27 April 2020

Supervisory Board of airBaltic approves new business plan

The Supervisory Board of the Latvian airline airBaltic has approved the new business plan of the company, “Destination 2025 CLEAN”. The new business plan, focuses on the impact of the coronavirus crisis and adjustments that have had to be made to the existing five-year strategy. Martin Gauss, CEO of airBaltic: “The new environment of the

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Condor continues to fly

The German government and the Hessian state government have pledged their support to Germany’s leisure airline Condor, through a guarantee for a loan from the federal government’s corona-shield program. Condor will receive a loan of €294 million (US$320 million) as corona-aid as well as €256 million (US$279 million) to fully refinance the bridging loan that

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Jazz Aviation and Air Canada Cargo to operate routes with Dash 8-400 aircraft Simplified Package Freighter

Jazz Aviation and Air Canada, through its freight division Air Canada Cargo, will begin operating the recently approved Dash 8-400 Simplified Package Freighter developed by De Havilland Canada, to short- and medium-haul markets under the Air Canada Express banner. These reconfigured aircraft will carry a total of 18,000 lbs [8,165 kg] of cargo in the

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Air Hong Kong signs lease return services deal with FLYdocs

Air Hong Kong, the longest-serving dedicated freighter airline based in Hong Kong, has appointed FLYdocs, a global leader in aircraft transition management, to manage end-of-lease return services for a fleet of two Airbus A330 aircraft. The contract includes digital migration, build and audit, as well as a record project manager for the aircraft transition work. 

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Air Arabia Abu Dhabi receives Air Operating Certificate

Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has received its Air Operating Certificate (AOC), which allows it to start operating from Abu Dhabi as the fifth UAE national airline. Securing the AOC highlights that Air Arabia Abu Dhabi has all the professional capabilities, adheres to all safety regulations needed for aircraft operations and

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Air France-KLM

Air France-KLM Group and Air France secure funding of €7 billion

Following several weeks of discussions with the French state and banking institutions, the Air France-KLM Group and Air France were able to finalize various components of a support mechanism dedicated to Air France on which principle agreements are being finalized. This support mechanism is comprised of a French state-backed loan of €4 billion (US$4.36 billion)

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