Southwest Airlines will refrain from laying off workers or cutting pay rates and benefits through year end, despite persistently weak customer demand caused by the COVID-19 pandemic.
Regional aircraft lessor Nordic Aviation Capital (NAC) has used 236 aircraft as security for its $6 billion debt-restructuring program, which was approved by the Irish High Court July 21.
Rising tensions in China’s international relations, especially with the U.S., raise questions about how Western airliner sales could be affected and the knock-on impact on the COMAC C919 program.
India’s Vistara received its first Airbus A321neo, which will be used on short- to medium-haul international routes or destinations within seven hours of flying time.
International Airlines Group (IAG) is considering a €2.75 billion ($3.2 billion) rights issue to strengthen its finances as the coronavirus crisis continues.
The Belgian Federal Government and Lufthansa have negotiated an agreement that secures the near-term future of Brussels Airlines amid the COVID-19 pandemic.
Storage-related corrosion of Boeing-supplied valves on certain CFM56 engines has been linked to four engine shutdowns, prompting regulators to order inspections before the 1,140 aircraft are returned to service after extended downtime.