The COVID-19 outbreak has already led to an estimated $4 to $5 billion reduction in gross operating revenues for airlines across the globe, according to ICAO.
Mergers and capacity reductions among Chinese airlines may result from the COVID-19 outbreak, as the Civil Aviation Administration of China (CAAC) said it will support reorganization of the industry as part of its response to the crisis.
Lessor Aircastle’s acquisition by Marubeni Corp. and Mizuho Leasing is “progressing as expected,” Aircastle CEO Michael Inglese said ahead of a Mar. 6 shareholder vote on the proposed tie-up.
Saudi Arabian Airlines Group (Saudia) has appointed Ibrahim Koshy as its new CEO, succeeding Jaan Albrecht whose contract expired at the beginning of the year.
Singapore Technologies (ST) Engineering’s aerospace sector is looking to add value and synergy to its MRO capabilities by providing more customized cabin interior design solutions.
Qantas has reportedly reiterated that it needs to reach a deal with its pilots by the end of March so it can finalize an order for Airbus A350-1000s to operate new ultra-long-haul routes.
Singapore Technologies (ST) Engineering has signed a license agreement with CFM International to provide MRO services for the Boeing 737 MAX’s LEAP-1B engine.
