Airbus is suspending the majority of is production in Spain following tighter measures introduced by the country’s government on March 29 to combat the spread of Covid 19. The Spanish Government measu...
Virgin Atlantic is widely expected to ask the UK government for an aid package worth several hundred million pounds as it attempts to battle the Covid 19 crisis. If so, Virgin would be the first UK ai...
The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it deals with the Covid 19 outbreak. This debt has been secured...
The Thai Minister of Finance said on yesterday that the government will inject a new round of cash bailout for Thai Airways, whose operations have been severally impacted the coronavirus pandemic. U...
Singapore airlines has launched a massive capital raising that will ad over $13 billion to the carrier’s balance sheet. Singapore is offering 5.3 billion Singapore dollars ($3.72bn) in equity and up t...
GAT completed the acquisition of five General Electric CF6-80C2B1F engines for part-out that will be immediately inducted for disassembly. The resulting used serviceable material (USM) will be directe...
Shortly after announcing that its facilities in Spain and France had returned to operations airframe maker Airbus has announced that it is reducing wing production in the UK and Germany. Production at...
The International Air Transport Association (IATA) strengthened its call for urgent action from European governments to provide financial relief to airlines. The latest IATA scenario for potential rev...
The air cargo market is not only one of the few silver linings in the aviation sector right now, and the prospect of surplus passenger aircraft should provide feedstock at an economic price for P2F co...
The International Air Transport Association (IATA) has written to the heads of government of 18 States in Asia-Pacific to appeal for emergency support to airlines as they fight for survival due to th...
Following Boeing's announcement to temporarily suspend production at its Washington state facilities, Spirit AeroSystems is to suspend Boeing work performed at its facilities in Wichita, Kansas, and i...
Alaska Airlines today announced plans to reduce its flight schedule for April and May by approximately 70% following historic and unprecedented falloff in demand related to the COVID-19 outbreak. Flig...
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