AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid-19 pandemic. The group’s low-cost long-haul arm, AirAsia X has “run out of money” and needs fresh capital, newly appointed deputy...
India’s Jet Airways could be flying again in as little as four to six months after its creditors approved a bid from entrepreneur Murari Lal Jalan and asset management firm Kalrock. “The expectation is that in the next four to...
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reported a sharp decline in year-on-year revenue and a net loss for the third quarter as the coronavirus clipped the airline’s operations and bankruptcy proceedings continue in a US court....
Boeing’s plan to shift all 787 production to South Carolina will indeed save cash, but savings will be a relative small percent of the programme’s total expense, financial analyst say. Boeing’s plan to shift all 787 production to South Carolina...
Boeing and the US Navy plan to co-develop a supersonic land and sea strike missile to be carried aboard the F/A-18 Super Hornet fighter. Boeing and the US Navy (USN) plan to co-develop a supersonic land and sea strike missile...
Israeli and United Arab Emirates government ministers have signed an air services agreement enabling airline flights between the two nations. The agreement was one of four pacts formalised at a trilateral summit, hosted by Israeli prime minister Benjamin Netanyahu, at...
The US Marine Corps has officially retired the Bell AH-1W Super Cobra attack helicopter from its fleet after more than 34 years of service. The US Marine Corps (USMC) has officially retired the Bell AH-1W Super Cobra attack helicopter from...
Satellite communications providers Inmarsat and Hughes Network Systems have partnered to launch an in-flight connectivity product for North American airlines. Satellite communications providers Inmarsat and Hughes Network Systems have partnered to launch an in-flight connectivity product for North American airlines....
Wizz Air chief executive Jozsef Varadi sees a “major opportunity” for his carrier to expand into the vacuum left by retrenching competitors amid the Covid-19 crisis. During an online broadcast by the UK’s Aviation Club, Varadi said Wizz had been “waiting...
Lufthansa Group’s preliminary third-quarter results indicate that losses were less steep than in the previous quarter, which it attributes to an expanded summer flight schedule and “considerable cost reductions”. The German airline group expects to post an adjusted EBIT loss...