Airlines & Lessors

Our roundup of the main aerospace and defense stories making the news this week.

The U.S. startup wants to offer scheduled flights before the end of 2022.

The Panama-based airline deployed nearly 97% of its pre-pandemic capacity in the second quarter.

A consortium led by Apollo Global Management has forged an agreement to purchase air freight specialist Atlas Air Worldwide.

Canada Jetlines has delayed its planned start date until Aug. 29 as it works to obtain final regulatory approvals.

Korean Air’s continuing recovery in passenger demand and capacity helped the carrier achieve a healthy profit for the second quarter.

Better numbers—at long last—for European legacy carriers should be cause for cheer, but with scenes of airport chaos still dominating the headlines, celebration seems premature.

Lufthansa had hoped to operate 85% of its equivalent pre-pandemic capacity this summer.

Ras Al Khaimah is set to become the fourth emirate to be served by the Indian LCC.

Airbus has canceled the remaining 19 A350 aircraft on order to Qatar Airways, the latest step in an ongoing dispute between the two companies.

Singapore Airlines (SIA) is continuing its remarkably consistent pace of capacity recovery, remaining one of the Asia-Pacific frontrunners even though other carriers in the region are finally catching up.

Global air cargo markets showed “healthy and stable performance” in June, outstripping pre-pandemic levels, according to IATA.

Emirates Airline has declined to comment directly on reports that it plans to reduce its services to Lagos, Nigeria, because of the continuing difficulty of repatriating funds from the West African nation.

The Airbus A350F has now won 31 firm orders from six customers.

Japan Airlines (JAL) has benefited from easing government restrictions in both its domestic and international arenas.

Lufthansa aims to halve net CO2 emissions by 2030 compared to 2019.

Air China will use proceeds to pay for COMAC ARJ21, Airbus A350 and A320neo family aircraft.

Frontier’s position looks enviable despite losing bidding war.

JetBlue Airways missed investor consensus expectations by a wide margin in the second quarter (Q2), as higher spending on fuel and salaries, combined with investments to shore up its operation, took a toll on its bottom line.

Canada’s largest airline Air Canada does not expect passenger demand to slow despite growing concerns of an impending economic slump.

Iran and Russia have signed an agreement that potentially will help Moscow evade aviation sanctions imposed by the West since the invasion of Ukraine.

Airports in Fujian, the province facing Taiwan, has seen mass cancellations of commercial flights as China goes into a “war-like” footing ahead of a highly controversial visit by U.S. House Speaker Nancy Pelosi to Taiwan.

Nonstop flights between Cape Town and Maputo will launch Aug. 31.

Brazilian airline GOL is not enduring significant delivery delays in its Boeing 737 MAX fleet and expects to end the year with 44 of the narrowbodies in its fleet.

The carrier intends to serve the country’s capital Yerevan.