Ratings agency Moody’s has estimated that full capacity for the global airline industry would be as much as 35% down on 2019, due to the impact of Covid 19, against pre-crisis consensus opinion the se...
Boeing has suspended dividend payment, extended its share buyback programme and cancelled the pay of its chief executive and board chairman for the rest of 2020, following its request for a $60 billio...
The US Treasury is proposing to provide the country’s airline sector with $50 billion of secured loans, not grants as the industry had requested, tied to conditions which include limits on executive p...
Airports Council International and the American Association of Airport Executives (AAAE) have issued a joint statement urging Congress to provide America’s airports with a $10 billion support package....
Air Lease Corporation announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Air Seychelles. Featuring CFM International LEAP-1A26 engines, this aircraft delivered from A...
Air Canada said today that it will gradually suspend the majority of its international and U.S. transborder flights by March 31,2020 in response to decisions by national governments, including Canada ...
On March 18, 2020, American Airlines secured a 364-day $1bn senior secured delayed draw term loan credit facility, due to be paid in a single installment on March 17, 2021. Borrowings of term loans un...
Due to the dramatic loss of revenue, JetBlue has secured a new liquidity facility. On March 13, 2020, JetBlue entered into a delayed draw term loan credit agreement that provides for a term loan facil...
Brazil’s antitrust watchdog on Wednesday, CADE, dismissed allegations against a proposed takeover by Boeing of Embraer’s commercial plane division, maintaining its approval of the deal. CADE was alre...
Aviation services provider, AAR, has appointed John Gilbertson, Jr to the company’s board of directors, effective immediately. Gilbertson increases has come out of retirement to take the role and was...
Air Lease Corporation has placed two used Airbus A330-200 aircraft on long-term leases with Nordwind Airlines. Previously on long-term lease from ALC to Vietnam Airlines, these aircraft will be deliv...
Boeing has called for a $60 billion package of support for what it terms the “US aerospace manufacturing industry,” just days after the airframe revealed in an 8-K filing to the Securities and Exchang...
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