Two months after Norwegian Air Shuttle ended transatlantic flying to focus on routes closer to home, a new Norway-based airline has unveiled plans to enter the low-cost long-haul market.
JetBlue Airways believes its new partnership with American Airlines will create flexibility to utilize more airport slots that were previously not available to the airline.
German transport-finance specialist DVB Bank has agreed to sell its entire aviation investment and asset management business to joint venture partners Strategic Value Partners Global (SVPGlobal) and EnTrust Global’s Blue Sky Aviation.
A host of U.S. airlines forecast improved bookings for spring and summer travel, driven by continued positive momentum in COVID-19 case counts and vaccinations.
UK leisure carrier Jet2 and Irish LCC Ryanair are both planning to draw down funds under the Bank of England’s COVID Corporate Financing Facility (CCFF), which is set to close March 22.
The House of Commons transport committee has urged the UK government to release its travel restart plan on April 12 and to allow international travel to resume from May 17.
China’s civil aviation regulator has suspended Donghai Airlines from applying for new routes, flights and capacity as punishment for an inflight scuffle between a pilot and a crewmember.
Australia and Singapore are holding discussions on an air travel bubble that would allow quarantine-free travel for residents between the countries from July.
The upheaval caused by the COVID-19 pandemic and subsequent ongoing logistics effort to distribute vaccines has seen the air cargo sector turned upside down.
Vietnam’s Bamboo Airways reported a pre-tax profit of VND400 billion ($17 million) for 2020 despite the air transport industry being thrown into crisis.
Lessor BOC Aviation says it is in good shape for the coming financial year, in another sign of the strengthened position of the leasing industry amid the coronavirus pandemic.
African airlines are expected to take a $6-13 billion revenue hit in 2020, while encumbered with heavy debts and high operating costs, triggering an appeal for $35 billion in financial support.
IATA is warning that Latin America is at risk for a delayed recovery from the coronavirus crisis as large portions of the region maintain quarantines and other travel restrictions.
U.S. federal lawmakers are sending airlines another $14 billion to prop up payrolls until Sept. 30, which they hope will see the industry through to recovery.
ULCC Norwegian Air Shuttle has sent details of its planned financial reconstruction to its creditors and shareholders, ahead of several hearings in the Irish and Norwegian courts that will determine its future in the coming weeks.
