Airlines are going to take delivery of significantly less than half the aircraft they originally planned to receive in 2020, according to IATA estimates.
The Indonesia ministry of transport has agreed to inject IDR216.5 billion ($14.7 million) in subsidies for selected airports in the archipelago in a bid to reduce airfares and promote air travel.
Cebu Air, the parent company for Philippines LCC Cebu Pacific, and Singapore Airlines Engineering Company (SIAEC) have terminated two joint ventures in the Philippines, buying out each other’s shares in the Aviation Partnership (Philippines) Corporation (APPC) and SIA Engineering Philippines Corporation (SIAEP).
All Nippon Airways (ANA) plans to create a new low-cost widebody unit and cut back its mainline fleet as part of a major overhaul of its strategy spurred by the COVID-19 crisis.
A return to commercial aircraft utilization decline in September has shown that recovery for the industry will be filled with twists and turns along the way.
Wichita aerostructures giant Spirit AeroSystems has struck a 45% cash discount with Bombardier for the latter’s Short Brothers capacity in Northern Ireland, as well as Bombardier Aerospace North Africa and most of a Dallas MRO site.
Two African carriers–Ethiopian Airlines and South African LCC FlySafair–have each added a pair of aircraft to their fleets, despite the ongoing COVID-19 downturn.
Airbus delivered the first U.S.-assembled A220 to Delta Air Lines, marking the onset of a new era of stateside aircraft production for the European OEM, as well as the first delivery of the larger A220-300 variant to a U.S. operator.
Scandinavian Airlines (SAS) has completed its critical recapitalization, increasing the Danish and Swedish government stakes in the airline to 21.8% each.
Slovak Boeing 737 wet-lease operator Go2Sky has reversed an earlier decision to cease operations and close the company, after reaching an agreement with its lessors.
