Coronavirus

VIRGIN ATLANTIC AIRWAYS secured financing relating to two 787s in partnership with Griffin Global Asset Management and Bain Capital Credit to

AVIATION CAPITAL GROUP closed sale of $750m of 1.950% senior unsecured notes for general corporate purposes.

Aircraft lessor Avolon and consultancy firm IBA have each issued 2021 forecasts and both predict a regionally fragmented recovery, depending on the pace of COVID-19 vaccine rollouts.

Outgoing U.S. President Donald Trump lifted travel restrictions on European and Brazilian airline passengers on his penultimate full day in office, but the incoming administration of President-elect Joe Biden immediately responded that it would not allow the travel bans to be lifted.

Lufthansa’s LCC Eurowings may hire 130 flight attendants for the summer 2021 season after reaching an agreement with trade union Verdi.

Last year was one of contrasts for El Al. As with all airlines, the Israeli carrier was impacted by a sudden and severe drop in travel demand because

The aviation and travel industries must face up to a sobering reality in 2021: Vaccines will be just a sideshow for international aviation for most of

Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.

Norwegian is dropping long-haul in a bid to survive. But if Europe’s short-haul LCCs are faring better, they still need more bookings.

Budget carriers have been taking steps to secure their activities—but they need bookings to pick up soon.

Airports in England are set to receive financial support from the British government under a new scheme, the launch of which coincides with more stringent COVID-19 travel restrictions coming into force in the country.

Despite unprecedented economic constraints, improving the safety of commercial aircraft must remain the highest priority.

NASA did not immediately say why the hot fire was cut off about 67 sec. after ignition.

Ask the Editors: Joe Biden’s choice to name recently retired General Lloyd Austin as defense secretary seems both political and personal.

All UK travel corridors will close starting early morning Jan. 18 to mitigate the spread of COVID-19.

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.

US DOT says US scheduled pax airlines employed 366,750 full-time equivalent (FTE) workers in Nov, down 19.3% vs Nov '19.

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.

Austria’s Innsbruck Airport (INN) is set to close in September for four weeks to allow a major renovation of its 2,000-m (6,562-ft.) runway.

SUN-AIR GERMANY has filed for bankruptcy after German authorities demanded repayment of almost US$10.6m.

EASTAR JET, South Korea is expected to file for court receivership in January 2021 to find a new investor.

AZUL, Brazil is expected to place new A330-900 (1952) into storage upon delivery and could keep aircraft there until 2022.

ALASKA AIR GROUP says its cash burn in 4Q20 was about $350m vs $399m in 3Q20; it expects burn of $125m-$150m in January, based on year-over-year drop

The small African nation of Lesotho has banned all flights, both domestic and international, as a precautionary measure to combat the COVID-19 pandemic.

AIRCASTLE had $2.7m net income on $180.9m revenues for third quarter ended November 30 vs $59.5m on $248.9m a year ago; it owns 260 aircraft (vs 270 a