Airlines & Lessors

Government-owned regional airline South African Express (SA Express) has said flights are continuing as normal, despite entering “business rescue,” which is roughly the equivalent of bankruptcy protection.

European airlines lead carriers in other regions in “a la carte” revenues, with Asia-Pacific airlines following in second place, according to a Feb

Russian regional carrier Polar Airlines will increase its traffic by 50% this year after adding six Antonov An-24 twin turboprops to its fleet, the airline said in February.

The Chinese agency has long been vexed by the multiplicity of airlines. The industry crisis has prompted it to propose consolidation.

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For airlines, virus outbreaks—and the public response to them—have rapid impacts and bring complicated responsibilities.

Cathay Pacific has once again increased its planned capacity cuts as the carrier responds to a precipitous decline in traffic due to the COVID-19

As part of a management reshuffle, Singapore Airlines (SIA) reappointed Campbell Wilson as CEO of its low-cost subsidiary Scoot. The appointment will

Both aircraft manufacturers have been forced to reduce production rates for widebodies as weak demand persists.

Continuing uncertainty over the return to service of Boeing’s 737 MAX has forced Panama’s Copa Airlines to slash capacity guidance for 2020 and push back its targeted date to deliver a unit cost performance below six cents.

Turkish carrier AtlasGlobal Airlines has halted flights after filing for bankruptcy.

Aegean Airlines entered a new era of growth Feb. 12 with the delivery of three Airbus A320neos, powered by Pratt & Whitney GTF engines.

Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.

Crediting its multiyear transformation program, the Singapore Airlines (SIA) Group posted a 10.9% year-on-year (YOY) profit growth for its fiscal 2019/2020 third quarter (Q3), earning S$315 million ($233.5 million) for the period ending Dec. 31, 2019.

A new U.S. low-cost airline being launched by a former United Airlines executive has raised $125 million and expects to start service before the end of the year.

Delta Air Lines plans to spend $1 billion over the next decade to “mitigate” all emissions from its business, investing in a wide range of initiatives to reduce or eliminate carbon emissions throughout its business.

The COVID-19 outbreak has already led to an estimated $4 to $5 billion reduction in gross operating revenues for airlines across the globe, according to ICAO.

Two Gulf LCCs, Air Arabia and Jazeera Airways, have turned in record annual 2019 profits.

Mergers and capacity reductions among Chinese airlines may result from the COVID-19 outbreak, as the Civil Aviation Administration of China (CAAC) said it will support reorganization of the industry as part of its response to the crisis.

Lessor Aircastle’s acquisition by Marubeni Corp. and Mizuho Leasing is “progressing as expected,” Aircastle CEO Michael Inglese said ahead of a Mar. 6 shareholder vote on the proposed tie-up.

Saudi Arabian Airlines Group (Saudia) has appointed Ibrahim Koshy as its new CEO, succeeding Jaan Albrecht whose contract expired at the beginning of the year.

Nigerian startup Green Africa Airways has signed an MOU for 50 Airbus A220-300 aircraft.

LCC Norwegian’s full year financial performance tumbled further in 2019, despite the airline’s switch in focus from expansion to profitability.