United Airlines has secured an additional $5 billion in a transaction backed against its MileagePlus loyalty programme, which when added to its previously announced credit facilities and CARES Act cas...
As part of broader cost series of cost-cutting measures Airbus’ has scaled back ambitions for its wholly-owned Skytra derivatives trading venue, which aimed to provide hedging services to airlines for...
On June 4, Spirit AeroSystems received a letter from Boeing asking it to pause additional work on four 737 MAX shipsets and avoid starting production on sixteen additional units due for delivery in 2...
Heathrow has said that employment numbers at the airport are unsustainable due to the UK’s 14-day quarantine rule, with passenger numbers in May 97% down on the same period last year putting an unspec...
Fitch Ratings says General Electric Company's (GE) $1.5 billion add-on to its previously issued $2,250 million of 4.35% senior unsecured notes due 2050 and GE Capital Funding, $1.5 billion add-on to i...
The European Commission has approved, under EU State aid rules, Portugal's plans to grant a €1.2 billion rescue loan in favour of Transportes Aéreos Portugueses (TAP), according to a statement earlier...
Research with industry executives led by Cranfield University found that COVID 19 is likely to lead to a smaller, consolidated aviation sector in the future. The research – involving a series of in-de...
Finnair has launched a €500 million rights issue a month after securing a €600 million state-backed loan. The Finnish carrier’s Asia focussed long haul business model has left it exposed during the CO...
Jet fuel prices in Singapore, Asia’s main commodity trading centre, are rising and indicate a potential rebound in air passenger demand in East Asia, according to data from S&P Global Platts. Followin...
The Hong Kong government has agreed to pay $5 billion for a 6.1% stake in Cathay Pacific as the carrier bleeds $38 million a month due to the COVID 19 pandemic grounding its fleet. Even ahead of a gov...
France’s government has turned on the taps for the domestic aviation industry by stumping up another €8 billion for the broader domestic industry on top of the €7 billion already pledged to Air France...
Austrian Airlines has committed to cutting carbon emissions by half by 2030, with further reductions planned after that date, as part of a €600 million state aid package to support the carrier through...
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