Airlines & Lessors

Chinese carrier Juneyao Air and its subsidiary 9 Air remain committed to expanding their collective fleet, despite recording a CNY485.5 million ($74.7 million) net loss for 2020.

SkyUp is to launch flights between Kyiv Boryspil and London Luton this summer as the carrier continues its ambitious European expansion.

Plans to start a new airline to provide flights from New Zealand to the Cook Islands have been suspended.

Virgin Atlantic should be flying its full fleet again by October or November, according to its CEO, who predicted yields would start to stabilize from the start of 2022.

Emirates Group is entering into talks with the government of Dubai about further financing options to shore up liquidity in case the recovery of air travel continues to be much slower than expected.

The company expects little disruption from new electrical system problem.

EgyptAir plans to help Sudan Airways get back on its feet as the latter airline emerges from a lengthy period of laboring under U.S. sanctions.

Growing U.S. domestic demand and elongating booking curves are pushing United Airlines toward achieving positive domestic leisure yields in June.

U.S. carrier JetBlue Airways has been granted regulatory approval in the UK, the country’s Civil Aviation Authority (CAA) has confirmed.

UK aviation and energy infrastructure group Esken has disposed of regional carrier Stobart Air and a small UK airport.

EasyJet CEO Johan Lundgren believes summer 2021 trading conditions will be better than summer 2020, based on the vaccine rollout and more reliable coronavirus data.

Lessor Dubai Aerospace Enterprise (DAE) has agreed to acquire 15 Boeing 737-8s, valued at $1.8 billion at list prices.

The Australian Federal Court ordered Garuda Indonesia to pay a fine of A$19 million ($14.7 million) to Australia after dropping its appeal for a price-fixing case.

The airline industry is keeping and, in some instances, raising its commitments to the environment through technologies, sustainable aviation fuels and improved operations and infrastructure.

Turkish Airlines has cut 50 aircraft from its firm commitment for 75 Boeing 737 MAXs, canceling 10 aircraft outright and reverting a further 40 to options.

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.