Wichita aerostructures giant Spirit AeroSystems has struck a 45% cash discount with Bombardier for the latter’s Short Brothers capacity in Northern Ireland, as well as Bombardier Aerospace North Africa and most of a Dallas MRO site.
Two African carriers–Ethiopian Airlines and South African LCC FlySafair–have each added a pair of aircraft to their fleets, despite the ongoing COVID-19 downturn.
Airbus delivered the first U.S.-assembled A220 to Delta Air Lines, marking the onset of a new era of stateside aircraft production for the European OEM, as well as the first delivery of the larger A220-300 variant to a U.S. operator.
Scandinavian Airlines (SAS) has completed its critical recapitalization, increasing the Danish and Swedish government stakes in the airline to 21.8% each.
Slovak Boeing 737 wet-lease operator Go2Sky has reversed an earlier decision to cease operations and close the company, after reaching an agreement with its lessors.
More destinations in Western Europe will be added to Wizz Air’s network from the UK as the carrier seeks to increase its share of leisure traffic, according to the MD of the Hungarian airline’s UK subsidiary.
The U.S. Transportation Department (DOT) has tentatively granted antitrust immunity to the proposed Delta Air Lines-WestJet transborder joint venture (JV), but with conditions that the carriers must accept.
Lufthansa plans to put large parts of group administration into “hibernation mode” between mid-December and the end of February 2021 and is making further operational cutbacks to deal with the much lower level of demand for air travel.
When Francisco Gomes Neto took over from Paulo Cesar de Souza e Silva as CEO of Embraer, the company was on a clear path. The pandemic changed everything.
Mexican ULCC Volaris successfully trimmed its losses in the 2020 third quarter (Q3), boosted by a rapid capacity restoration and the weakened financial state of its top rivals.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
