Fitch Ratings has downgraded American Airlines to 'B-' from 'B'. The rating agency says that the downgrade is driven by a slower than expected rebound in air travel related to the coronavirus pandemic...
SkyWest has entered into a $573 million five-year loan and guarantee agreement with the US Treasury Department under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On September 29...
On September 30, 2020, Southwest Airlines received additional Payroll Support from the US Treasury in the amount of $94.345 million for which it issued the Treasury with a warrant to purchase up to 77...
Alaska Airlines will partner with Carbon Health to offer rapid COVID-19 testing at its pop-up clinics across the West Coast, starting Oct. 12 in Seattle. Hawaii will begin to welcome back visitors on ...
Spirit AeroSystems, which designs and builds aerostructures, has raised $500 million in a new private notes offering of 5.500% senior secured first lien notes due 2025. The offering was increased to $...
American Airlines is collaborating with several foreign governments to begin offering preflight COVID-19 testing for customers traveling to international destinations, starting with Jamaica and the Ba...
Caribbean Airlines has announced temporary measures to support its recovery by streamlining expenses and managing cash. The airline is initiating a reduction in salary for a period of eight months fro...
Aeronautical Engineers, Inc. (AEI) has entered an agreement to provide Aviation Holdings III Investments, with its fourth 737-800SF freighter conversion. This news follows an order for 3 AEI B737-800S...
Hawaiian Airlines has borrowed $45 million under a new loan agreement with the US Treasury, which permits additional borrowing of up to $240 million. The proceeds from the facility will be used for ce...
United Airlines and its pilots’ union have reached an agreement to avert 2,850 job cuts that were scheduled to begin as soon federal restrictions on layoffs under the CARES Act are lifted on October 1...
Otávio Meneguette is the new LATAM Cargo Brazil’s Vice President, responsible for leading the company's air cargo business strategy in the Brazilian market. Otávio joined LATAM Airlines Group in 2015,...
GE Aviation’s GE9X engine has been certified by the US Federal Aviation Administration (FAA) authorities, a key milestone in its journey to power the new twin-engine Boeing 777X family. The FAR (Feder...
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