Aircraft lessor SMBC Aviation Capital’s interim pre-tax profit for the first half (H1) has fallen to $17.3 million—less than a tenth of the $200 million profit the company posted for H1 2019.
With air traffic flights and passengers drastically down in 2020, the 2019 top issues of aircraft emissions and “flight shame” have all but disappeared. But they will reappear just as soon as traffic recovers.
It is still unclear whether many airlines have the liquidity reserves and financing in place to survive the next year and emerge from the COVID-19 crisis.
The airline consultancy managing director talks about how liquidity is the key strategic commodity for airlines to keep their heads above water through the crisis.
The number of pre-owned business jet transactions is expected to steadily recover from 2020 through 2024, reaching 2,271 transactions worth $11.1 billion a year by 2024, according to a new forecast by Jetcraft, with growth expected in the large jet segment.
The U.S. and UK have signed a new bilateral Open Skies agreement, ensuring continuity in transatlantic air travel as the UK nears the end of its Brexit transition period.
Much delayed and technically challenged, the NASA-led development and prelaunch testing of the James Webb Space Telescope is now on schedule for an Oct. 31, 2021, launch, officials say.
More than 300 employees working at FAA air traffic control (ATC) facilities have contracted COVID-19 since the first positive cases were detected at Chicago Midway International Airport in March, the agency’s top ATC executive said Nov. 17.
Aer Lingus plans to jettison Stobart Air as the provider of its regional services, with the Irish national carrier opting to transfer the service to a start-up operator.
Cabin crew requiring recurrent training should be allowed to use real aircraft rather than the more common cabin mock-ups during the COVID-19 pandemic, according to EASA.
Boosted in the short term by the impacts of the COVID-19 pandemic, Boeing forecasts the air cargo market is set for solid growth over the next 20 years—driven by a surge in e-commerce traffic, a steady increase in air freight demand and an underlying drive towards lower cost, more sustainable aircraft.
Closed borders and quarantine requirements abroad have left Chinese vacationers little choice but to travel within the country, boosting domestic traffic in October beyond 2019 levels.
The airline industry and its main aircraft suppliers will be in survival mode at least through the upcoming winter season and until a broadly distributed COVID-19 vaccine allows public life worldwide to return to normal.
For the air transport industry, news of vaccine progress provides a glimmer of hope that the air travel recovery might come within the more optimistic forecasts.
United Airlines is continuing its push for COVID-19 testing to replace mandatory quarantines as the company concludes the flying experience itself is no longer viewed by passengers as an obstacle to travel.
The Netherlands has increased a new national flight tax that takes effect Jan. 1, while the European Commission has been scrutinizing aviation’s fuel-duty exemption and is expected to release its findings in 2021.
