Air Transport

Boeing’s most recent round of official 737 MAX cancellations was led by lessors, while former Canadian startup candidate Jetlines saw its five

Many British Airways (BA) staff are receiving letters this week informing whether they will lose their jobs as the carrier cuts its workforce in the wake of the COVID-19 pandemic.

Europe’s Airbus A350-900 operators must conduct inspections at 2,300 flight cycles or within 50 cycles for engines that have hit the threshold for cracks in the intermediate pressure (IP) compressor blade roots, a draft EASA airworthiness directive said.

Air France-KLM Group said it has received the green light from pilots on plans for its low-cost unit Transavia to operate domestic routes, while detailing job cuts and base closures planned for its regional subsidiary HOP!

American Airlines became the latest U.S. carrier to disallow passengers from wearing masks with exhaust valves on its flights, aligning its face covering policy with most other major U.S. airlines.

AVATION repurchased/cancelled US$1.6m in senior notes due 2021 (at 71% of face value), leaving US$344m outstanding.

The European Commission (EC) has given the go-ahead for a €30 million ($35 million) government cash infusion for Estonia’s Nordic Aviation Group (NAG).

Icelandair said it has completed agreements with all its creditors and reached a final settlement with Boeing on the impact of the grounding of the Boeing 737 MAX.

Domestic passenger traffic in Norway is recovering steadily from the depths of the COVID-19 pandemic, although international travel remains a shadow of its former self.

FLYADEAL, Saudi Arabia leased LEAP-powered A320neo (9554) from Avolon.

S&P GLOBAL updated its global air passenger traffic forecasts and now expects traffic (vs 2019) to fall 60-70% in 2020, which is weaker than the 50-55

Ask the Editors: Railways and airlines may be moving toward stability in their shares of traffic.

ICELANDAIR settled with Boeing on compensation over 737 MAX grounding (it has six); terms are confidential, but it did say deal reduces purchase

AZUL reached agreements with its aircraft lessors on debt relief equal to R$3.2b through end 2021. It will follow an adjusted payment schedule based

Edward Leigh to Client Director of Zedra, Isle of Man to spearhead aviation and marine structuring growth.

Chinese domestic airline activity has virtually recovered to its 2019 level as airlines have laid on more capacity than is profitable, apparently to promote a revival in tourism and business travel.

ICELANDAIR reached agreements on concessions with creditors to restructure its cash outflows to match expected inflows; deals are conditioned upon

ALTA members flew 227.5b RPKs in 1H20, down 51.3% vs 1H19; capacity dropped 44.8% to 309.7b ASKs. PLF was 73.4%.

ALTA members flew 4.2b RPKs in June, down 94.3% vs June 2019; capacity dropped 92.9% to 6.4b ASKs. PLF was 65.3%.

Hong Kong-based Cathay Pacific has revealed new details of significant aircraft delivery deferrals, although the carrier has so far not canceled any of its extensive order backlog.

Airlines continue to seek short-term relief from lessors, but the number of requests is dwindling, and most are meeting payment obligations, senior leasing executives report.

Sky Airline is pushing ahead with plans to expand its international network from Peru despite lower passenger demand as a result of the COVID-19 crisis.

German cabin crew union UFO is recommending its members accept a preliminary crisis deal reached with Lufthansa to avoid forced redundancies despite major uncertainties about the details.

With no finance minister helming the ministry, Thai AirAsia and six other airlines are hoping to go straight to the top and meet with Thai prime minister Prayut Chan-o-cha regarding government assistance.

Vietnam Airlines is in the process of securing a VND4 trillion ($171.8 million) government loan as well as another VND8 trillion in charter capital increases as the flag-carrier predicts a VND15.1 trillion loss for 2020.