Brazilian airframer Embraer posted a net loss of $731.9 million for the full year 2020, but says an increased demand for regional travel, and the jets that supply that sector, will drive the post-pandemic recovery. Brazilian airframer Embraer lost $732...
Maintenance companies are confident of a recovery in CFM International CFM56 overhaul shop visits after airlines sharply reduced engine MRO activities amid the pandemic. Maintenance companies are confident of a recovery in CFM International CFM56 overhaul shop visits after airlines sharply reduced engine MRO...
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter. Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter. The company...
GECAS’s deal to sell 18 Airbus A320neo-family aircraft to Air China, disclosed on 18 March, stemmed from a previous agreement with the carrier to lease the aircraft, Cirium understands. GECAS’s deal to sell 18 Airbus A320neo-family aircraft to Air China, disclosed on 18 March,...
Israeli flag-carrier El Al has reached a conditional agreement with the government on an alternative funding scheme, after the airline spent several months trying to negotiate a state-backed loan from local banks. El Al and its Sun D’Or airline operation...
Saudi Arabian flag-carrier Saudia has signed an SR11.2 billion ($3 billion) financing agreement which will partly cover the acquisition of 73 aircraft. The airline describes the aircraft as “previously announced” and comprising eight Boeing 787-10s, 35 A321neos – of which...
Korean Air tentatively believes that its acquisition of rival Asiana Airlines will close by the end of June, following the submission of its post-merger integration plan. Korean Air tentatively believes that its acquisition of rival Asiana Airlines will close by...
Singapore is in talks with New Zealand to harmonise the recognition of Covid-19 documentation, with the aim of restarting travel. Singapore is in talks with New Zealand to harmonise the recognition of Covid-19 documentation, with the aim of restarting travel....
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president. China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president. Kao, who was previously...
Two former SpaceX engineers are proposing a two-stage electric vertical take-off and landing (eVTOL) aircraft for regional cargo and passenger flight, as well as for US military missions. Two former SpaceX engineers are proposing a two-stage electric vertical take-off and...