A bipartisan group of nine senators unveiled a more than $900 billion pandemic relief proposal that includes another round of payroll support for U.S. carriers.
Long-time investment specialist Castlelake is teaming up with Boeing to provide up to $5 billion in new-aircraft delivery financing, giving cash-strapped carriers an additional funding option that does not require Boeing to increase its debt load.
Corroded hardware is leaving Airbus A350 cockpit escape hatches difficult to open from the outside, leading Airbus to redesign the affected parts and prompting EASA to order modifications for the affected in-service fleet.
Troubled long-haul LCC Norwegian Air Shuttle will seek a five-month protection period for restructuring at a Dec. 7 court hearing as part of the examinership proceedings it initiated in November.
As some hubs in the U.S. lose a certain level of panache during the COVID 19 crisis, Panama’s Copa Airlines believes its long-standing “Hub of the Americas” will become even more strategic in a post pandemic world.
Viva Air is gearing up for further expansion in the Latin American market with the potential launch of a third airline, as well as the broadening of its Colombian domestic and international route network.
Joining the oneworld alliance became necessary for Alaska Airlines, which long took pride in its independence, to give its customers access to the kind of network scale that matches competitors’ offerings in major markets such as Seattle (SEA) and Los Angeles (LAX), according to CEO Brad Tilden.
Latvian carrier airBaltic is exploring the potential of adding new medium and long-haul routes as the airline reshapes its network in response to the COVID-19 pandemic.
Russian airline Aeroflot’s net loss for the 2020 third quarter (Q3) narrowed to RUB21.1 billion ($277 million), compared with RUB35.8 billion in the second quarter, helped by demand from its domestic network.
Brussels Airlines is being further integrated into parent Lufthansa Group and the Belgian flag-carrier expects to play a more important role in Lufthansa’s hub system.
Blank-check company Genesis Park Acquisition has been seeded with $150 million through its initial public offering and is on the hunt for aerospace or aviation services businesses to buy.
Turkish Airlines’ board of directors decided Nov. 27 to establish an air cargo subsidiary to capitalize on the increased demand for air freight capacity.
Supersonic aircraft developer Boom Technology has said it is using Amazon Web Services (AWS), including the company’s cloud-based high-performance computing (HPC) capability, to accelerate the design and construction of the XB-1 demonstrator and the follow-on Overture airliner.
Honeywell has introduced a new catalyst designed for aircraft cabin air systems that can help reduce in-cabin odors from certain volatile organic compounds in “bleed air”—also known as undesirable “smell-in-cabin” events.
A potential hurdle for the proposed Korean Air-Asiana Airlines merger has been removed after the dismissal of a legal challenge that was filed against the deal.
The governments of Singapore and Hong Kong have confirmed that the air travel bubble (ATB) between the two cities will be pushed “beyond December 2020” because of the high COVID-19 case counts in Hong Kong.
JetBlue Airways became the latest U.S. carrier to lower guidance for the 2020 fourth quarter (Q4), warning of deteriorating revenue trends as COVID-19 cases surge across the country.
Regional turboprop manufacturer ATR is ready to start training pilots on a new piece of commercial aviation safety equipment—an enhanced vision system (EVS) and accompanying head-mounted display.
Air Canada has taken an important step in bolstering its cargo operations now that the airline has reached a deal with its pilots to permanently convert some Boeing 767s to an all-cargo configuration.
Lithuanian narrowbody wet-lease specialist Avion Express is seeking creditor protection as it battles the ongoing financial impact of the COVID-19 downturn.
DHL Express will be investing €750 million ($897 million) into its Asia Pacific operations over the next two years, expanding its cargo handling capacity and adding new aircraft dedicated for the region.
Munich Airport CEO Jost Lammers believes airlines could emerge from the COVID-19 pandemic with a more flexible approach to capacity planning, while airports will be forced to speed up their digitalization plans.
