ADS Group is calling on the next UK government to pursue a new industrial strategy that supports industry to give the country a greater strategic advantage.
The FAA’s decision to freeze 737 MAX production levels likely does not have a significant effect on top suppliers, according to executives and analysts.
IATA has released data for global air freight markets showing demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties.
CALC launched sustainability-linked $500m unsecured revolving syndicated loan facility, with initial placement size of $350m, to partially finance PDPs for its new aircraft orders. China Construction Bank Shanghai Branch are lead arrangers.
JETBLUE had $104m net loss on $2.3b revenues in 4Q23 vs $24m profit on $2.4b in 4Q22; and $310m net loss on $9.6b revenues in 2023 vs $362m loss on $9.2b in 2022. It says it has deferred ~$2.5b of planned aircraft capital expenditures from 2024-2027 to 2028 and beyond, reducing deliveries to 65 A220s and 25 A321neos in 2024-2027.
Plans include $2.5 billion in aircraft deferments, new revenue initiatives, network refinements, and cuts across its cost base including real estate and staff.
