American Airlines will implement a phased suspension of additional long-haul international flights from the U.S. starting on March 16. This suspension will last through May 6. This change is in response to decreased demand and changes to U.S. government travel restrictions due to coronavirus (COVID-19). The airline will reduce international capacity by 75% year over […]
Faced with growing restrictions on the possibility of travelling and a strong downward trend in demand which has resulted in a drop in traffic and sales over the last few weeks, the Air France-KLM Group released that it is obliged to significantly reduce its flight activity over the next few days, with the number of
Air France to ground A380 fleet, KLM Boeing 747 fleet Read More »
The European Union Aviation Safety Agency (EASA) has issued a safety directive to reduce the risk of spread of the novel coronavirus through flights to and from high risk areas. This is the first EU-wide operational measure to control the spread of COVID-19 in Europe. The safety directive specifies measures to be taken for flights
EASA issues safety directive to combat spread of COVID-19 via airline travel Read More »
The Executive Board of Deutsche Lufthansa AG has decided to propose to the Annual General Meeting that the dividend payment for the financial year 2019 be suspended. Lufthansa Group closed the year 2019 with an adjusted EBIT of €2,026 million (US$2,269 million). The adjusted EBIT margin was 5.6%, within the range of the 5.5% to
Lufthansa Executive Board proposes suspension of dividend payment Read More »
CAVU Aerospace has increased capacity for short-term and long-term storage, maintenance and dismantling at their Roswell, NM. (KROW), Victorville, CA. (KVCV) and Stuttgart, AR (KSGT) facilities. With the global health crisis, the aviation industry is seeing there will be a rapid increase for support of aircraft storage and maintenance. CAVU Aerospace continues to provide quality,
CAVU Aerospace increases capacity for short-term and long-term storage of aircraft Read More »
United Airlines Holdings Inc (United Airlines) has confirmed that it has entered into a US$2 billion term loan facility to be repaid on its maturity date of March 8, 2021. The carrier has indicated that the funds are to be used to pay certain transaction fees and expenses, and for general corporate purposes. Currently, airlines
United Airlines borrows US$2 billion to pay costs as Trump bans European flights Read More »
Willis Lease Finance has reported annual total revenues of US$409.2 million and pre-tax profit of US$88.9 million for the year ended December 31, 2019. The Company’s 2019 pre-tax results were driven by continued leasing revenue growth as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues
Willis Lease Finance reports annual pre-tax profit of US$88.9 million Read More »
Jackson Square Aviation (JSA), a full-service commercial aircraft lessor based in San Francisco, has delivered two new Boeing 787-9 aircraft on lease to Spanish airline, Air Europa. These two deliveries result from JSA’s ongoing PDP and SLB delivery financing commitments to Air Europa, running since 2015 through to 2021, across multiple aircraft types.
Jackson Square Aviation delivers two Boeing 787-9 Dreamliners to Air Europa Read More »
Éric Martel has been appointed President and Chief Executive Officer, and a member of the Bombardier Board of Directors, effective April 6, 2020. He succeeds Alain Bellemare. Martel joins Bombardier from Hydro-Québec, where he has served as President and Chief Executive Officer since July 2015. Prior to joining Hydro-Québec, he held several leadership positions at
New leader to take the helm at Bombardier Read More »
Despite the new travel guidelines ordered by the U.S. administration on passengers from the European Union, Switzerland and other countries, Lufthansa Group Airlines will continue to offer flights to the U.S.A. from Germany, Austria, Switzerland and Belgium. The Lufthansa Group will continue operating flights from Frankfurt to Chicago and Newark (New York), from Zurich to
Lufthansa Group Airlines continue operating to the U.S.A. Read More »
