July 3, 2020

Five American airlines agree deal on government loans with U.S. Treasury

Under a US$25 billion emergency loan program, five American airlines have confirmed they have successfully concluded negotiated loan deals with the U.S. Treasury. Unlike previous financial assistance in the form of payroll assistance which did not have to be repaid, this new financial aid will be in the form of a repayable loan, though the […]

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ACI and IATA call for governments to bear costs of public health measures

Uncategorized

Airports Council International (ACI) World and the International Air Transport Association (IATA) have urged that costs related to public health measures aimed at mitigating the spread of communicable diseases should be borne by governments. The COVID-19 pandemic’s effect on the industry and broader economy has halted aviation at global level, leading to multi-billion losses in

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Ryanair and U.K. pilot union BALPA agree on pay cuts

Airlines & Routes

The British Airline Pilots Association (BALPA) has accepted a four-year agreement for Ryanair’s U.K. pilots, which includes a 20% pay reduction restored over four years, along with productivity improvements on rosters, flexible working patterns and annual leave to minimize U.K. pilot job losses. The BALPA agreement was accepted by 96% of Ryanair’s U.K. pilots on

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Tor-Arne Fosser joins Norwegian as Executive Vice President Airline Ecosystem

People

Tor-Arne Fosser will join Air Shuttle ASA, trading as Norwegian, as Executive Vice President (EVP) Airline Ecosystem from October 1, 2020. He is currently the Chief Marketing Officer for Telenor Denmark. Fosser has worked over 16 years for Telenor, where he was also Senior Vice President for Marketing in the Telenor Group. He is now

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Leonardo successfully issued €500 million bond

Financial

Leonardo successfully issued a €500 million bond (US$560 million). The offering, targeted at Italian and international institutional investors, has a 5.5-year tenor, maturity January 2026, and a fixed-rate coupon of 2.375%. The issue price was 98.933%. Coupons are paid annually in arrears. The notes will be listed on the Luxemburg Stock Exchange. The success of

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Helvetic Airways takes delivery of Embraer’s 1,600th E-Jet

Aircraft & Engines

Embraer has delivered its 1,600th E-Jet, an E190-E2 to Helvetic Airways of Switzerland. Airlines and leasing companies from some 50 countries have added Embraer E-Jets to their fleets since the first-generation jets entered revenue service in 2004. The new, highly fuel-efficient second-generation E-Jets family, the E2s, started flying with airlines in 2018. Helvetic Airways is

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Five American airlines agree deal on government loans with U.S. Treasury

ACI and IATA call for governments to bear costs of public health measures

Ryanair and U.K. pilot union BALPA agree on pay cuts

Tor-Arne Fosser joins Norwegian as Executive Vice President Airline Ecosystem

Leonardo successfully issued €500 million bond

Helvetic Airways takes delivery of Embraer’s 1,600th E-Jet

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3 July 2020

Five American airlines agree deal on government loans with U.S. Treasury

ACI and IATA call for governments to bear costs of public health measures

Ryanair and U.K. pilot union BALPA agree on pay cuts

Tor-Arne Fosser joins Norwegian as Executive Vice President Airline Ecosystem

Leonardo successfully issued €500 million bond

Helvetic Airways takes delivery of Embraer’s 1,600th E-Jet

Stay Connected

Subscribe