American Airlines has closed a previously announced $10 billion financing backed by its customer loyalty programme and used a portion of the proceeds to prepay its CARES Act loan to the US Treasury. American Airlines has closed a previously announced $10 billion...
Israeli flag-carrier El Al has revealed the extent of the pandemic’s financial damage on the airline, turning in a full-year net loss of $531 million. El Al’s pre-tax loss reached $561 million. The airline’s revenues reached just $623 million for...
The suspension of international flights amid the coronavirus pandemic will cost Vietnamese airlines D15 trillion in 2021, according to the country’s Vietnam Aviation Business Association. The suspension of international flights amid the coronavirus pandemic will cost Vietnamese airlines D15 trillion...
US pilot union Air Line Pilots Association, International (ALPA) is calling on the industry to revisit numerous labour, safety, subsidy and collective bargaining issues that for the past year have taken a back seat to the coronavirus pandemic. US pilot...
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand. A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic...
Lufthansa Technik’s establishment of a maintenance site in Manila in 2000 was a central step for the German MRO provider to build up an international facility network and gain access to local customers, recalls the Philippine operation’s chief executive Elmar...
Fleet composition crucial to Nok’s rehab plan draft Nok Air needs to work out a viable fleet strategy before putting pen to paper on the first draft of its rehabilitation plan, which is now due for submission on 15 April...
Bell has completed 30% of the 360 Invictus winged helicopter for the US Army’s Future Attack Reconnaissance Aircraft programme. Bell has completed 30% of 360 Invictus winged helicopter for the US Army’s Future Attack Reconnaissance Aircraft (FARA) programme. Construction of...
Bell believes its work on the V-280 Valor tiltrotor for the US Army and the unmanned V-247 Vigilant tiltrotor concept for the US Marine Corps (USMC) ought to have “synergy” with the US Navy’s (USN) Future Vertical Lift (FVL) Maritime...
Bell believes it will be able to design and build its Autonomous Pod Transport cheap enough for the unmanned air vehicle to be considered attritable. Bell believes it will be able to design and build its Autonomous Pod Transport (APT) cheap...