Europe could lead global defense spending growth if nations continue current spending trajectories, analysis by the London-based International Institute of Strategic Studies has suggested.

EasyJet said it would raise €1.2 billion ($1.5 billion) from a bond issue, in a sign of optimism about the prospects for a recovery of the air transport sector over the coming months.  

Brussels Airlines has outlined its flying program for the summer 2021 season, which includes the resumption of North Atlantic services and the addition of a new route to Frankfurt.

Tourism-dependent Thai Airways has reported a record loss of THB141 billion ($4.7 billion) for 2020 after the sector collapsed following COVID-19-related border closures.

Qantas expects to reopen almost all of its international routes by late October, although they will be operated by smaller widebodies as its Airbus A380s will remain parked.

Air New Zealand has slashed its cash burn by more than half compared to the early stages of the COVID-19 crisis thanks to its cost-cutting efforts.

The UK government plans to set up a taskforce to decide how it can help the travel sector through the COVID-19 pandemic. 

London Heathrow Airport is hopeful that a combination of the UK’s successful COVID-19 vaccine roll-out and its hosting of a G7 summit in June will be catalysts for restoring air services at the hub airport.