Stephen Jones, Executive Vice President and Managing Director of Wizz Air Hungary will step down from his position with effect of 30 June due to personal reasons. In a statement accompanying the firm’...
The recent adoption of new guidelines on air transport safety by the International Civil Aviation Organization (ICAO), could keep widebodied aircraft grounded, according to Nicolas Jouan, Aerospace an...
IATA has announced that demand for air services is beginning to recover after hitting bottom in April. Passenger demand in April (measured in revenue passenger kilometers or RPKs), plunged 94.3% compa...
Tui has struck aa deal with Boeing for an unspecified compensation for the grounding of its fleet of 737 Max planes and to delay deliveries of additional aircraft. Under the deal agreed deliveries of ...
Germany carriers Lufthansa slumped to €1.2 billion Q1 loss, with the vast majority of the deficit coming from a €950 million fuel hedging payout. The combination of the global collapse in passenger nu...
Virgin Australia’s administrators Deloitte have reduced the five prospective candidates for the airline to Bain Capital and Cyrus Capital Partners. Vaughan Strawbridge, joint administrator and restruc...
Bombardier confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries for a $550 million. The deal is subject to post-closing adjus...
The proposal for a $1.2 billion state bailout of South African Airways which was leaked over the weekend is a starting point for discussion and to assume it is the final version is “very irresponsible...
The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organization’s (ICAO’s) global guidelines for restoring air connectivity. Tod...
Regional jet and turboprop aircraft values will remain resilient in general but there may be variations in value and lease performance based on secondary market supply for specific models, say aircra...
INFORM, a provider of advanced optimization software for the aviation industry, announced today that it has entered into an agreement with InterGlobe Aviation (IndiGo), a scheduled airline operating ...
ANA Holdings has announced it has agreed a 350 billion JPY ($3.3 billion) in new debt financing from Development Bank of Japan. The tenor of the loan will be negotiated with the Development Bank of J...
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