The Swedish National Debt Office has rejected Norwegian Air Shuttle’s loan-guarantee application, putting further pressure on the cash-strapped carrier, while Scandinavian Airlines (SAS) has separately secured EU approval for its state-backed refinancing plan.
Scandinavian Airlines (SAS) is aiming to complete its revised SEK14.25 billion ($1.64 billion) recapitalization by November, after providing fresh terms to appease commercial investors who balked at the company’s original proposal.
Ireland-based carrier CityJet is seeking new opportunities in the European regional market, following its exit last week from the country’s examinership process, the local equivalent of Chapter 11.
Japan’s two major airlines are continuing to trim down their domestic schedules as a second wave of COVID-19 cases dampens the country’s demand rebound.
UK LCC easyJet has raised £608 million ($796 million) from the sale and leaseback of 23 Airbus A320 family aircraft, increasing its fundraising total to over £2.4 billion since the COVID-19 crisis took hold.
The Singaporean government will support local airlines with another S$187 million ($136 million) in relief to tide over the aviation sector to March 2021 as the COVID-19 pandemic drags on.
Delta Air Lines is on track to test its entire workforce for COVID-19, as the carrier looks to reassure passengers about the safety of flying during the COVID-19 pandemic.
Despite positive signs for a recovery in domestic demand, Brazil’s Azul has reached a deal with its lessors for a significant reduction in payments for 2020 and plans to defer more than 80 aircraft deliveries to 2024 and beyond.
Alaska Airlines sees its 2020 third-quarter (Q3) capacity improving to half of its corresponding 2019 level, incrementally restoring flights while other U.S. carriers trim their schedules.
As Europe gets back to work after the traditional summer break, Air France-KLM CEO Ben Smith will be rolling up his sleeves for the next phase of plans to revamp Air France—plans which have become even more important since the COVID-19 crisis.
Trading of Thai Airways’ shares was suspended Aug. 14 after auditors declined to sign off on the carrier’s 2020 first half (H1) statements, citing “material uncertainty” from the lack of liquidity and mounting debts which may affect the value of assets and liabilities.
Cathay Pacific is the latest Asia-Pacific carrier to scale back its capacity recovery plans as COVID-19 infections spike in different parts of the region.
New Zealand’s airlines are cutting back domestic services after travel restrictions were extended because of a resurgence of coronavirus cases within the country.
Ask the Editors: Aviation in Argentina and across almost all of Latin America is in critical condition. Governments have provided little-to-no financial aid for airlines.
New analysis from Airlines for America (A4A) found that New York and New Jersey—two U.S. states hit hardest by the COVID-19 pandemic—also lost the most commercial airline service in the U.S. in July.
Average repayment periods for Fly Leasing customers have increased in recent months, but the number of lease-deferral requests is decreasing, and the company has revised its expected total deferral-related financial exposure downward.
Cowen & Co. analyst Helane Becker believes U.S. air traffic is on track to recover to 1 million passengers per day by year-end, a modest improvement from current levels, but still a far cry from the 2.5 million travelers who flew each day in 2019.
Although Cebu Pacific suffered substantial losses in the first half of 2020, the Philippine LCC predicts it will be able to secure enough extra funding to weather the COVID-19 crisis.
