GOL cancels 34 737MAXs
Brazil carrier GOL has cancelled 34 737 MAX orders from Boeing and reached agreement on an unspecified amount of cash compensation from the US airframe maker. In the first quarter of 2019, the unexpec...
Brazil carrier GOL has cancelled 34 737 MAX orders from Boeing and reached agreement on an unspecified amount of cash compensation from the US airframe maker. In the first quarter of 2019, the unexpec...
KfW and TUI have signed the state aid bridging loan for €1.8 billion. The loan had been committed by the German Federal Government on March 27, as part of the COVID-19 state support program. TUI's cur...
The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared t...
The US Treasury department has reached an agreement with the US airlines that will enable the sector to receive billions of dollars of aid to cover payroll costs during the coronavirus pandemic. The ...
Singapore Airlines has received in-principle approval from the Singapore Exchange (SGX) for its proposed rights issue amid the Covid-19 pandemic. SGX has allowed the listing and quotation of as many a...
Air Canada today said it is reconfiguring the cabins of three of its Boeing 777-300ER aircraft to give them additional cargo capacity. The first aircraft conversion is complete and is now in service, ...
Boeing has hired investment banks Lazard and Evercore Inc to assess potential US government assistance or private sector loans, according to the Wall Street Journal. The airframe maker asked last mont...
Finnair and Shanghai-based Juneyao Air have signed a Letter of Intent to deepen their cooperation between China and Europe subject to required regulatory approvals. The aim is to establish a joint ven...
Wizz Air is currently operating at 3% of its pre-Covid 19 capacity the central European LCC said in a market update released today. The firm recently announced March 2020 traffic of Wizz Air was down ...
Suggestions that the US government should take equity stakes in airlines as part of the aid package for the countries aviation sector is a “bad idea”, according to Richard Rahn, chairman of the Instit...
Ethiopian Airlines chief executive Tewolde Gebremariam said on Tuesday the airline lost $550 million from January to April because of the coronavirus outbreak, according to Reuters. “Due to coronaviru...
UK-based environmental lobbyists Stay Grounded has issued an open letter calling for governments to reject airlines bailouts and instead focus on workers’ rights and environmental issues related to th...
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