The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.
Qatar Airways has signed expanded codeshare agreements with Oman Air and LATAM Airlines Brasil as it broadens its range of destinations through collaboration.
Wizz Air Abu Dhabi, a joint venture between the Hungarian ULCC and Abu Dhabi state holding company ADQ, will begin operations later this month with flights from the emirate to Athens.
The Singapore government has committed another S$84 million ($63.2 million) to support the country’s struggling aviation sector in the wake of the COVID-19 pandemic.
Montenegro Airlines has ceased operations after the small Balkan nation’s government said it could find no legal route to continue to financially support the carrier.
Aer Lingus has won approval from the U.S. Transportation Department to enter into a transatlantic joint venture that also includes American Airlines, British Airways, Finnair and Iberia.
British Airways (BA) plans to transfer a small group of long-haul routes to London Gatwick from London Heathrow for the start of the airline industry’s summer season.
Abu Dhabi, the federal capital of the United Arab Emirates and one of the seven that constitute the small desert nation, has eased its strict quarantine regulations.
Heico is gaining ground with lessors as they embrace more cost-friendly options for cash-strapped airlines, the OEM-alternative-parts specialist reports.
More than 32,000 furloughed airline employees received a second lifeline from the U.S. Congress, but their newfound job security may prove to be fleeting.
Polish flag-carrier LOT has become the latest European airline to receive government funding to help tide it over the financial crisis caused by the COVID-19 pandemic.
The UK Civil Aviation Authority (CAA) has denied claims by ULCC Ryanair that a sudden change in policy has forced the airline to stop operating on 12 UK domestic and international routes.
As Canada’s airlines wait for details of specific financial aid from the government, the country aims by next summer to introduce new rules addressing large-scale flight cancellations.
