Central and Eastern European carrier Wizz Air is set to issue its first bonds, adding a further €500 million ($607.5 million) to its already strong liquidity position.
A new $1.5 billion leasing platform called KLA Aviation Finance is being formed, through a strategic partnership between opportunistic investor Kennedy Lewis and aircraft management specialist Arena Aviation Capital.
Spanish LCC Volotea ended commercial operations with its remaining eight Boeing 717-200 on Jan. 10 after nearly a decade of service with the Barcelona-based carrier.
China National Aviation Holding, COMAC and Grand China Air are among nine Chinese companies blacklisted Jan. 14 by the U.S. Defense Department (DOD) for their alleged relationships with the Chinese military.
South Korean LCC Eastar Jet has become the latest carrier to launch a rehabilitation process through the bankruptcy court in an effort to emerge with stronger financial backing.
A 51% stake in Tel Aviv-based Israir Airlines has been sold to BGI Investments, a firm controlled by supermarket tycoon Rami Levy and food trader Shalom Haim.
France has set out new stricter travel measures in an attempt to slow the spread of the coronavirus, requiring arrivals to the country from outside the EU to take a COVID-19 test both before departure and after a period of self-isolation on arrival.
The Indonesian ministry of transport has ordered the inspection of all Boeing 737 Classics in the country—consisting of the 737-300,-400 and -500 variants—follo
Investors are still looking for signs of reassurances that Boeing is still protecting its ability to ultimately bounce back with new products later this decade.
Delta Air Lines sees profitability on the horizon this summer once market conditions respond to widespread vaccine distribution and growing consumer confidence in air travel.
Airline passengers who disrupt flights in the U.S. face fines of up to $35,000 and possible imprisonment under an amended order announced by the U.S. FAA.
The small African nation of Lesotho has banned all flights, both domestic and international, as a precautionary measure to combat the COVID-19 pandemic.
Rolls-Royce has powered up the first engine in its newly completed £90 million ($123 million) Testbed 80 facility in Derby, England, marking a key step towards its official commissioning for testing future engines, including the company’s upcoming geared UltraFan.
The UK’s aviation regulator, the Civil Aviation Authority (CAA), will provide technical assistance to Armenia to improve the small Eurasian nation’s safety performance.
Oman Air is continuing to restore its network, increasing to 25 the number of cities to which it connects from its Muscat International Airport (MCT) hub.
Responding to a newly imposed additional layer of Canadian COVID-19 restrictions, Air Canada said it will reduce 25% of its planned capacity for the balance of the 2021 first quarter.
Kazakhstan-based LCC FlyArystan looks to double its passenger numbers in 2021 to three million by launching 14 new routes and adding three more Airbus A320s.
