Finnair has signed a letter of interest through which it could acquire up to 20 electric-powered regional aircraft under development by Heart Aerospace. The 19-seat aircraft project, the ES-19, was unveiled by the Swedish-based manufacturer in 2019. Heart Aerospace is...
El Al remained in a state of balance-sheet insolvency at the end of 2020, with total liabilities exceeding its total assets by $256 million. The airline’s current assets as of 31 December 2020 had fallen to $186 million from the...
Processes for passengers to prove either Covid-19 vaccination or negative test results are likely to play a role in the opening up of European airline markets, but more comprehensive digital health passports are not, in the view of Ryanair group chief...
European operators of the De Havilland Canada (DHC) Dash 8-400 could soon be carrying up to 90 passengers in the twin-turboprop after the bloc’s regulator approved the modification. European operators of the De Havilland Canada (DHC) Dash 8-400 could soon...
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...