Thomas Cook in ‘advanced discussions’ for £750 million cash injection

Thomas Cook in ‘advanced discussions’ for £750 million cash injection

🕔08:58, 12.Jul 2019

Thomas Cook is in ‘advanced discussions’ with its largest shareholder, and its banks, about an injection of £750 million. The talks with largest shareholder, Fosun Tourism Group, would provide liquidity for Thomas Cook to trade over the Winter 2019/20 season

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Ryanair COO to step down at the end of 2019

Ryanair COO to step down at the end of 2019

🕔14:49, 11.Jul 2019

Ryanair has announced its chief operations officer Peter Bellew is to step down at the end of the year. The announcement was made in a memo by chief executive officer Michael O’Leary, as first reported by Reuters. Joining Ryanair in

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Air Lease Corporation leases two Airbus A321-200 to Air Canada

Air Lease Corporation leases two Airbus A321-200 to Air Canada

🕔13:09, 11.Jul 2019

Air Lease Corporation has announced the lease and delivery of two Airbus A321-200 aircraft to Air Canada.  “We are delighted to announce the lease of these two young A321 aircraft to Air Canada, which will support their fleet requirements and

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India’s Vistara to launch Singapore route

India’s Vistara to launch Singapore route

🕔10:48, 11.Jul 2019

India’s Vistara airline has announced the launch of its international operations with flight services to Singapore from New Delhi and Mumbai. The new route, starting next month, will see the carrier operate two daily flights to Singapore, one each from

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AAR releases Q4 2019 financial results

AAR releases Q4 2019 financial results

🕔10:38, 11.Jul 2019

AAR has reported that it completed consolidated sales of $562.7 million in its fourth quarter 2019 results, up from $473.5 million reported during the same period last year. Reported results include tax benefits which reduced income tax expense by $5.1

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American expects $185 million hit due to 737 Max grounding

American expects $185 million hit due to 737 Max grounding

🕔10:29, 11.Jul 2019

Ahead of its Q2 2019 financial results, American Airlines is expecting a negative impact of $185 million due to cancellation of Boeing 737 Max flights. The carrier has cancelled 7,800 flights during the period and has increased the grounding of

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Skyworks reveals leasing transactions during Q2 2019

Skyworks reveals leasing transactions during Q2 2019

🕔10:18, 11.Jul 2019

Leasing firm SkyWorks Holdings has revealed its transactions and activities performed during Q2 2019. During the period, the firm arranged the sale of two ex-China Eastern Airlines A330-300s on behalf of Bellinger Asset Management. Arranged lease extensions for three A320s

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Helvetic Airways sells remaining five Fokker 100s

Helvetic Airways sells remaining five Fokker 100s

🕔10:12, 11.Jul 2019

Swiss-based Helvetic Airways has sold its remaining five Fokker 100s to Alliance Aviation Services. The deal, which includes spare engines, parts and tooling, completes Helvetic’s transition to an all-Embraer fleet. This deal is valued at $730 million and is based

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Alitalia transfers flights due to Milan Linate airport closure

Alitalia transfers flights due to Milan Linate airport closure

🕔09:58, 11.Jul 2019

Italian carrier Alitalia will transfer its flights to Milan Malpensa airport and start four additional Bergamo-Rome services. The move follows the closure of Milan Linate airport, which will stop operations for runway maintenance works from 27 July to 27 October.

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DAE delivers and commits to $1.1 billion in aircraft assets

DAE delivers and commits to $1.1 billion in aircraft assets

🕔09:47, 11.Jul 2019

Dubai Aerospace Enterprise (DAE) has committed to deliver over $1.1 billion in aircraft assets during its H1 2019 key strategic and operational highlights. The firm grew its managed assets portfolio to 51 aircraft valued at $1.3 billion, it boosted its

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