Central and Eastern European carrier Wizz Air is set to issue its first bonds, adding a further €500 million ($607.5 million) to its already strong liquidity position.
A new $1.5 billion leasing platform called KLA Aviation Finance is being formed, through a strategic partnership between opportunistic investor Kennedy Lewis and aircraft management specialist Arena Aviation Capital.
Spanish LCC Volotea ended commercial operations with its remaining eight Boeing 717-200 on Jan. 10 after nearly a decade of service with the Barcelona-based carrier.
South Korean LCC Eastar Jet has become the latest carrier to launch a rehabilitation process through the bankruptcy court in an effort to emerge with stronger financial backing.
A 51% stake in Tel Aviv-based Israir Airlines has been sold to BGI Investments, a firm controlled by supermarket tycoon Rami Levy and food trader Shalom Haim.
France has set out new stricter travel measures in an attempt to slow the spread of the coronavirus, requiring arrivals to the country from outside the EU to take a COVID-19 test both before departure and after a period of self-isolation on arrival.
Delta Air Lines sees profitability on the horizon this summer once market conditions respond to widespread vaccine distribution and growing consumer confidence in air travel.
Oman Air is continuing to restore its network, increasing to 25 the number of cities to which it connects from its Muscat International Airport (MCT) hub.
Responding to a newly imposed additional layer of Canadian COVID-19 restrictions, Air Canada said it will reduce 25% of its planned capacity for the balance of the 2021 first quarter.
Kazakhstan-based LCC FlyArystan looks to double its passenger numbers in 2021 to three million by launching 14 new routes and adding three more Airbus A320s.
Norwegian Air Shuttle said it would focus on operations in Europe and drop long-haul flying as it moves forward with a restructuring process the airline hopes will attract new investment and allow continued operations.
Boeing handed over 24 737 MAXs from its stored inventory in December 2020 but lost customers for nearly as many already-built aircraft, an Aviation Week analysis shows.
Although Allegiant Air’s preference is to continue owning the majority of its aircraft, changing market conditions have resulted in the Las Vegas-based ULCC considering forging a small number of deals for operating leases.
A 2018 cyber-attack on British Airways (BA) that led to the data of some 400,000 passengers being leaked is the subject of what has been described as the largest class action in UK legal history.
The Scottish regional carrier plans to use a new contract to provide air services for one of the UK’s most remote island groups as the setting for the introduction of sustainably powered aircraft.
French airlines have criticized a decision to allow Paris airports operator Groupe ADP to increase charges for 2021, saying it fails to take into account of the “catastrophic” situation the country’s air transport industry finds itself in.
