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NewsSIA Group’s passenger numbers fall 91% in March
Singapore Airlines Group carried 100,100 passengers in March, down nearly 91% year on year amid coronavirus-related travel restrictions.
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Vietnam Airlines outlines measures to bolster financial position
Vietnam Airlines has outlined various support measures to improve its financial position following its losses in 2020.
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Air Baltic’s operating loss balloons to €202 million amid crisis
Air Baltic posted a €202 million ($242 million) operating loss in 2020 amid the pandemic, swinging from a €27 million EBIT profit in the previous year.
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Russia’s S7 to sell off Cyprus Airways stake
Russia’s S7 Group is looking to sell its 36.9% stake in Cyprus Airways.
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Further consolidation among top lessors unlikely: rating agencies
Major rating agencies do not expect the AerCap-GECAS merger and the sale of FLY Leasing to Carlyle Aviation Partners will lead to much further consolidation among larger rated lessors.
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Gol slashes April capacity as Brazilian Covid-19 cases rise
Gol will operate 50 aircraft in April, down from 63 the previous month, in response to reduced demand for air travel as Brazil battles rising Covid-19 infection rates.
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Germany’s Sundair exits restructuring process
German leisure carrier Sundair has emerged from its ‘protective shield’ restructuring process after five months of reorganisation.
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Tarom to sell half of its fleet
Romanian carrier Tarom has put 14 aircraft up for sale, including all of its Airbus A318s, Boeing 737-300s and 737-700s.
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Nok Air secures final one-month extension on rehabilitation plan
Nok Air has been granted a second and final one-month extension, until 15 May, to submit its rehabilitation plan.
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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.
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Virgin Australia-Alliance Airlines partnership gets green light
The Australian Competition and Consumer Commission (ACCC) has given the go-ahead for Virgin Australia to cooperate with Alliance Airlines on several regional and short-haul international routes.
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Emirates’ Clark fears 777X jets could arrive five years late
Boeing’s 777X programme is in “a state of disarray”, in the view of Emirates Airline president Tim Clark, who has revealed that the Middle Eastern carrier may not receive its first of the aircraft until as late as end-2025 – over five years later than scheduled.
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Comair delists to access government-backed financing
South African carrier Comair is delisting from the Johannesburg stock exchange in a move which will allow it to access government-backed financial support.
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South Korean start-up Air Premia receives first aircraft
South Korean carrier Air Premia has received its first aircraft, a new Boeing 787-9 from Air Lease (ALC).
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Italian start-up Ego Airways begins Embraer E190 flights
Italian start-up Ego Airways has launched operations with a single leased Embraer 190, and plans to expand its fleet to include two additional E190s.
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SpiceJet signs MoU for financing of 50 aircraft
SpiceJet has signed a memorandum of understanding (MoU) with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks.
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Alliance Airlines cleared for commercial operations with E190s
Australia’s Alliance Airlines will on 10 April launch commercial service with its recently acquired Embraer E190 fleet, out of Adelaide and Darwin.
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Vietnam targets daily international flights from September
Vietnam is eyeing the resumption of regular international passenger flights, targeting daily flights to partnering jurisdictions in September.
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Air New Zealand sees 90% recovery in domestic business travel
Flag carrier Air New Zealand has reported domestic business and corporate travel returning to 90% of pre-Covid-19 levels, based on its latest figures.
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CDB Aviation signed more leases in 2020
CDB Aviation signed more new leases and new financing transactions in 2020 compared with the year prior, although its aircraft sales fell and it acquired fewer aircraft.
