Aviation Daily Roundup: July 14, 2022

July 15, 2022

Aeroflot Receives A Further $900M From Russian Government

The Russian government has injected RUB52.5 billion ($900 million) into the country’s largest carrier Aeroflot to support the restructuring of its debt after the termination of aircraft lease agreements. Credit: Aleksandrs Tihonovs/Alamy Stock Photo

Daily Memo: Safran Places Leap Bets On India

Over the 2018-25 period, Safran intends to invest a total $200-250 million in India, essentially around Leap engine production and MRO. Credit: Safran

Ryanair Will Not Make Money This Winter, O’Leary Says

Ryanair Group CEO Michael O’Leary expects his company will not make any money in the coming winter, but for fiscal 2022 in general—which for Ryanair ends on March 31, 2023—he foresees at least a modest profit. Credit: Ryanair

SAS Says Pilots’ Strike Is Putting Survival Financing At Risk

Scandinavian Airlines (SAS) has warned that the ongoing pilots’ strike has “severely impacted” the company’s liquidity and is putting at risk its ability to source new funding. Credit: BEATE OMA DAHLE / NTB / AFP / Getty Images

Emirates Blasts Heathrow Management As ‘Incompetent’

Emirates Airline has refused to accept London Heathrow (LHR) airport’s demands that carriers operating into the UK hub should cut their services over the summer peak season. Credit: Nigel Howarth / Aviation Week

American Airlines Approved To Restart Cuban Routes

American Airlines has been given the green light to resume routes to five cities in Cuba that were suspended in 2019 when the Trump administration imposed restrictions that prevented U.S. carriers from flying to Cuban destinations except for Havana. Credit: Nigel Howarth / Aviation Week

Air France-KLM Agrees To E&M Financing Deal

Air France-KLM and U.S. asset management business Apollo Global Management have signed an agreement for Apollo-managed funds and entities to invest €500 million ($502 million) in an ad hoc Air France operating affiliate. Credit: Air France-KLM Group

Delta CEO Downplays Recession Concerns Amid Strong Demand

Delta Air Lines CEO Ed Bastian downplayed concerns that a possible recession could sap consumer travel demand, telling analysts on a recent earnings call that his company is well-positioned to ride out a mild slowdown should one take place. Credit: Delta Air Lines

Aeroflot receives a further $900M from Russian government, Safran places leap bets on India, and more.

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