Airlines & Lessors

Spanish regional carrier Air Nostrum has been forced to ask for loans from a fund managed by state holding company SEPI, requesting €103 million ($124 million) which the company plans to repay in seven years.

China’s domestic capacity has surged back after a COVID-19 spike put the brakes on the country’s busiest travel period.

U.S. start-up carrier Breeze Airways plans to keep a dual fleet of Embraer E190/195s and Airbus A220s to utilize on secondary short-haul markets and long thin routes.

Milan-based airline Neos has received tentative approval from the U.S. Transportation Department (DOT) for exemption authority and an amended foreign air carrier permit.

ExpressJet, a U.S. regional carrier which ceased flying last September, is seeking permission to begin scheduled commercial operations under its own brand.

Greek carrier Aegean Airlines has decided to divert funds that were originally allocated to a new training center into working capital.

Air France-KLM is hoping to operate 50% of its normal capacity across the airline group’s entire network during the summer season, CEO Ben Smith said.

Philippine carrier Cebu Pacific has received a $250 million cash injection in the form of convertible bonds from International Finance Corporation (IFC), IFC Emerging Asia Fund and Indigo Philippines LLC, a subsidiary of serial US airline investor Indigo Partners.

The CEO of start-up Avelo Airlines believes there is opportunity for new entrants amid the carnage wrought on incumbent carriers by the pandemic.

Embattled Star Alliance carrier South African Airways (SAA) has named finance specialist Thomas Kgokolo as interim CEO, after he took up his new role on April 13.

China Express was profitable in 2020, thanks to low costs, sales, and leasebacks.

Central and Eastern European ULCC Wizz Air is anticipating a €570-590 million ($682-706 million) full-year net loss, following 12 months of coronavirus disruption and a €95 million fuel-hedge hit.

Ask the Editors: Flight crews favor vaccination, but requirements depend on airline policies and local laws, which are changing quickly.

With vaccination programs underway and demand for summer travel slowly picking up, Belgium’s flag-carrier is preparing for a gradual increase in flight operations.

The government of Cabo Verde plans to fully privatize the country’s national carrier, selling off its 39% stake in Cabo Verde Airlines (CVA).

Start-up virtual carrier Green Airlines has signed a long-term wet-lease contract with German Airways to provide two Embraer E190-100LRs to support its network expansion.

Spanish flag-carrier Iberia has announced an ambitious summer program, resuming scheduled flights to many past destinations and adding capacity on its busiest routes as more travel restrictions lift.

One week into a de facto partial fleet grounding, Boeing continues to evaluate the scale and needed steps to correct 737 MAX electrical system problems—an issue that extends beyond the area originally flagged by the manufacturer.

Although corporate travel remains severely depressed, Delta Air Lines is seeing encouraging signs that some business demand could materialize later in 2021.

A new study from the U.S. Centers for Disease Control and Prevention (CDC) found that blocking middle seats in an aircraft cabin can reduce the risk of coronavirus exposure by more than half, undermining a year’s worth of airline claims about the safety of flying during the pandemic.

Aircraft carrying the Flybe name are planned to be back in the air later this year following the sale of the failed UK regional carrier’s assets to a new company.

Kuwaiti LCC Jazeera Airways is planning to increase its capital as it seeks to mitigate the financial implications of the coronavirus pandemic.

AirBaltic said it is seeing some positive signals on travel demand as it posted a €265 million ($317 million) net loss for fiscal 2020.

Qantas and Virgin Australia are continuing to ramp up their domestic services to nearly pre-pandemic levels, with both airlines bringing in more aircraft to boost their domestic fleets.

Vietnamese start-up carrier Bamboo Airways has confirmed that it is planning to list on the New York Stock Exchange (NYSE), perhaps in the current second quarter, to raise the capital that can fuel its expansion.