AIR NEW ZEALAND established 3-year, NZ$250m unsecured syndicated revolving credit facility for standby liquidity support; new facility replaces previous $400m facility and was arranged by ANZ Bank New Zealand and MUFG Bank.
AMERICAN AIRLINES lowered its 2Q24 guidance for adjusted operating margin by one percentage point, to between approximately 8.5% to 10.5%, as y-o-y TRASM is expected to be down 5-6% vs down 1-3% as previously forecast.
AI ADOPTION ALLIANCE was formed by Cities Today Institute, Zensors AI, NVIDIA and AWS to advance use of artificial intelligence (AI) technologies in aviation, addressing critical subjects such as data governance, integration with legacy systems, accuracy/reliability, standardization, regulatory compliance, use case evaluation, and change management.
CIRIUM introduced Emerald Sky methodology for measuring aircraft carbon emissions and fuel burn on seat-by-seat basis, based on specific aircraft type and design specifications, combined with real-time operational data and flight conditions.
