Ailing LCC Norwegian Air has won support from shareholders, bondholders and aircraft lessors for a 10bn kroner ($1billion) debt-for-equity swap. At an emergency AGM today he airline’s shareholders vot...
Air Canada today reported an operating loss of $433 million compared to operating income of $127 million in the first quarter of 2019. At March 31, 2020, unrestricted liquidity amounted to $6.523 bill...
The Thailand government has given a $1.8 billion bailout for struggling flag carrier Thai Airways. According to local media The State Enterprise Policy Committee meeting approved “in principle” the p...
WestJet has reached an agreement with the Airline Pilot Association (ALPA), to save more than 1,000 pilot jobs at WestJet, WestJet Encore and Swoop amidst the COVID-19 crisis. The airline had previous...
British Airways plans to make heavy cuts to its Gatwick airport operation as part of 12,000 redundancies. The airline has informed staff of detailed plans after it announced earlier this week that it ...
The impact of the precipitous decline in passenger numbers due to COVID 19 is likely to be permanent and means the aviation sector could meet the 2050 CORSIA emissions reduction goal as early as 2030,...
In a statement, Boeing said that it was “pleased with the response to our bond offering”. That’s an understatement since reports state that the $25bn bond offering, across seven tranches, ranging from...
Boeing will resume 787 operations at Boeing South Carolina, with most employees returning on May 3 or May 4. The return includes all operations that were temporarily suspended on April 8 in response t...
Bombardier has begun the process of recalling most of its Canadian based employees that were placed on furlough following government mandates enacted to slow the spread of COVID-19. Suspended manufact...
From May 4 US carrier JetBlue will require all passengers to wear a face covering during travel, aircrew are already required to do so. JetBlue’s policy is the result of following CDC guidelines that ...
Argentina’s Civil Aviation Authority (ANAC) issued a decree on Monday banning ticket sales for commercial flights to, from or within the country until September 1 due to COVID 19. Argentina closed it...
Southwest Airlines has priced a new offering of 70 million shares of common stock at $28.50 per share – upsized from 55 million – and $2bn of convertible, five-year senior notes, at 1.250%, which was ...
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