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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Luftfahrtgesellschaft Walter declares insolvency

Financial

Luftfahrtgesellschaft Walter (LGW) has filed for insolvency in its own administration with the Düsseldorf Local Court. On Wednesday, April 22, attorney Dirk Andres was appointed as provisional administrator. Attorney Michael Wilbert will also join the company’s management as a further managing director. In view of the current economic situation in the aviation industry, there is

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Air New Zealand revises international network

Airlines & Routes

Air New Zealand will not resume operation of its suspended Auckland-Buenos Aires and Los Angeles-London routes due to the deep impact of COVID-19 on forward travel demand. The airline has also taken the decision to postpone the commencement of its non-stop Auckland-New York service from October 29, 2020 until late 2021 at the earliest. Along

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IAG looks to renegotiate purchase price of Spain’s Air Europa

Financial, Top Stories

In November 2019, International Airlines Group (IAG) agreed to buy Spanish-owned Air Europa for one billion euros (US$1.13 billion), subject to European regulatory approval. In March this year IAG, which also owns Spanish carriers Iberia and low-cost carrier Vueling, agreed to offload a number of routes to fellow Spanish carrier Volotea which would reinforce competition

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Moscow Domodedovo opens COVID-19 testing site at the airport’s medical care facility

Other News

Moscow Domodedovo Airport has set up a coronavirus testing service. Passengers can take the test at the airport’s medical care facility. The testing procedure takes approximately 15 minutes and the results will be sent via email. Passengers have to provide an ID-card to take the test and have to be free of symptoms of respiratory

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Lufthansa in talks to receive government aid

Financial

The Lufthansa Group has published preliminary results for the first quarter of 2020. On a preliminary basis, Group revenues fell by 18% to €6.4 billion (previous year: €7.8 billion) in the first quarter. In March alone, revenues declined by almost €1.4 billion. Cost reductions could only partially offset the revenue decline in the quarter. On

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COVID-19 troubles are only beginning for Boeing and Airbus following ICAO forecast, says GlobalData

Other News

Following the release of the International Civil Aviation Organization’s (ICAO) air travel forecast projecting a 1.2 billion travelers drop and US$160 billion to US$253 billion in revenue losses for the air travel industry in 2020. Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the future

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Aeronexus International acquires control of PRIVAJET

Uncategorized

Aeronexus, a leader in the wide-body VIP charter market, has acquired a controlling interest in the ten-year old aircraft management company, PRIVAJET of Malta, which will become an Aeronexus Group Company. PRIVAJET was specifically chosen to join the Aeronexus Group because of the synergy of its impeccable safety record, professional management and vast experience in

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Delta Air Lines posts first-quarter net loss of US$534 million

Financial

Delta Air Lines has reported financial results for the March quarter of 2020, posting a net loss of US$534 million. Total revenue of US$8.6 billion, was down 18% versus the prior year, with total unit revenue down 13%. Total expense decreased US$450 million driven by lower fuel usage, partially offset by higher revenue- and capacity-related

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Probe into Boeing-Embraer deal by EU antitrust regulators continues

Other News, Top Stories

On October of last year, the probe by European Union antitrust regulators into Boeing’s acquisition of the commercial aircraft arm of Brazilian Plane manufacturer Embraer came to a halt as it waited for the provision of additional documentation that had been requested. This so-called “stop the clock” intervention ended on April 7 this year after

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Heike Tamm

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

Luftfahrtgesellschaft Walter declares insolvency

Air New Zealand revises international network

IAG looks to renegotiate purchase price of Spain’s Air Europa

Moscow Domodedovo opens COVID-19 testing site at the airport’s medical care facility

Lufthansa in talks to receive government aid

COVID-19 troubles are only beginning for Boeing and Airbus following ICAO forecast, says GlobalData

Aeronexus International acquires control of PRIVAJET

Delta Air Lines posts first-quarter net loss of US$534 million

Probe into Boeing-Embraer deal by EU antitrust regulators continues

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