Indonesia readies $1.4 billion Garuda bailout
Indonesia is finalising a US$1 billion (S$1.4 billion) financial bailout plan for its flag carrier to help it stave off a debt default due to COVID 19 forcing it to ground most of its planes. The resc...
Indonesia is finalising a US$1 billion (S$1.4 billion) financial bailout plan for its flag carrier to help it stave off a debt default due to COVID 19 forcing it to ground most of its planes. The resc...
Ryanair announced plans to return to 40% of normal flight schedules from July 1 2020, subject to Government restrictions on intra-EU flights being lifted, and effective public health measures being pu...
Brussels Airlines has called on the Belgian government and parent company Lufthansa to take “substantial and indispensable measures to guarantee the survival of the company”. The carrier said that to ...
A combination of a large operator base and route flexibility relative to other widebody aircraft, means the Airbus A330 still has a long term future which is not reflected in current valuations, accor...
United Airlines has pulled out of a $2.25 billion bond issuance only three days after it announced it with media reports suggesting the carrier walked away because it was unable to get attractive enou...
SAS has signed a SEK 3.3 billion three-year revolving credit facility agreement, 90% guaranteed by the Swedish and Danish states. Since the announcements from the Scandinavian governments on credit gu...
AerCap reported its first quarter income increased by 18% to $276.8 million, from $234.2 million for the same period in 2019, while also saying it had cancelled some outstanding MAX deliveries. While ...
Avolon has reported first quarter profits that are 13% down on the same period last year and it has received requests for payment relief from more than 80% of its current owned and managed customer ba...
EU Regulation 261/2004 may require airlines to refunds cancelled tickets within seven days by bank transfer, but Lufthansa chief executive Carsten Spohr said that forcing carriers to hand back cash ra...
Warren Buffett’s investment firm Berkshire Hathaway has exited the US airline industry having sold all its shares in American Airlines, Delta Air Lines, United Continental Holdings, and Southwest Ai...
The US Department of Transportation’s Federal Aviation Administration (FAA) will award $1.187 billion in airport safety and infrastructure grants. The total includes $731 million in Airport Improvemen...
GE is cutting another 10,000 aviation jobs globally as it prepares for an extended slump in Q2 air traffic and likely production cuts by aircraft manufacturers that will last longer. The new permanent...
We're Social