Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year....
Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year....
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that...
AirAsia X (AAX) has agreed to classify Malaysia Airports as a secured creditor, as it seeks to expedite its massive debt restructuring programme. “After consultation, AirAsia X has accommodated [Malaysia Airports] and made certain clarifications and revised the scheme under...
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair...
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected...
The International Test Pilots School Canada has signed a memorandum of understanding with Korean Aerospace Industries to promote the KAI FA-50 light attack jet for tactical and adversary training. The International Test Pilots School (ITPS) Canada has signed a memorandum...
Gulfstream will by year-end have delivered a combined 92 G500 and G600 aircraft since the first of the pair entered service in 2018. Gulfstream will by year-end have delivered a combined 92 G500 and G600 aircraft since the first of...
Turkish Airlines has been operating its newly-delivered initial pair of Airbus A350-900s on domestic routes, but has yet to confirm a schedule for the remaining aircraft. The airline had 25 A350s on order but, while it had been intending to...
Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of industry improvement, as leisure passengers return to air travel. Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of...
UK aerospace suppliers are anxiously waiting to see if their government will roll out targeted support for the sector in its forthcoming spending review, a situation in sharp contrast to France where a public-private bailout fund has already made its...