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11 hours ago
2 min

IAG Iberia’s Acquisition Price for Air Europa Reduced by 50 Percent to €500 Million

The International Airlines Group and Globalia have amended the original agreement signed on November 4, 2019, under which Iberia would...

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5 days ago
3 min

Virgin Atlantic Completes Financing Transactions for Two Boeing 787 Dreamliners

The company further strengthened their balance sheet by completing financing transactions for two Boeing 787 Dreamliners. The...

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6 days ago
2 min

Delta Air Lines Announces Fourth Quarter Net Loss of $755 Million, Full Year Loss of $12.4 Billion

The company reported a fourth quarter loss of $755 million or ($1.19) per diluted share and a full year loss of $12.385 billion or...

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Jan 7
1 min

Lufthansa Raises €500 Million in Aircraft Financing During the Second Half of 2020

The Lufthansa Group has raised approximately €500 million in financing since July 2020 by collateralizing eight aircraft under favorable...

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Jan 6
2 min

BOC Aviation Reports Fourth Quarter and Full Year 2020 Operational Data

BOC Aviation Limited, a leading aircraft lessor, has a fleet of 553 owned, managed and aircraft on order with an average age of 3.5 years...

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Jan 5
1 min

AerCap Signed $8.3 Billion in Financing Transactions and Leased, Purchased and Sold 179 Aircraft in

Despite a difficult year for the industry, the global leader in aircraft leasing signed $8.3 billion in financing transactions and leased...

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Dec 29, 2020
2 min

AirAsia Reduces Stake in AirAsia India by Nearly 33 Percent

AirAsia Group Berhad has disposed of 32.67% of its equity stake in AirAsia India Limited held by the Group’s wholly-owned subsidiary...

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Dec 23, 2020
2 min

LOT Polish Airlines Receives Approval From the EC and Polish Government for PLN 2.9 Billion in Aid

The carrier received approval from the European Commission and the Council of Ministers of the Republic of Poland for an aid and loan...

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Dec 18, 2020
2 min

SAS Signs $174.5 Million Three Year Term Loan Facility Agreement

The NOK 1.5 billion (USD $174.5 million) three-year term loan facility is 100 percent guaranteed by the Norwegian Export Credit Guarantee...

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Dec 15, 2020
2 min

Transat Shareholders Overwhelmingly Approve Acquisition by Air Canada

At a special meeting of shareholders on Tuesday, an overwhelming majority of Transat shareholders voted in favor of the ‘Arrangement...

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Dec 12, 2020
3 min

Mesa Air Group Reports Fourth Quarter Net Income of $11.4 Million or $0.32 per Share

The carrier reported a full fiscal year net profit of $27.5 million or $0.78 per diluted share compared to net income of $47.6 million or...

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Dec 12, 2020
3 min

Air Transat Reports Fourth Quarter Adjusted Net Loss of $156.4 million on 96% Revenue Decline

Transat reported their fourth quarter and FY 2020 financial results on Friday with a Q4 adjusted net loss of $156.4 million or ($4.14) per..

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Dec 8, 2020
2 min

Norwegian Files for Reorganization Under Norwegian Law, Further Expanding Company Restructuring

The new filing in Norway will coexist with the company’s previous November 18, 2020 filing for Irish Examinership. The process will not...

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Dec 7, 2020
3 min

American Airlines Names Meghan Montana Vice President & Treasurer; Alison Taylor Joins GBTA Board

The carrier has promoted Meghan Montana to Vice President and Treasurer where she will be responsible for corporate finance, global...

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Dec 3, 2020
3 min

Qantas Group Publishes Market Update With Focus on Repair and Recovery

For December, the Group has reached 68 percent of pre-pandemic capacity, rising to nearly 80 percent for the third quarter. The company...

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Dec 3, 2020
2 min

SAS Reports Full Year 2020 Net Loss of $1.1 Billion on Revenue of $2.4 billion

The airline’s full year 2020 (November 2019-October 2020) net loss totaled MSEK 9,275 (US $1.1 billion) on a 55 percent revenue decline to..

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Dec 3, 2020
2 min

Lufthansa Group Finalizes Sale of LSG Europe to Gategroup

Lufthansa Group and Gategroup concluded a purchase agreement for the European operations of LSG Group in December 2019 and gategroup has...

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Dec 1, 2020
2 min

Condor Exits Protective Shield Proceedings as Financially Healthy Company

The German leisure airline has terminated protective shield proceedings and emerges as a healthy and financially sustainable company...

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Nov 30, 2020
3 min

Qantas to Outsource Ground Handling Operations at 10 Australian Airports, 2,000 Employees Impacted

The company hopes to achieve savings of approximately $100 million annually, as well as $80 million in expenditures over five years for...

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Nov 24, 2020
2 min

Mesa Air Group Signs New Five Year Contract With American Airlines to Operate 40 CRJ-900s

The new contract replaces the existing agreement which is expiring and will run from January 1, 2021 through December 31, 2025. The...

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