Singapore Airlines (SIA) has secured around S$2 billion ($1.5 billion) after completing sale and leaseback transactions with four lessors for 11 total aircraft.
Uneven domestic-market recoveries and a prolonged long-haul slump means deferrals and other creative short-term approaches remain in play for lessors trying to help their customers survive.
Scandinavian LCC Norwegian Air Shuttle aims to increase its fleet to a peak of 50 aircraft in 2021 and 70 in 2022, flying a network of domestic and short-haul routes in Europe.
Ecuatoriana Airlines is aiming to begin commercial operations by October, initially offering domestic services in Ecuador before expanding internationally.
All Nippon Airways (ANA) predicts it will return to net profitability in its current fiscal year that began April 1, despite sinking to a substantial loss in the previous year as a result of the COVID-19 pandemic.
Heavily indebted Hainan Airlines sunk to a record CNY64 billion ($9.8 billion) net loss for 2020 as debt restructuring for its bankrupt parent company HNA Group drags on.
Spring Airlines is looking back at its roots and refocusing its network domestically as closed borders continue to hit the Chinese LCC’s overall revenue.
Planning an airline’s network in normal times is challenging enough but deciding what routes to fly during the pandemic has been fraught with difficulties for all carriers around the world.
British LCC easyJet is currently only operating 39 of the more than 300 aircraft in its all-Airbus A320 family fleet, but the carrier’s executives believe it is poised to quickly react to pent-up demand if and when the COVID-19 crisis retreats later in 2021.
Vistara is seeking approval to begin flying to destinations in the U.S. later this year as the Indian carrier continues to expand its international footprint.
Lufthansa subsidiaries Austrian Airlines, Swiss International Air Lines (SWISS) and Brussels Airlines reported substantial losses for 2021 first quarter (Q1), traditionally the lowest performing period of the aviation year.