars around developing Madrid hub to
Air Transport

By David Casey
American Airlines and United Airlines are to increase service to Spain after the European country’s government confirmed that borders would reopen from June 7 to travelers who have been fully vaccinated.
Airlines & Lessors

DUBLIN AEROSPACE earned €2.6m on €42.8m revenues for year ended Sep 30 vs €5.7m on €51m a year ago. It established its first overseas MRO subsidiary
MRO

AEROCENTURY had $5.4m net loss on $2.5m revenues in 1Q21 vs $10.2m loss on $4.8m in 1Q20; result included impairment losses totaling $6.7m, arising
Air Transport

AERION SUPERSONIC has shut down due to current financial environment that has prevented access to the necessary large new capital requirements to
Business Aviation

By Adrian Schofield
Indian airline IndiGo has announced an order for 620 CFM International LEAP-1A engines—a move that reinforces the LCC’s intention to take delivery of all of its massive orderbook of Airbus narrowbodies.
Airlines & Lessors

By Helen Massy-Beresford
The EU COVID certificate will be a digital or paper document showing COVID-19 vaccination status and test results, the aim of which is to encourage a recovery in European travel.
Safety, Ops & Regulation

By Victoria Moores
UK Prime Minister Boris Johnson has announced plans to create a “Global Pandemic Radar” in partnership with the World Health Organization (WHO) to track emerging diseases and avert a repeat of the COVID-19 crisis.
Airlines & Lessors

By Adrian Schofield
Domestic capacity will reach 95% of pre-pandemic levels in the current quarter, the airline said.
Airports & Networks