JAL posts grim results; retires 777s
The JAL Group has reported a 74% decline in operating revenue to ¥194.7bn between April and September 2020. Pre-tax losses reached ¥223.9bn, with a net loss of ¥161.2bn. International passenger demand...
The JAL Group has reported a 74% decline in operating revenue to ¥194.7bn between April and September 2020. Pre-tax losses reached ¥223.9bn, with a net loss of ¥161.2bn. International passenger demand...
Mitsubishi Heavy Industries (MHI) has announced that given the impact of the COVID-19 pandemic on the aviation industry and the current development status, it has “no choice but to temporarily pause t...
ST Engineering, Airbus and their joint venture, Elbe Flugzeugwerke (EFW) achieved a key milestone in their joint A321 passenger-to-freighter (P2F) conversion programme in September this year with the ...
ANA Group has reported a loss of ¥280.9bn (approx. $2.7bn) for the six months ended Sept. 30, 2020. Operating revenue during the period fell by 72.4% to ¥291.8bn. The net loss attributable to owners ...
Singapore-based aircraft lessor, Avation, has retained PJT Partners as financial advisor and DLA Piper as legal advisor to assist with a collaborative dialogue with bondholders in relation to the Avat...
In September 2020, China Southern Airlines Group passenger capacity (measured by available seat kilometres (ASK)) decreased by 23.67% as compared to the same period last year. Of which, passenger capa...
AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit ($120.60 million) to restart the airline, according to the words of deputy chairman Lim Kian Onn who commented in a Mala...
Pakistan International Airlines (PIA) is set to lay off 3,000 employees and sell its non-core assets to reduce its debt burden and restructure the airline. PIA debt stood at Rs360 billion (US$2.2 bill...
In a surprise move, London investment fund Kalrock Capital and Dubai-based tycoon Murari Lal Jalan’s proposed revival of Jet Airways some 18 months after it filed for bankruptcy, has been approved by ...
Cathay Pacific Group’s combined traffic figures for September 2020 reflect the airlines’ substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and ...
Virgin Australia chief executive Paul Scurrah's position is under question following the airline's takeover by American private equity firm Bain Capital. This follows a union’s concerns that the new o...
Vietnam Airlines management stated yesterday that they had lost VND10.75 trillion (US$463.7m) in the first nine months of 2020. During the period, the airline recorded a combined revenue of nearly VND...
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