COVID forces Allegiant to can Florida resort construction
Following the extreme impact of COVID-19 on the airline and travel industry, Allegiant Travel, the parent company of US low-cost… Read More »
Air France-KLM to raise capital by mid-2Q21
Air France-KLM has announced it is planning to “implement measures to strengthen its equity and quasi-equity by May 2021”. The… Read More »
Wizz Air to enter Italian domestic market
Wizz Air (W6, Budapest) has announced it will enter the Italian domestic market on October 1, 2020, launching two new… Read More »
El Al told to act, as Sapir bids $51mn for joint control
With the passing of the August 31 deadline for a USD150 million public offering for El Al Israel Airlines (LY,… Read More »
Brazil’s GOL pays $300mn loan with helping hand from Delta
GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) has managed to pay off a USD300 million debt, plus accrued interest,… Read More »
Aer Lingus mulls moving Shannon A321 routes to the UK
Aer Lingus (EI, Dublin Int’l) is contemplating ending its transatlantic services from Shannon and moving the two A321-200NX(LR)s used to… Read More »
Fiji Airways to cut costs by further 20%, boosts cargo ops
Fiji Airways (FJ, Nadi) will look to reduce monthly costs by a further 20% when global air travel improves, managing… Read More »
Spirit Airlines backs $600mn bonds with loyalty schemes
Spirit Airlines (NK, Fort Lauderdale Int’l) is planning to issue USD850 million in five-year bonds via two newly created Cayman… Read More »
UAE’s Wizz Air Abu Dhabi adds first A321neo
Wizz Air Abu Dhabi (WAZ, Abu Dhabi Int’l) took delivery of its first A321-200NX ahead of its planned October 1,… Read More »
PIA decides against EU flight ban appeal
PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) has opted not to file a further appeal against the European… Read More »
Saudi Arabia to allow Israel-UAE overflights
Two days after the first-ever commercial flight between Israel and the United Arab Emirates, Saudi Arabia has said it would… Read More »
Qantas sells $369mn of bonds in oversubscribed issue
Qantas Group has shown that it can still access long-term funding from the bond market, issuing 10-year unsecured bonds worth… Read More »
Solomons to cut workforce by 20%
Solomons – Solomon Airlines (IE, Honiara) has announced that it will lay off 59 staff members, thus reducing the size… Read More »
India’s IndiGo completes A320neo engine replacement drive
IndiGo Airlines (6E, Delhi Int’l) has replaced faulty Pratt & Whitney PW1000-family engines powering all of its 128 A320neo Family… Read More »
FBI opens probe into defunct US carrier OneJet CEO
The Federal Bureau of Investigation (FBI) has allegedly launched a criminal investigation into defunct virtual carrier OneJet (J1, Pittsburgh Int’l),… Read More »
California’s Surf Air nets $200mn, hires industry veteran
Surf Air (URF, Santa Monica) has raised USD200 million in advance of plans to go public and has also hired… Read More »
UAE gov’t injects $2bn into Emirates
The government of the emirate of Dubai pumped AED7.3 billion dirhams (USD2 billion) into Emirates (EK, Dubai Int’l) earlier this… Read More »
Bank dangles more incentives for HDC to buy Korea’s Asiana
State-owned Korea Development Bank, the main creditor of Asiana Airlines (OZ, Seoul Incheon), has offered further financial incentives to ease… Read More »
Audit points to graft, mismanagement at Thai Airways
A governmental audit has identified multiple cases of graft, corruption, and wrong business decisions as the reasons for Thai Airways… Read More »
Pakistan’s Serene Air adds maiden widebody, an A330-200
Serene Air (ER, Islamabad Quaid-e-Azam Int’l) took delivery of its first widebody aircraft, an A330-200, on August 27, 2020. AP-BNE… Read More »
India’s SpiceJet to debut seaplane operations in 4Q20
SpiceJet (SG, Delhi Int’l) will “likely” launch its long-touted seaplane operations in the state of Gujarat on October 31, 2020,… Read More »
Wings of Lebanon suspends operations, returns 737-700
WOL – Wings of Lebanon (W7, Beirut) suspended all operations effective August 26, 2020, “due to the prevailing economic situation… Read More »