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.
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.
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.
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.
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.