Air Baltic is throttling up as most airlines scrap jet orders
Airlines are doing everything they can to scrap or delay jetliner deliveries amid an unprecedented collapse in air travel. Not… Read More »
GE enters into $15 billion loan agreement
General Electric entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday. The current… Read More »
United Airlines sells $1 billion of stock
United Airlines Holdings announced a public offering to raise more than $1 billion, the first major airline to sell equity… Read More »
China Development Bank and General Electric cancel Boeing 737 MAX order
China Development Bank (CDB) Financial Leasing announced on Monday it had agreed with Boeing to cancel the purchase of 29… Read More »
Dallas-based private jet business grounds planes
California transplant JetSuite saw its business evaporate in late March. JetSuite, a Dallas-based private aviation company, is shutting down operations… Read More »
Airbus puts six jets made for AirAsia up for sale as crisis deepens
Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s… Read More »
United Airlines sells 22 planes to Bank of China Aviation
United Airlines will sell and lease back 22 planes to Bank of China (BOC) Aviation, a statement from the aircraft… Read More »
China’s CDB Financial cancels purchase of 29 Boeing 737 MAX jets
China Development Bank (CDB) Financial Leasing said it had agreed with Boeing to cancel the purchase of 29 undelivered 737… Read More »
South African government turns down latest SAA appeal for funds
One of Africa’s oldest airlines moved a step further towards disappearing after the South African government turned down an appeal… Read More »
Airbus chief calls for government support for shift to lower-emission jets
Airbus CEO Guillaume Faury is proposing a government support program to help airlines convert their fleets to more environmentally friendly… Read More »
Airbus furloughs 3,000 aerospace workers in France
Airbus will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the… Read More »
GE aircraft leasing cancels 69 737 MAX orders
General Electric aircraft leasing subsidiary on Friday canceled 69 orders for Boeing grounded 737 MAX jets as it evaluates its… Read More »
Boeing to restart operations at Philadelphia area plants next week
Boeing said on Friday it would resume operations at production facilities in Philadelphia next week after a two-week suspension due… Read More »
South African Airways nears collapse
South African Airways plans to lay off its entire 4,700-strong workforce after failing to persuade the government to provide more… Read More »
US airlines have to pay price of ‘loyalty’
The US Treasury Department is in talks with some airlines about accepting their loyalty programs as collateral against government loans… Read More »
Virgin Atlantic told to resubmit proposal for bailout package
Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after… Read More »
United cuts May flights by 90% and tells employees to brace for job cuts
United Airlines Holdings said that it has cut its flight schedule by 90% in May and expects similar cuts for… Read More »
The new Air Force One Boeing 747-8s will cost $4.7B
Everything aviation is expensive. It’s just a fact. Everything military aviation is really expensive. That’s also an unfortunate fact. Everything… Read More »
WestJet to layoff 1,700 pilots due to COVID-19 pandemic
WestJet is laying off 1,700 pilots across the airline, as well as WestJet Encore. WestJet is confirming the pilots have… Read More »
Two chief Turkish Airlines pilots die from COVID-19
Two chief pilots from Turkey’s flag carrier died from the novel coronavirus this week, according to the head of Turkey… Read More »
Jet fuel demand to remain low as airlines buckle up for tough ride
Demand for flights and jet fuel could take years to recover from the coronavirus crisis as airlines struggle to survive… Read More »
Airbus puts off planned production ramp-up of A220 jet
Airbus is delaying the planned Canadian production ramp-up of its A220 jet by a year, a company spokeswoman said, as… Read More »