Eli Rozenberg and the El Al team certainly have their work cut-out: El Al reported a net loss of $531 million, while revenue fell 70% year-on-year to $623 million. The Israeli flag carrier’s latest r...
Norse Atlantic Airways, the new, Norwegian start-up airline, has confirmed that Bjorn Tore Larsen, Norse’s CEO, will subscribe for stock worth the equivalent of $10 million, while $64 million has been...
The European Commission has presented a proposal today to create a Digital Green Certificate, which will certify that a person has either been vaccinated against COVID-19, received a negative test res...
Not long after Norwegian bowed out of the low-cost long-haul market, a new competitor has emerged to fill the gap – and features the same founder member. Yesterday Norse Atlantic Airways reveals low-c...
AerCap has confirmed that it has entered into a definitive agreement with General Electric to acquire 100% of GE Capital Aviation Services (GECAS) for a total value of approximately $30bn. Under the t...
The rumours of a proposed merger between AerCap and GECAS broke over the weekend with a flurry of headlines. GE and AerCap stock jumped on the news in pre-trading so investors seem to like the idea. T...
Headlines everywhere seem to be focused on when people will be able to book holidays. In the UK, the media has been reacting to the prime minister’s indication that people perhaps shouldn’t consider b...
The United States has approved a further $14 billion bailout package to support the country's airlines and their workers through September 2021. The third bailout package is part of the $1.9 trillion ...
NATS and NAV Canada are now using the pandemic’s freeing up of the skies to test giving pilots free rein to chart their own flight paths between Europe and North America. NATS and NAV Canada, which ar...
Minneapolis-based Sun Country Airlines Holdings Inc. has filed for an initial public offering as planned. Sun Country will list its shares on Nasdaq under the symbol SNCY. Sun Country, backed by Apoll...
Wadia Group has brought back it’s Rs3,000 crore (US$411m) IPO plans for GoAir and has appointed Citigroup, Morgan Stanley and ICICI. That is a reduction of 40% on the original asking price in 2019 pri...
Getting people back into the air will inevitably involve price reductions, but fuel prices are beginning to creep higher, even though most of the global economy remains in lockdown. Oil prices hit a o...
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