Final year-end figures show just 157 Boeing airliners were delivered in 2020, compared to 380 in 2019—revealing the full impact of the global COVID-19 pandemic and the prolonged grounding of the 737 MAX on the company’s commercial business.
Private equity funders on Jan. 12 unveiled San Francisco-based Vmo Aircraft Leasing, a newly-formed company to acquire and lease commercial aircraft worldwide, along with a $500 million endowment.
Boeing secured agreements to sell new widebody freighters to Atlas Air and DHL Express, as strong air cargo demand continues to help offset weakness in commercial passenger aircraft sales.
The $2 billion in emergency funding allocated to U.S. airports in the most recent COVID-19 pandemic relief package is a much-needed cash injection for an industry sector caught between the proverbial rock and a hard place.
IATA has joined other industry organizations in raising concerns over new travel restrictions issued by Latin American governments as new variants of the coronavirus emerge and continue to spread.
Airbus subsidiary Skytra has secured UK finance regulator approval for a data tool which will allow airlines to hedge revenue for the first time, in the same way they do for fuel and currency.
IATA believes the situation for airlines will become worse before it becomes better, as international travel restrictions persist and vaccine roll-out is only just beginning.
Despite the onset of the COVID-19 pandemic, China ended 2020 with 420 million passenger movements, making it the world’s second-largest aviation market for the fifteenth consecutive year.
Austrian Airlines is phasing out the first of three aging Boeing 767-300ERs and confirmed its last De Havilland Dash 8-400s will end operations by March 31.
