Copenhagen Airport (CPH) said it has struck an agreement with its airlines that provides the necessary platform for a restart of traffic and routes to Denmark’s capital.
Given the massive financial losses at many European hubs as a result of COVID-19, Vienna Airport (VIE) got off relatively lightly in announcing a loss of €76 million ($90 million) for 2020.
Business aircraft activity in North America was down 12% in February compared to a year ago, while European activity fell 31%, according to Argus data. Compared to January, activity in North America was down 4.4%, while activity in Europe was down 2.6% compared to the previous month, Argus said.
International Airlines Group (IAG) plans to issue two series of senior unsecured bonds as it seeks to bolster its financial position in the continuing coronavirus pandemic.
Deliveries of Western-built, turbine-powered helicopters are projected to total 6,376 units valued at $30.4 billion over the next 10 years, resulting in a compound annual growth rate of 1.4% for the in-service fleet, according to Aviation Week Network’s Helicopter Fleet & MRO Forecast.
AirAsia Group has raised MYR336.5 million ($82 million) following the completion of a two-tiered private share placement, part of a broader plan to raise MYR2-2.5 billion to save the struggling LCC operator which has been battered by the pandemic.
ATR’s earlier hopes that regional turboprops would spearhead the recovery have yet to materialize, and management now only expects a slight upturn this year on the extremely slow sales it reported for 2020.
The European Commission (EC) has approved a state loan to another European flag-carrier as a result of the coronavirus pandemic wreaking havoc on airline finances.
A year after the coronavirus pandemic forced airlines to shut down much of their operations, governments have pumped $215 billion in financial support into the sector, according to IATA.
The past year has been “pretty brutal” for the aviation industry, with the COVID-19 pandemic disrupting supply chains and aircraft deliveries, but “we’re going to come out of it just fine,” says Richard Aboulafia, Teal Group vice president of analysis.
The European Commission (EC) has put forward a plan for a Digital Green Certificate to provide proof of a passenger’s COVID-19 health status, with the aim of facilitating a travel recovery within the EU.
U.S. airlines are seeing an elongation of the booking curve, a sign that air travel may finally be starting to return to something resembling normalcy.
