British Airways (BA) has moved to further bolster its liquidity levels through the finalization or announcement of two financing agreements that will see the flag-carrier increase its available funds by £2.45 billion ($3.43 billion).
Transatlantic competition from Boston Logan (BOS) is set to intensify later in 2021 when United Airlines launches a new route to London Heathrow (LHR).
Australian carrier Regional Express (Rex) plans to embark on “a major revamp of its regional route network” in response to “aggressive predatory moves by Qantas” into thin regional domestic routes.
Finnair’s CEO says that the flag-carrier will emerge from the COVID-19 crisis as a leaner business and will focus on repaying debt before investing in new narrowbodies.
Japanese and South Korean carriers have suspended operations of Boeing 777s powered by Pratt & Whitney 4000 series engines, although the limited numbers of these flying mean there have been few schedule disruptions.
The air travel demand recovery that airlines, airports and tourism organizations were hoping to see emerge this year, albeit slowly, is so far proving elusive.
The FAA plans to order stepped-up inspections of Pratt & Whitney PW4000 engines like the one the failed on a United Airlines Boeing 777-200 near Denver on Feb. 20.
UK company Clean Planet Energy plans to produce sustainable aviation fuel at plants it is building to convert waste plastic into renewable fuels and chemicals.
Despite a better performance than many airlines worldwide, Volaris is joining most operators in bracing for a tough first quarter (Q1) as conditions become more challenging.
Boeing says that its recently completed deal with Tata-Boeing Aerospace Limited (TBAL) to build 737 vertical fins in India will augment rather than replace existing fin production in China and South Korea.
Representatives of European pilots and members of the European Parliament have called for an “open skies” agreement between the EU and Qatar to be paused in the light of the COVID-19 pandemic.
Chorus Aviation’s leasing arm has rent relief agreements in place with “substantially all” of its customers and reports that collections in the fourth quarter improved slightly over the previous three months.
A portfolio of 12 Boeing 737-8s and two Trent 1000-powered 787-9s, previously operated by Norwegian Air Shuttle, are being remarketed following the LCC’s financial difficulties and decision to scale back its operations.
Norwegian start-up LCC Flyr, a project backed by industry veteran Erik Braathen, has raised NOK600 million ($70.7 million) through a private placement and will list on the Oslo Stock Exchange in March.
In March, Korean Air plans to reveal more details about how it will integrate Asiana Airlines after their merger and how the airline will combine its expanded stable of LCCs.
