31 January 2022

Aeromexico escapes bankruptcy with new controlling shareholders

As one of three Latin American carriers which have filed for bankruptcy protection since the outbreak of the COVID-19 pandemic, Aeromexico has received court approval for its restructuring plan. “I could not be more pleased to tell you the plan of reorganization is confirmed,” U.S. Bankruptcy Judge Shelley Chapman commented after the agreement to pay […]

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Spain’s Supreme Court has ruled that staff pay cuts and working condition changes imposed by Ryanair during the COVID-19 pandemic were unlawful

Ryanair posts third-quarter net loss of €96 million

Ryanair has released that Q3 scheduled revenues increased 345% to €0.79 billion as traffic recovered strongly from 8.1 million to 31.1 million guests (at an 84% load factor). Despite a strong start to Q3, especially the school’s mid-term break in October, the Omicron-variant and return of travel restrictions in early December, significantly damaged (higher yielding)

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FL Technics Engines Services receives ISO EN 9110:2018 certification to maintain CFM-family engines

FL Technics Engine Services has received ISO EN 9110:2018 approval, certifying teams’ operations to serve CFM-family engines at full scale, including repair, replacement, installation, rectification and preservation services. Provided at the FL Technics base maintenance and hub painting location, such service creates a unique value for aviation operators and lessors to leverage benefits, with an

FL Technics Engines Services receives ISO EN 9110:2018 certification to maintain CFM-family engines Read More »

Alaska Air Group delivers strong fourth-quarter 2021 and full-year results

Alaska Air Group has reported another quarter of improvement in its financial results for the fourth quarter and full year ended December 31, 2021. The Group reported net income for the fourth quarter and full year 2021 under Generally Accepted Accounting Principles (GAAP) of US$18 million and US$478 million respectively. These results compare to a

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Swissport to provide passenger services for Eurowings at Cologne Bonn Airport

Swissport in Germany has won a major contract from Eurowings at the airline’s home base at Cologne Bonn Airport. The cooperation covers passenger services and aircraft turnaround coordination and will start this summer. For the new contract, Swissport will hire approximately 180 new employees. The new contract between Swissport and Eurowings, the leisure airline of

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