A combination of watertight leasing contracts and management experience of market downturns makes lessors better placed to deal with the Covid 19 pandemic than their airline customer base, according t...
Despite IATA warning that airlines globally are facing losses of $314 billion in 2020, a 55% decline compared to 2020, the US government’s $58 billion CARES package, is by-far largest aid deal so far...
Major American airlines have asked the US Treasury to move quickly to release up to US$58 billion in government grants and loans and recommended a formula to divide up the money, according to Reuters....
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...
The US Senate voted through a financial stimulus package that included nearly $60 in aid for the country’s airline sector, although caps on senior management pay and share buybacks are attached. The g...
Boeing’s long-term credit rating was downgraded two notches at Fitch Ratings, which cited the "rapid escalation" of the coronavirus pandemic and the effect it's having on the airframe makers business....
AJW Group management of aircraft spares specialist, has purchased CFM56-5B4 engine for teardown in support of expanding engine management programmes. The high-quality engine parts will be stored at AJ...
Air Canada will operate six special flights from Lima, Barcelona and Quito this week to enable Canadians stranded abroad to return home. The flights, operated in collaboration with the Government of C...
The US Government ban on air travel between Europe and the United States could cost US$2bn in lost revenue over the ban’s 30-day period, according to travel data and analytics firm Cirum. Cirium data ...
Tech firm Sabre Corporation is taking significant measures to strengthen its financial position in response to the current industry conditions. “This is an unprecedented time. The global travel indust...
GE Aviation is planning to lay off 10% of its total U.S. workforce while reducing working hour for about 50% of its MRO employees for the next 90 days. Additionally, David Joyce chief executive of G...
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