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NewsStart-up Flypop to introduce A330s leased from Avolon
UK long-haul start-up carrier Flypop has agreed to lease an Airbus A330-300, as part of a deal involving several aircraft with Irish-based lessor Avolon. Flypop’s management team has been attempting to establish a new carrier for services between the UK and India for several years – originally being named ...
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Norwegian reconstruction approved by Oslo court
Norwegian has had its plan for financial reconstruction approved by a court in Oslo, opening the door for the carrier to begin raising fresh capital.
- News
Wizz Air UK experiencing few effects from UK’s EU withdrawal
Withdrawal of the UK from the European Union has not substantially affected Wizz Air UK’s operations, the airline has disclosed in its latest full-year financial statement. Wizz Air UK was set up in 2017 following the UK ‘Brexit’ referendum on leaving EU membership, and the withdrawal was completed at ...
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PIA turns in heavy full-year losses
Pakistan International Airlines has turned in a full-year pre-tax loss of Rs35.5 billion ($224.6 million), the airline’s latest financial statement reveals. The flag-carrier’s loss to 31 December 2020 was lower than the previous Rs53.3 billion despite the effects of the air transport crisis. PIA’s revenues for the year ...
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Citing pandemic uncertainty, Air New Zealand delays proposed capital raise
Air New Zealand has postponed a planned capital raise by three months, to give it more time “to assess market conditions” amid the coronavirus pandemic.
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Cheap jet lease rates mean opportunity for bold US start-ups
The Covid-19 era has also created opportunity by deflating aircraft lease rates to levels at which new players can acquire jets at fire-sale prices, say aerospace analysts.
