Financial

The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19) public health emergency on the global air transport industry. IATA now sees 2020 global revenue losses for the passenger business of between US$63 billion (in a scenario where COVID-19 is contained in current markets with over 100

GKN Aerospace has delivered a strong performance in 2019, with sales up 7% and operating margin up to 10.6% (from 9.9% in 2018), coupled with new contract wins, breakthrough technology developments and more than £50 million invested in key sites. During the year, GKN Aerospace has signed a contract for a large workshare on the

During the fourth quarter 2019, Avianca Holdings successfully concluded its financial reprofiling; deferring a total of approximately US$220 million aircraft operating lease and debt amortization payments and exchanging 88.1% of its US$550 million May 2020 bond. In addition, Avianca drew US$250 million stakeholder financing from United Airlines and Kingsland Holdings as well as an additional

CALC, a full value chain aircraft solutions provider for the global aviation industry, announced that it would be investing in an  Indonesian airline operating company, PT TransNusa Aviation Mandiri (TAM), through a subscription agreement with Aviation Synergy, under which the company agreed to indirectly invest and acquire a 35.68% equity interest in TAM for a

LCI, the aviation division of the Libra Group, has sealed new partnerships with two leading financial institutions as it continues to grow its fleet. The lessor has just taken delivery of a Leonardo AW169 helicopter with financing arranged from new partner, Investec. The state-of-the-art aircraft is being placed with a leading European provider of B2B

In conjunction with its 2019 financial result publication on February 7, 2020, Finnair announced that the direct financial impact of coronavirus during Q1 2020 would be relatively limited, even if the mainland China cancellations continued until the end of Q1 2020. At that time, Finnair forecasts that its capacity would increase by approximately 4% in