Air France-KLM has reported a €1.2 billion loss for the first quarter of 2021. As government lockdowns to control Covid-19 continued across Europe, the group flew 4.8 million passengers during the quarter. The figure represents a fall of 73 per cent year-on-year. In a statement the carrier added: “Due to the stricter lockdown in France […]
International Airlines Group (IAG) is launching an €800 million bond issue as the shutdown of international travel in response to Covid-19 continues. The group, which owns British Airways, Iberia and Aer Lingus, will offer the bonds on May 18th, with repayment due in 2028. The offering is being issued by IAG under the powers delegated […]
Boeing has announced a $10 million emergency assistance package for India to support the country’s response to the current surge in COVID-19 cases. The assistance from Boeing will be directed to organizations providing relief, including medical supplies and emergency healthcare for communities and families battling COVID-19. The Boeing team in India totals 3,000 employees, in […]
Malaysia Airlines have announced that it has agreed with planemaker Boeing to defer its 737 MAX deliveries. The order for 25 of the jets still stands, and the planes will arrive with the airline from 2024 onwards over the course of three to four years. Deliveries of Malaysia’s MAXs were initially scheduled to commence in […]
Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900s and four Boeing 787-10s, raising approximately S$2.0 billion in total. The transactions were arranged by four different parties, as follows: Lease Arranger Aircraft Aergo Capital Limited 1 Airbus A350-900 1 Boeing 787-10 Altavair 4 Airbus A350-900s EastMerchant / Crianza Aviation 1 […]
As American Airlines continues welcoming customers back to the skies, the airline is reopening additional Admirals Club lounges and adding enhancements to give customers more peace of mind when traveling. Lounges reopening in May include the Phoenix Sky Harbor Airport (PHX) Admirals Club at gate B7 and the Miami International Airport (MIA) lounge at gate […]
Airbus has reported consolidated net income of €362 million for the first quarter of 2021, compared to a net loss of €481 million for the same period last year. Consolidated reported earnings per share stood at €0.46 for the first quarter, up from a loss of €0.61 per share last year. “The good quarter one […]
Ryanair has been ordered to pay compensation to passengers who saw flights cancelled as the result of industrial action in 2018. The High Court said the thousands of people affected by cancellations or delays during strike action by pilots and cabin crew in 2018 should be compensated. The low-cost carrier claimed that “extraordinary circumstances” applied, […]
JetBlue Airways has taken delivery of its first A321LR aircraft from Airbus. The planes, of which the carrier has 13 on order, will be utilised to launch highly-anticipated transatlantic services. This will include flights to London, which will begin later in the year. In addition to the new A321LRs, the airline also has on order […]
Lufthansa Group has confirmed it will continue its fleet modernisation with a new order for five 787-9 Dreamliners from Boeing. The incremental order further supports efforts to reduce complexity in its long-haul fleet and improve overall environmental performance by introducing more fuel-efficient widebody jets. “We are very pleased that five more Boeing 787-9s will accelerate […]
