Avianca Holdings, one of Latin America‘s largest airlines, has filed for chapter 11 bankruptcy in New York after failing to secure a government bailout before the deadline for a $66 million bond repayment due this month.
SALZBURG—As part of its new program that reconfigures passenger aircraft for cargo operations in the age of COVID-19, Lufthansa Technik has signed its first agreement to convert an Airbus A380.
An FAA review of the Eastern Caribbean Civil Aviation Authority (ECCAA) found that the agency does not sufficiently comply with ICAO standards, placing the countries it regulates into Category 2 of the U.S. agency’s International Aviation Safety Assessment (IASA) program.
The big aircraft-leasing players are fond of saying that large, geographically diversified customer lists are the key to keeping aircraft busy and revenue flowing in.
Boeing formally has decoupled restarting production of the 737 MAX from the recertification effort for the grounded narrowbody, and the OEM and leading supplier
Lessors across the industry are dutifully managing requests for payment deferrals from a majority of customers, but other issues created by the global pandemic are proving more difficult to handle.
Further glimmers of light at the end of the pandemic tunnel have come from a trio of carriers announcing the resumption of services over their networks.
Turkey’s TAV Airports company has signed a share purchase agreement to acquire 100% shares of Kazakhstan´s Almaty International Airport, together with its consortium partner VPE Capital.
Star Alliance member EgyptAir and hybrid LCC Air Cairo have signed an MOU to enhance their strategic positioning and integrate their network and fleet, in an effort to overcome the repercussions of the spread of COVID-19.
Latvia’s Cabinet of Ministers has approved the investment of up to €250 million ($272 million) in airBaltic’s equity to help the national carrier through the COVID-19 pandemic.
Swiss International Air Lines (SWISS) must cut costs by 20% under a new business plan after Switzerland’s federal councils approved a CHF1.3 billion ($1.3 billion) commitment loan for SWISS and its leisure company Edelweiss Air.
A former Royal Air Force chief has been selected to become the future chairman of the UK Civil Aviation Authority. Sir Stephen Hillier, who served as Air Chief Marshall of the Royal Air Force between 2016 and 2019, is set to become a nonexecutive chair of the regulator on Aug. 1, taking over from Dame Deirdre Hutton, the current chairman who has been in the role for the past 11 years.
