The European Commission is launching an in-depth investigation into Air Canada's deal to buy travel company Transat as part of concerns the deal may reduce competition and result in higher prices, wit...
Air Canada is launching a C$500 million share offering and a concurrent marketed $400 private placement of convertible senior unsecured notes as it seeks to shore up its balance sheet in the face of C...
EasyJet’s chief financial officer Andrew Findlay is to step down from his position at the LCC. EasyJet said that Findlay would exit the firm in May 2021, after serving his 12-month notice period. Prio...
ATR and Finnair have signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic – will benefi...
Following on from parent company Lufthansa receiving a bailout from the German government its subsidiary Austrian has similarly secured aid from its domestic government, according to reports by local ...
Fitch Ratings has downgraded LATAM Airlines Issuer Default Rating (IDR) to D following news that it was entering in Chapter 11 bankruptcy protection just days after the agency knocked the carrier down...
Air New Zealand is planning to ground its entire Boeing 777-200 and 777-300 fleet until at least the end of calendar 2020, according to earnings update released to the domestic stock exchange. In the ...
Mitsubishi Heavy Industries, parent company of Mitsubishi Aircraft, has closed two of its three US facilities in related to the development of its business focussed SpaceJet aircraft programme. Mitsub...
LATAM Airlines Group announced that it will voluntarily file to reorganise under Chapter 11 protection in the United States in a release to the Chilean stock market. The Chapter 11 move involves subsi...
Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further t...
Ryanair said on Friday it would shut down the main Vienna base of its Lauda subsidiary on May 29 after it failed to agree new labour contracts with the union. Ryanair said earlier in May that the gro...
According to analysis by the International Air Transport Association (IATA) the impact of COVID 19 on the aviation sector could see total debt balloon to $550 billion by the end of 2020 – a $120 billi...
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