Shares in AMR Corp, parent of American Airlines, closed down 33% yesterday as fears spread the airline was facing bankruptcy. The company has denied rumours it is seeking bankruptcy protection but ...
Airlines are urging the Federal Aviation Administration to accelerate the use of on-board satellite-based navigation systems following the industry-government report released last week that set out th...
An industry-government advisory committee has recommended the government should help airlines through loans to install new equipment in their planes to use the FAA's Next Generation Air Transportation...
Uniformed pilots are staging their own protest outside of Wall Street complaining about poor pay. First year pilots on average are paid a little more than $36,000 although some can make as little as $...
Air Lease Corporation (ALC) has ordered two new ATR 72-600 regional turboprop aircraft. This order is the conversion of two options placed in an order in 2010 for ten ATR 72-600s, plus 10 options. The...
Air Canada's transatlantic traffic rose 11.6% in the second quarter and 4.4% in July, however overall July traffic rose 13.3%. Air Canada has been impacted by the launch of Air France/ KLM A380 servic...
Avianca has ordered four Airbus A330-200 Freighters for operation by cargo subsidiary Tampa. Avianca will become the first Latin America operator to receive the A330-200 Freighter, which will replace ...
President Obama proposed an increase in airline passenger duty last week. Obama proposes imposing a $100 fee on each commercial airliner and corporate jet every time they take off; raising the per-pas...
Boeing has confirmed it will not follow Airbus to further increase production beyond the target of 42 aircraft a month, warning against flooding the market with too many passenger jets to meet Asian d...
Aviation Capital Group Trust, an aircraft securitization special purpose vehicle (the Trust), has commenced a solicitation of consents of the holders of the Class A-1 Notes, Class B-1 Notes, Class C-1...
Credit-default swaps for AMR Corp, parent company of American Airlines, rose to 49.5% upfront yesterday from 29.25% on August 1, suggesting the market considers the airline to be struggling, if not in...
LAN Airlines is still reviewing the conditions imposed on its proposed merger with TAM by Chilean anti-trust body TDLC, but it has indicated that it considers them to be “flawed”. LAN has asked TDLC t...
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