Airlines & Lessors

TAP Portugal will appoint former Flybe CEO Christine Ourmieres-Widener to become the company’s new CEO.

Lufthansa Group is forecasting positive cashflow in the second quarter and aiming for an adjusted EBIT margin of 8% or more in 2024, as preparations for a capital increase begin.

Royal Jordanian has reached an agreement with one of its larger lessors and is in final negotiations with three other lessors, as part of the carrier’s post-pandemic restructuring.

Spirit Airlines plans to resume capacity growth from pre-pandemic levels during the 2021 third quarter (Q3), fueled by an expansion in Miami and faster than expected training of new crewmembers.

Air Canada is in the process of converting 767s that have been retired from its passenger fleet into freighters.

WestJet CCO John Weatherill said the carrier was committed to “putting international investments in place” to support the recovery of Canada’s economy.

Emirates Airline’s CEO says the Gulf carrier’s underlying strength and sustained profit record will help it to bounce back from the pandemic faster than many other airlines.

After a promising period of recovery near the end of 2020, Colombia began battling a third wave of coronavirus infections in early 2021.

The airline, based in the city whose name it carried, took over the Antwerp-London City Airport route previously successfully flown by Flemish carrier VLM, which filed for bankruptcy in 2016.

Milan Malpensa-based Aliscargo Airlines is launching with a pair of Boeing 777-200ERs, operating long-haul dedicated freighter flights to Asia Pacific and North American destinations.

Tajikistan-based Somon Air plans to order two Boeing 767-300ERs which could enter service in 2021.

This marked a substantial improvement from the 2020 fourth quarter (Q4), the latest data from the Bureau of Transportation Statistics shows.

As the Colombian LCC adds more Airbus A320neos, the possibilities to leverage its Medellin hub continue to grow.

Of the 12 routes served by failed airline Stobart Air, seven have been temporarily taken over by International Airlines Group-owned carriers.

Air France is expanding its schedule as the gradual reopening of French borders and the lifting of some travel restrictions allow it to offer more flights.

The move comes as European travelers seek to take advantage of easing COVID-19 restrictions.

On June 14 European Union leaders attended an official signing ceremony for the rules, which include the introduction of the EU Digital COVID Certificate.

All Stobart Air services were canceled June 12, leaving thousands of passengers searching for new flights.

The airline cited improving vaccination and demand trends, in a sign that the emergency jobs program achieved its goal of sustaining industry employment through the COVID-19 crisis.

Airlines are hoping the G7 summit in Cornwall, England, and the U.S./EU summit in Brussels will lead to North Atlantic travel corridors being put in place.

The South African government has selected Takatso Consortium as the preferred strategic equity partner to take a majority 51% stake in South African Airways (SAA).

The move comes a week after Portugal was removed from the UK green list and no further countries were added.

The timing of the move has drawn criticism from the CEO of Smartwings Group who also bemoaned that Eurowings’ parent Lufthansa had received state aid from Germany while his group had not received any from the Czech government.

United Airlines is creating a new corporate venture fund geared toward innovation and sustainability, the latest example of the carrier’s commitment to embrace new technologies in aviation.

European airline CEOs sounded an optimistic note for the summer season as they called on EU governments to proceed with a coordinated relaxing of travel restrictions to allow pent-up demand to translate into ticket sales.