Avolon reports loss for first quarter 2021
Avolon has reported an $83 million loss for the first quarter (Q1) of 2021 as lease revenue declined to $470million from $644 million a year ago. The leasing company ended the quarter with $7.1bn of t...
Avolon has reported an $83 million loss for the first quarter (Q1) of 2021 as lease revenue declined to $470million from $644 million a year ago. The leasing company ended the quarter with $7.1bn of t...
Norwegian Air Shuttle has reported a 96% fall in operating revenue to NOK 255.5 million ($30.7 million) and an operating loss of NOK 1.461bn ($176.1 million). The company is currently nearing the succ...
For the first quarter of 2021, Icelandair has reported a 73% drop in total revenue to US$57.3 million, on the back of a 92% decline in capacity. Icelandair’s net loss fell to $30.1 million. The airlin...
Airbus and Lufthansa Technik (LHT) have signed a cooperation agreement to co-develop temporary “Cargo in the Cabin” solutions for A330s. This new Supplemental Type Certificate (STC) solution will enab...
Following its successful repossession of twenty DHC-8-Q400 aircraft from their previous operator Flybe, FPG Amentum has now completed the sale of the aircraft to an entity managed by Irish-lessor Aerg...
AerCap’s net income for the first quarter of 2021 was $228 million, or $1.76 per share. This was primarily impacted by $100 million of cash accounting and $25 million of GECAS transaction-related expe...
Portuguese Finance Minister João Leão stated in parliament yesterday that no direct funding support for TAP is currently planned for 2023, but loans might be required if the airline cannot secure fund...
Tarmac Aerosave, has appointed Frédéric Denise as Executive Vice President Commercial. He succeeds Alain Leboucher, in office since 2018. With an MBA from the Institut Supérieur de Gestion, Frédéric D...
London Heathrow and the UK Civil Aviation Authority today came to verbal blows after the CAA (regulator) rebuffed Heathrow’s demand to raise fees by £2.6 billion. The CAA said this claim was “dispropo...
Finnair has confirmed it would raise its annual cost savings target by €30m to €170m ($205 million) as it reported further losses. The airline reported a quarterly operating loss of €149.1m versus a l...
Wizz Air has flatly rejected calls from Italian union officials to enter into collective bargaining contracts to ensure all employees across Italy do not suffer any “inequalities”. It shows how fast W...
Low-cost leisure airline and packaged holiday provider Jet2 confirmed today that as a result of the Covid-19 pandemic, it expected to report a pre-tax group loss of between £375m and £385m for the 202...
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