Coronavirus

New travel restrictions have been put in place between France and the UK aimed at stopping the spread of the so-called Indian variant of the coronavirus, just as Eurocontrol figures show signs of a recovery in travel demand.

AIRASIA GROUP had MYR976m loss in 1Q21 (vs MYR953m loss in 1Q20) on 87% lower revenues; traffic decreased 92%.

OHANA BY HAWAIIAN (operated by Empire Airlines) is being permanently shut down by Hawaiian, which is moving four ATR 42s, an ATR 72 and three ATR 72Fs

SAS had SEK2.4b net loss for second quarter ended April 30 (vs SEK3.4b loss a year ago) on 63% lower revenues.

PwC reports the global aerospace and defense industry earned $25b on $697b revenues in 2020 vs $65b on $754b in 2019, down primarily due to impacts of

AIRBUS updated suppliers with plans to produce an average of 45 A320 Family aircraft per month in 4Q21, increasing to 64 by 2Q23 and possibly 70 by

SAS secured SEK3b line of credit line from major shareholders and governments of Denmark and Sweden to enhance liquidity.

The Indian airline industry is now poised for a period of ownership shifts, with some moves prompted by the latest travel slump.

LAX handled 3.1m pax in April, down 57% vs April 2019; cargo rose 32%.

NORWEGIAN emerged from Examinership. It has reduced total debt since end of 2019 by about NOK63-65b, discontinued its long haul operations, cut fleet

IATA is projecting global pax numbers will recover to 52% of pre-COVID-19 levels (2019) in 2021, to 88% in 2022 and to 105% in 2023; with 5.6b pax

The Sri Lankan government has announced it will allow international passengers to enter the country again, after a temporary ban due to increased COVID-19 concerns.

GE AVIATION has discontinued development work on its Affinity twin-shaft, twin-fan turbofan for Aerion AS2 supersonic business jet following shut down

Azul revealed the agreement has now been terminated and the airline has instead hired advisors to explore industry consolidation opportunities in the region.

VIVA, Colombia launched new brand (dropped "Air") and accompanying growth plans, expecting to open 15 new international routes in the next three years

DHL EXPRESS is setting up new cargo airline in Austria for 4Q21 to operate intra-European flight services using 757-200PFs transferred from DHL Air UK

QANTAS added seven new domestic routes (E190), increasing total routes added since start of pandemic to 45; and is deploying 787-9 on Sydney-Perth and

SMBC AVIATION CAPITAL earned $15.2m for year ended March 31. It closed $3b of new transactions with leading airline credits, equating to 29% of its

SMBC AVIATION CAPITAL ordered 14 LCC-configured 737-8s for delivery late 2021-2022 to increase its MAX portfolio to 121.

Canada's airlines are adding back capacity more slowly than carriers in other countries, including the US.

A trend among airlines of phasing out four-engine widebody aircraft in favor of smaller, more fuel-efficient two-engine aircraft, including

With vaccinations being rolled out globally and countries slowly exiting lockdowns, airlines are anticipating an uptick in summer. But months after

IBERIA (IAG) unveiled its 4-year Next Chapter plan to focus on emerging from COVID-19 pandemic, based on four pillars around developing Madrid hub to

American Airlines and United Airlines are to increase service to Spain after the European country’s government confirmed that borders would reopen from June 7 to travelers who have been fully vaccinated.

DUBLIN AEROSPACE earned €2.6m on €42.8m revenues for year ended Sep 30 vs €5.7m on €51m a year ago. It established its first overseas MRO subsidiary