The US Senate voted through a financial stimulus package that included nearly $60 in aid for the country’s airline sector, although caps on senior management pay and share buybacks are attached. The g...
Boeing’s long-term credit rating was downgraded two notches at Fitch Ratings, which cited the "rapid escalation" of the coronavirus pandemic and the effect it's having on the airframe makers business....
AJW Group management of aircraft spares specialist, has purchased CFM56-5B4 engine for teardown in support of expanding engine management programmes. The high-quality engine parts will be stored at AJ...
Air Canada will operate six special flights from Lima, Barcelona and Quito this week to enable Canadians stranded abroad to return home. The flights, operated in collaboration with the Government of C...
The US Government ban on air travel between Europe and the United States could cost US$2bn in lost revenue over the ban’s 30-day period, according to travel data and analytics firm Cirum. Cirium data ...
Tech firm Sabre Corporation is taking significant measures to strengthen its financial position in response to the current industry conditions. “This is an unprecedented time. The global travel indust...
GE Aviation is planning to lay off 10% of its total U.S. workforce while reducing working hour for about 50% of its MRO employees for the next 90 days. Additionally, David Joyce chief executive of G...
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...
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