China’s Big Three Report Slowing Recoveries After COVID Outbreaks
The latest quarterly results from China’s big three state-owned airlines show the recovery of their balance sheets has slowed after sporadic COVID-19 outbreaks across the country.
VietJet Signs Trent 700 Deal For Incoming A330s
VietJet Air has signed a $400 million contract with Rolls-Royce for Trent 700 engines to power the LCC’s new Airbus A330-300s.
AerCap Becomes Super Lessor After Closing GECAS Acquisition
AerCap announced its planned takeover of its main competitor in March 2021, laying the foundations for the creation of a mega-lessor, four times the size of its nearest rival.
Australia Will Reopen Borders To Singapore Travelers
The Australian government is taking another important step in restoring international travel by allowing fully vaccinated Singaporean citizens to enter Australia without quarantine.
Provincial Government Supports DHC-2 Beaver Electrification Project
Canada’s Harbour Air Seaplanes has received C$1.6 million ($1.3 million) from the British Columbia government to support plans to electrify its fleet of aircraft.
Ryanair Braces For Possible €200M Full-Year Loss
Irish LCC Ryanair is anticipating a deeper €100-200 million ($116-231 million) loss for fiscal 2022 because of low yields, despite narrowing its interim net loss from €411 million to €48 million.
Ryanair Considers London Stock Exchange Delisting
Ryanair is re-evaluating its London Stock Exchange (LSE) listing, following the UK’s exit from the EU (Brexit).
Colombia’s Viva Air, Mexico’s Viva Aerobus Strengthen Ties
The agreement between the ULCCs is designed to strengthen connectivity between Colombia and Mexico.
Daily Memo: U.S. Airlines Hope Premium Leisure Demand Becomes A Permanent Fixture
When the delta coronavirus variant slowed the recovery of business travel for U.S. airlines, leisure passengers opting to buy premium travel experiences helped to backfill that demand.
Ryanair is anticipating a deep loss for fiscal 2022, Australia takes important step to reopen borders to vaccinated Singapore travelers, sporadic COVID-19 outbreaks slow China's big three's recovery, and more. Take a look at the daily roundup of air transport news.
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