American Airlines will furlough up to 19,000 employees on October 1, the airline said in a memo to staff on Tuesday, unless Congress extends the CARES Act's payroll support program. “Today is the hard...
Qantas has announced that it will cut 4,000 workers (6,000 planned) in order to try and survive the COVID-19 crisis after it posted an annual loss of A$2bn ($1.43bn). Alan Joyce confirmed what we all ...
Air bp and Neste are looking increase production of sustainable aviation fuels (SAF) five-fold by 2021, compared to 2019 levels, just as European governments start bringing in requirements for carrie...
The Indian government’s plans to offload Air India may be ambitious if analysis of the current outlook by market expert Satyendra Pandey, previously, head of Strategy for GoAir is correct. He says th...
Despite rent collection levels trailing its peers, Irish lessor FLY’s bonds are trading at a wider premium than their underlying credit strength implies, according to an analyst note by JP Morgan. FLY...
The low cost business model is best placed to whether the COVID 19 pandemic’s impact on airlines’ balance sheets, according to S&P Global Ratings, whose latest analyst report leaves just three carrier...
International Airlines Group (IAG) has announced a rights issue of up to €2.75bn billion to boost its liquidity and reduce leverage. Goldman Sachs, Morgan Stanley and Deutsche Bank are acting as unde...
It has now been confirmed publicly that MUFG Bank’s acquisition of DVB’s Aircraft Asset Management (AAM) and DVB Aviation Investment Management (AIM) businesses has not been completed due to “regulato...
Rolls-Royce’s new five-year term-loan facility, underwritten by a syndicate of banks and guaranteed 80% by the UK Export Finance, marks the start of increased ECA activity in the UK aviation sector, a...
The Council of ICAO today agreed to use 2019 emissions instead of 2020 figures as baseline for the CORSIA implementation during its pilot phase from 2021 to 2023, to avoid “inappropriate economic burd...
Spanish flag carrier Iberia has rescheduled orders of 11 A320neos and 13 A350s as well as announcing the accelerated retirement of its entire A340-600 fleet. Iberia hasn’t announced details of the new...
IAG plans announced early in May to reduce the size of its fleet over the next two years is “drastic” in comparison with other major carriers, according to an equity analyst note by Jefferies. Jefferi...
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