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...
The European Union has waded-in on the state aid wrangling at Air France-KLM. The EU has insisted that the airline group must give-up 24 Paris ORY slots in return for further state aid. That lead to A...
Boeing sold $9.825 billion of bonds yesterday, as it looked to refinance its over-levered balance sheet. Boeing is borrowing to repay a portion of the $13.8 billion loan it drew down at the onset of t...
The Boeing 10-K filing last week cut the backlog for its 777X to 191 orders - 38% fewer than previously thought. Boeing has seen demand fall away for large expensive aircraft as airlines fight for sur...
ICAO has confirmed that international passenger traffic fell 60% during 2020, bringing air travel totals back to 2003 levels. ICAO data shows that seat capacity fell by 50% last year, with just 1.8 ...
HNA Group stated today in a post that the Group received a notice issued by the Hainan Provincial Higher People’s Court that creditors had applied to the court for bankruptcy proceedings to begin “due...
Law firms acting for Cairn Energy will see Air India aircraft seized if they venture out to any jurisdiction where UK courts can place a seizure order on the same – which is a substantial part of its ...
US airlines have reacted with relief to the passage of a new package of government aid for the airline sector. Both the House and the Senate have now passed the new pandemic aid programme that allows ...
2020 has been an unprecedented year for us all but the aviation industry has been particularly hard hit by the coronavirus pandemic. As businesses strive to cut costs to survive the health crisis, dif...
Following the identification of a new variant of the coronavirus, many countries are banning international travel from the UK. France was the first country to close its border with the UK and has also...
Transport Canada has validated the changes to the Boeing 737 MAX aircraft recently certified by the US Federal Aviation Administration (FAA). This means that the modifications can now be incorporated ...
We're Social