EU greenlights €1.2 billion state aid for TAP
The European Commission has approved, under EU State aid rules, Portugal's plans to grant a €1.2 billion rescue loan in favour of Transportes Aéreos Portugueses (TAP), according to a statement earlier...
The European Commission has approved, under EU State aid rules, Portugal's plans to grant a €1.2 billion rescue loan in favour of Transportes Aéreos Portugueses (TAP), according to a statement earlier...
Finnair has elected Colm Barrington the vice chairman of the Board of Directors. The Board also appointed members to its Audit Committee and People and Remuneration Committee. Jukka Erlund was elected...
Air Lease Corporation has placed one used Airbus A320-200 aircraft on long-term lease with HiSky Moldova, scheduled to deliver this July. This will be the first aircraft in the fleet of the Moldovan ...
Finnair has launched a €500 million rights issue a month after securing a €600 million state-backed loan. The Finnish carrier’s Asia focussed long haul business model has left it exposed during the CO...
France’s government has turned on the taps for the domestic aviation industry by stumping up another €8 billion for the broader domestic industry on top of the €7 billion already pledged to Air France...
Austrian Airlines has committed to cutting carbon emissions by half by 2030, with further reductions planned after that date, as part of a €600 million state aid package to support the carrier through...
Embattled LCC Norwegian’s recent deal with lessors that means it won’t pay rents on aircraft grounded by COVID 19 and which the carrier expects to save it $285 million over the next 12 months is unlik...
IAG parent company of British Airways is leading a legal challenge, backed by LCCs EasyJet and Ryanair, against the UK’s quarantine routine which came into force today IAG is believed to have sent a p...
Numbers of daily flights in Europe edged above 6,000 on Tuesday 2 June 2020 for the first time since 24 March, and remained there for 4 days, showing that the recovery in air travel is getting underwa...
Air Mauritius is running out of time to save the carrier as losses continue to accumulate and are on course to reach $225 million by the end of March 2021 unless costs are cut, according to a statemen...
On May 29, CA-CIB closed the commercial debt refinancing of a Boeing 777 Freighter for a KG fund managed by the Munich based asset manager LHI Group. The 10-year-old aircraft is leased to a major carg...
Although the COVID-19 pandemic impact was still clearly visible in the May traffic figures, the number of passengers increased and cargo-only flights more than doubled from April 2020 In May, Finnair ...
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