British Airways CEO Alex Cruz is to cede his role to Aer Lingus CEO Sean Doyle, as part of a management reshuffle announced by parent company International Airlines Group (IAG).
More than a year after the purchase was announced, the realities of the COVID-19 pandemic have forced both sides to re-think how much airlines are worth.
Full-service carriers in the U.S. are targeting domestic schedule cuts greater than 40% on average in November, a report from Bloomberg Intelligence shows.
LCC Norwegian has started consultations with staff at its London Gatwick base regarding more than 250 possible redundancies, as the COVID-19 pandemic shows no signs of easing.
Lessor Avolon saw an improvement in its revenue collection rate in the 2020 third quarter (Q3), but said it continued to be affected by deferral arrangements and late payments from customers.
American Airlines will transfer operations to Beijing Daxing International (PKX) from Beijing Capital International (PEK) in March 2021, joining several other oneworld alliance members at the Chinese capital’s newest airport.
Capacity offered by Brazilian operator Azul continues to grow on a month-on-month basis as the recovery in Brazil’s domestic market is making slow but steady progress.
Israel and Jordan have signed an aviation agreement that allows for flights to cross over both countries’ airspace—a move which will shorten flight times and potentially unlock new routes.
Japan Airlines (JAL) subsidiary ZIPAIR Tokyo will start its first passenger route in mid-October—six months after its original launch plans were delayed because of the COVID-19 pandemic.
Middle East Airlines has taken delivery of its third Airbus A321neo narrowbody, which is the 10,000th A320 family aircraft the airframer has rolled out.
The supervisory board of Lufthansa subsidiary Austrian Airlines has unanimously reappointed Alexis von Hoensbroech to continue serving as CEO and chairman of Austria’s national airline until 2026.
Malaysia Aviation Group (MAG), the holding company of Malaysia Airlines, is reported to have warned creditors and lessors that its owner, sovereign wealth fund Khazanah Nasional, will stop funding the flag-carrier should debt restructuring talks fail, which would push the airline into liquidation.
People are at far higher risk of being struck by lightning than of catching the novel coronavirus during a flight on a commercial airliner, the latest numbers on onboard transmissions seem to show.
Air Canada has cut sale/leaseback deals for nine of its in-service Boeing 737 MAXs, raising $365 million to help it weather the COVID-19 pandemic and adding flexibility to its future fleet plans.
The reopening of South Africa’s borders after a lengthy lockdown triggered by the spread of COVID-19 has seen regional carrier Airlink restarting international services.
Several U.S. Senate Republicans objected to a proposed standalone bill to approve $25 billion in additional airline payroll support, further complicating the path for a late-stage effort to restore tens of thousands of furloughed workers to payroll.
Polish national carrier LOT has turned in its fourth consecutive annual profit, with significant rises in both turnover and passengers carried in 2019.
British LCC easyJet said it would make its first ever full-year loss and warned it expected to fly only around a quarter of the capacity that had been planned pre-pandemic over the winter because of travel restrictions in place in its markets.
U.S. President Donald Trump called on Congress to quickly approve a standalone bill to extend the U.S. federal government’s CARES Act Payroll Support Program (PSP) until March 2021.
The Portuguese government has completed its acquisition of a further 22.5% stake in TAP Air Portugal, previously held by David Neeleman’s Atlantic Gateway consortium, increasing the state’s shareholding to 72.5%.
