Atlas Air Worldwide Holdings has named Lillian A. Dukes Senior Vice President, Technical Operations. Dukes will lead the company’s technical operations, overseeing all maintenance and engineering activities at the Company, and report to James A. Forbes, Executive Vice President and Chief Operating Officer. She will have responsibility for management of the total technical operations function, […]
As a result of the corona-virus pandemic and its unprecedented impact on the air transport sector, SWISS incurred an operating loss of CHF84.1 million for the first quarter of 2020 (which compares to an operating profit of CHF 48.3 million for the prior-year period). First-quarter revenues also declined to CHF923 million, some 20% below prior-year
SWISS reports first-quarter operating loss of CHF84.1 million Read More »
Proactively and in light of the COVID-19 pandemic, shareholders of Nordic Aviation Capital (NAC), the regional aircraft lessor, agreed to inject US$60 million (€53.5 million) of new equity into the company. Separately, the company has had constructive discussions with its largest lenders over a possible debt standstill and deferral to counteract the negative impact that
Nordic Aviation Capital to inject US$60 million of new equity into company Read More »
The first aviation companies have signed up to the European Union Aviation Safety Agency’s (EASA) charter for the return to normal operations under COVID-19, pledging to work with their national authorities to put measures in place to support health safety – and to report back on their experiences to help other organisations with their real-life
First companies sign up to EASA program to monitor COVID-19 operations in practice Read More »
Singapore Airlines (SIA) has raised S$10 billion of liquidity through its recent Rights Issue, as well as a mix of secured and unsecured credit facilities. This puts SIA on a steady footing as it tackles the challenges posed by the global Covid-19 outbreak. SIA secured S$8.8 billion in liquidity through the successful completion of the
Singapore Airlines secures S$10 billion in fresh liquidity Read More »
The Civil Aviation Authority of the Cayman Islands (CAACI) has approved Eirtech Aviation Services as a Continuing Airworthiness Management Organization. This additional approval further increases the range of Eirtech’s CAMO services available to customers from aircraft airworthiness management and ARC recommendations for lease transition aircraft to supporting airlines and operator CAMO requirements. Eirtech Aviation Services
Eirtech Aviation Services receives Cayman Island CAMO approval Read More »
Bombardier Aviation will adjust its workforce to align with current market conditions reflecting the extraordinary industry interruptions and challenges caused by COVID-19. When the pandemic first arose, Bombardier Aviation responded quickly, suspending manufacturing operations to support local government efforts to slow the spread of the virus and to protect the health and safety of employees,
Bombardier Aviation to reduce workforce by 2,500 employees Read More »
