Cargojet confirmed Feb. 10 that its recently secured C$365 million ($287 million) in funding will support the acquisition of five Boeing 767 freighters and at least two 777s.
Democratic House lawmakers proposed an additional $26 billion to help struggling airlines, airports and manufacturers survive the air travel downturn caused by the COVID-19 pandemic.
Lessor Dubai Aerospace Enterprise (DAE) foresees a sharp improvement in airlines’ fortunes as early as summer 2021 and remains confident that the industry will regain its pre-pandemic pattern of growth.
While U.S. airlines lost nearly $45 billion in 2020, one unlikely carrier managed to close out 2020 without experiencing a single unprofitable quarter.
Emirates Airline president Tim Clark expects the recovery of air travel to be delayed beyond the upcoming summer season and foresees a substantial return of demand only in the 2021 fourth quarter.
Air Canada is suspending service on 17 more routes until April 30 at the earliest as it grapples with new travel restrictions imposed by the Canadian government designed to mitigate the spread of COVID-19.
U.S. leisure carrier Allegiant Air is adding 34 new nonstop routes to its summer schedule, plus a further nine limited-time services to support South Dakota’s Sturgis Motorcycle Rally in August.