Airlines are increasingly leaning on process automation to overcome the erratic demands of the COVID-19 crisis, making systems reliability even more essential, according to aviation information technology (IT) specialist SITA.
Wet-lease startup Heston Airlines, which is being created by Dublin-based lessor Genesis and narrowbody specialist Heston Aviation, has taken delivery of its first Airbus A320 ahead of a May launch.
Malaysia Airlines Group (MAG) has gained court approval of a deal to reduce lease liabilities, which clears the way for a broader restructuring and a further funding injection by the government.
Global regulators and operators moved quickly to minimize the risk of another incident involving a Pratt & Whitney-powered Boeing 777, banning them from airspac
Ever since it became obvious that the state loans and guarantees allocated to Air France-KLM to help it survive the COVID-19 crisis would not be enough, executives and ministers in the group’s home countries have been scrambling to come up with a new solution.
A group of major U.S. carriers announced plans to implement voluntary contract tracing for international arrivals, part of a Biden administration effort to better track and contain the spread of COVID-19 through commercial air travel.
British Airways (BA) has moved to further bolster its liquidity levels through the finalization or announcement of two financing agreements that will see the flag-carrier increase its available funds by £2.45 billion ($3.43 billion).
Transatlantic competition from Boston Logan (BOS) is set to intensify later in 2021 when United Airlines launches a new route to London Heathrow (LHR).
Finnair’s CEO says that the flag-carrier will emerge from the COVID-19 crisis as a leaner business and will focus on repaying debt before investing in new narrowbodies.
Despite a better performance than many airlines worldwide, Volaris is joining most operators in bracing for a tough first quarter (Q1) as conditions become more challenging.
Chorus Aviation’s leasing arm has rent relief agreements in place with “substantially all” of its customers and reports that collections in the fourth quarter improved slightly over the previous three months.
A portfolio of 12 Boeing 737-8s and two Trent 1000-powered 787-9s, previously operated by Norwegian Air Shuttle, are being remarketed following the LCC’s financial difficulties and decision to scale back its operations.
