Air Transport

Romanian carrier Tarom has received the go-ahead for a €1.9 million ($2 million) capital injection to compensate for losses incurred during the COVID-19 pandemic.

While airlines are reporting a strong demand environment going into the northern hemisphere summer, the full restoration of global airline networks is likely years away, IATA DG Willie Walsh told Aviation Week Network editors.

VietJet achieved robust profit growth in the 2022 first quarter, thanks to the airline’s restored domestic flights and the start of more international services.

Luxembourg startup FlyLux Airlines is planning to become active in wet-lease, charter and cargo flying, operating Airbus A320neo-family aircraft.

Dublin-based lessor Avolon said it had recognized an impairment of $304 million against its exposure to the Russian market during the first quarter, reducing the carrying value of its 10 owned aircraft in the country to zero.

Icelandic lessor Icelease and U.S. private-investment firm Corrum Capital Management have secured $40 million in funding to acquire three Boeing 737-800s for cargo conversion.

Burkina Faso is again relying on international carriers for its air transport following an engine fire on Air Burkina’s only operational Embraer E195 aircraft last week.

As flight activity rises, the aftermarket recovery’s pace faces threats from labor, supply chain constraints.

UNITED AIRLINES plans in June to resume three-times-weekly San Francisco-Melbourne, Australia (787).

BOEING reports commercial aircraft delivery financing totaled $64b in 2021 vs $59b in 2019 and $98b in 2019; it says for second consecutive year, 100%

TAROM received EC approval for €1.9m Romanian aid measure to compensate for damage suffered due to COVID-19.

QANTAS GROUP says domestic travel is returning to pre-COVID levels ahead of expectations and revenue growth has led to rapid reduction of its net debt

REX, Australia and DELTA AIR LINES signed LOI to start reciprocal interline ticketing/baggage services starting 3Q22.

JETBLUE enhanced/improved its unsolicited proposal to acquire SPIRIT AIRLINES, which announced its Board rejected the new offer and is backing

AIRBALTIC opened new base at Tampere, Finland serving eight destinations with 24 weekly flights (A220s).

QANTAS ordered 12 A350-1000s for delivery 2025-2028 for Project Sunrise flights to cities including New York and London. It also ordereed 20 A321XLRs

In 2008, Thai Airways suffered one of its worst financial results, incurring a THB21.4 billion ($647 million) net loss on the back of surging fuel

Plans to establish North America’s first mega-ULCC remain in place after Spirit Airlines rejected a revised takeover bid from JetBlue Airways in favor of an earlier offer from Frontier Airlines.

The Japan Aerospace Exploration Agency is to cooperate with Kawasaki Heavy Industries on the development of core technologies for hydrogen-powered commercial aircraft.

Customer concessions for delayed 737 MAXs or 787s aside, Boeing did not have to finance the delivery of any of its airliners in 2021, the second year in a row that third-parties have backed all aircraft receipts, according to Boeing Capital executives.

Supporting more flights, a long-idled fleet, and rising new-aircraft production rates could be too much for the commercial supply chain to handle.

The accelerating trend in offtake agreement and production plans for sustainable aviation fuel (SAF) continues, with new initiatives to establish plants in Sweden and Thailand.

Australian carrier Rex has reached an agreement to become Delta Air Lines’ new partner in the Australian market.

Long-haul LCC French bee plans to launch a Paris-Miami service in December 2022, after taking delivery of its sixth Airbus A350 aircraft in winter 2022.