8 January 2021

Historic partnership struck between Etihad Aviation Training and Israir Airlines

Subsequent to the signing of the Abraham Accords peace agreement, Israer Airlines has signed an agreement with Etihad Aviation Training (EAT), part of which includes a ‘dry lease’ enabling the Israeli carrier to train its pilots on EAT’s Airbus A320 full-flight simulator in Abu Dhabi using its own instructors. EAT offers a wide range of […]

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Lufthansa raised €500 million in aircraft financing in second half of 2020

Since July 2020, Deutsche Lufthansa AG has raised a total of around €500 million by using aircraft as security in eight financing transactions. This enabled the Group to secure additional funds on top of the €1.6 billion raised via a convertible bond and a corporate bond. The five Airbus A350s and three aircraft from the

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IATA: passenger demand recovery comes to a halt in November

The International Air Transport Association (IATA) has announced that the recovery in passenger demand which had been slowing since the Northern hemisphere’s summer travel season, came to a halt in November 2020. Total demand (measured in revenue passenger kilometers or RPKs) was down 70.3% compared to November 2019, virtually unchanged from the 70.6% year-to-year decline

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Boeing to pay US$2.5 billion settlement over 737 MAX criminal probe

Boeing has entered into an agreement with the U.S. Department of Justice (DOJ), which resolves the Department’s investigation into the company relating to the evaluation of the Boeing 737 MAX airplane by the Federal Aviation Administration (FAA). As part of Boeing’s resolution with the DOJ, the Department has agreed to defer prosecution of the company,

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