Bombardier plans to improve the profitability of its flagship Global 7500, boost aftermarket sales and increase annual revenue by $2 billion in five years as it shifts to a pure-play business jet company following the sale of its rail business in January, the company said during a Virtual Investor Day.
Philippine carrier Cebu Pacific has signed a PHP16 billion ($329 million) 10-year loan facility with six domestic banks, just weeks after raising PHP12.5 billion through a rights issue that was finalized in February.
Despite some near-term uncertainty created by a second wave of COVID-19 infections in Brazil, Azul is maintaining a positive outlook, particularly as vaccinations become more widespread in the country.
The COVID-19 crisis hit Etihad Airways just as the Abu Dhabi-based carrier was starting to see the fruits of a transformation program that began in 2017.
Lufthansa subsidiaries Austrian Airlines and Swiss International Air Lines (SWISS) have reported substantial losses for 2020 and further fleet reductions at both carriers are possible.
The Oceania region continues to have strong underlying demand factors that will help drive the rebound in traffic and aircraft deliveries in the post-pandemic period, according to Boeing’s latest forecasts.
Talks with the European Commission on plans for a second Air France bailout will last as long as is necessary to reach a fair agreement, French transport minister Jean-Baptiste Djebbari said March 4.
The European Court of Auditors (ECA) has launched an audit to examine whether air passenger rights have been safeguarded effectively during the COVID-19 crisis.
Fractional ownership provider NetJets recorded a 27% decline in flight hours in 2020, while training hours in FlightSafety’s commercial and corporate simulators fell 30% compared to 2019, according to a 2020 earnings report from Berkshire Hathaway, parent company to NetJets and FlightSafety.
