Avianca Holdings received approval from a U.S. federal court to tap over $2 billion in debtor-in-possession (DIP) financing, marking the latest step in its attempted restructuring after seeking Chapter 11 bankruptcy protection in New York on May 10.
United Airlines will begin flying nonstop to mainland China from Oct. 21 for the first time since late February when the COVID-19 crisis began to escalate worldwide.
The Boeing 737 MAX saga isn’t over yet, but recent public comments by the heads of the FAA and EASA suggest that the 19-month grounding is coming to an end.
Alaska Airlines will speed up retirement of 10 Airbus A320 airliners, marking the latest in a series of moves that appear likely to reduce its reliance on Airbus for years to come.
Airport operator Vinci Airports will launch in mid-October a real-life test phase of a facial recognition service designed to streamline the passenger’s path to takeoff from their arrival at the airport.
European air traffic has fallen again, dropping to 44.8% of 2019 levels in the week to Oct. 4, Eurocontrol data showed, as travel restrictions and uncertainty over rising COVID-19 infection rates in many countries continue to hold back demand.
AirAsia Japan confirmed that it has ceased operation as of Oct. 5 after the COVID-19 crisis compounded the carrier’s challenges in the competitive Japanese LCC market.
Following the recent news that the UAE Ministry of Health and Prevention urged citizens and residents to avoid foreign travel and the International Air Transport Association (IATA) reported that the spread of the new coronavirus in February and March are set to wipe off the growth registered by Middle East airlines at the start of the year. Richard Thompson, editorial director at GlobalData, offers his view.
Quietly but quickly, a debate is brewing inside the Western aerospace and defense supplier base, and the winning trend could become a ruling business model for a generation or more.