Qantas has issued an AUD $500 10-year unsecured bond issue after holding talks with potential investors last week. The bonds were priced at 5.25%, lower than a number of other carriers which have rece...
Troubled LCC, Norwegian Air is looking to secure funding this year to see it through the next 18 months, it said after reporting H1 losses of $610 million. During the first half of 2020, 5.31 million ...
LCC Ryanair has the challenged state aid packages, such as the €1.2 billion secured by TAP ,and multi-billion euro deal given to Air France-KLM, in the European Court of Justice, according to Portugu...
Moves by US carriers to rethink their fleet strategies and route networks, and retiring more aircraft than usual, will likely accelerate fuel efficiency improvements, which Delta and Southwest are bes...
Air New Zealand has recorded a $338 million aircraft impairment charge related to grounding of the Boeing 777-200ER fleet “for the foreseeable future” as the carrier reported a loss of $87 million for...
American Airlines will furlough up to 19,000 employees on October 1, the airline said in a memo to staff on Tuesday, unless Congress extends the CARES Act's payroll support program. “Today is the hard...
UAE carriers, Emirates and Etihad Airways, have once more asked cabin crew to take voluntary unpaid leave as they look to manage the impact of the COVID 19 pandemic, according to internal memos seen b...
Aeroflot today announces operating results for Aeroflot Group and Aeroflot – Russian Airlines for July and 7M 2020. In July 2020, Aeroflot Group carried 15.8 million passengers, 54.2% down year-on-yea...
Virgin Atlantic is awaiting the outcome of a key vote from its creditors on a £1.2 billion restructuring plan. The firm is "fundamentally sound" but a restructuring and fresh cash injection is critica...
Finnair has finalised a sale and leaseback arrangement for one of its A350 aircraft with Nomura Babcock & Brown, and BBAM Aircraft Management as an arranger and lease servicer. In the arrangement, Fin...
With immediate effect, Lufthansa Group airlines including Lufthansa, SWISS, Austrian Airlines and Brussels Airlines will remove rebooking fees. From today, until the end of December 2020, all fares ca...
Virgin Atlantic became the second carrier after Emirates to offer free COVID insurance on its flights as the struggling airlines looks to reboot its business in the face of the pandemic. The carrier i...
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