Israeli aircraft lessor Global Knafaim Leasing has submitted a revised offer for leisure airline Israir, having initially failed to advance to the next stage of the bidding process. It has outlined a 107 million ($31.6 million) shekel proposal comprising 35...
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt. Thai Airways International’s losses deepened and revenues plummeted in the third...
With many of their foreign competitors in the doldrums amid a pandemic-led downturn, China’s three largest carriers — having already experienced a steady domestic recovery — are well-placed to recapture market share in the international air travel market. With many...
Japanese firm IHI continues to see weakness in its civil aircraft engines business owing to the coronavirus pandemic. “Sales of engines and spare parts in the civil aero engines business is greatly decreasing owing to the drastic decline in demand...
A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet narrow its quarterly operating loss, even as passenger travel demand remains in the doldrums amid the coronavirus pandemic. A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet...
SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals. SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals. The Indonesian...
New Zealand investigators have closed an inquiry into two incidents involving engine problems on Rolls-Royce-powered Boeing 787-9s operated by Air New Zealand. The country’s Transport Accident Investigation Commission states that the incidents involved fracture of intermediate-pressure turbine blades on Trent...
Lufthansa has reached a preliminary €200 million ($237 million) savings deal with the Verdi union which provides employment protection for ground staff next year in return for concessions. Lufthansa has reached a preliminary €200 million ($237 million) savings deal with...
Pre-flight testing for coronavirus only makes sense if it is delivered before passengers arrive at airports, in the view of Ryanair group chief executive Michael O’Leary. Pre-flight testing for coronavirus only makes sense if it is delivered before passengers arrive...
Lufthansa subsidiary Swiss is temporarily withdrawing 28 older Airbus A320-family aircraft from service for the winter timetable to save costs, and instead deploying “more efficient” Airbus A220s, A320neos and A321neos across its short- and medium-haul network. Lufthansa subsidiary Swiss is temporarily withdrawing...