Credit: Rob FinlaysonNairobi-based Kenya Airways has warned that its full-year earnings are expected to drop by more than a quarter because of financial reporting changes, tough competition and lower yields.
Like Malaysia, Philippine Airlines also operates six of the aircraft type.
Credit: BoeingDays after Boeing announced a production halt of the 737 MAX, the three major U.S. credit rating agencies have turned slightly negative on the manufacturer with new outlooks that stress growing demands on the company’s credit access and softening cash prospects.
Credit: Spirit AerosystemsFollowing Boeing’s announcement that it would temporarily halt production of the 737 MAX, its large and small suppliers are assessing the potential impact to their operations.
Credit: Rob FinlaysonCentral and Eastern European LCC Wizz Air has announced two finance department changes, which will see existing CFO Iain Wetherall becoming chief investment officer and aviation industry newcomer Jourik Hooghe joining the airline as EVP and group CFO.
Credit: Aviation Working GroupIreland-headquartered SMBC Aviation Capital said it has become the first lessor to sign aircraft operating leases using the Global Aircraft Trading System (GATS), an electronic platform that aims to simplify aircraft transactions.
Source: Norwegian AirlineLCC Norwegian is moving towards completing the transfer of its flights serving Oakland International Airport (OAK) to San Francisco International Airport (SFO) for the summer 2020 season and beyond, citing higher levels of business from the larger airport.
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