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Month July 2021

Azimuth order opens up Russia to the A220

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In between the limited commercial aviation announcements at MAKS2021 this week, there is a small but nevertheless significant one: independent Russian carrier Azimuth Airlines has signed a leasing agreement for six Airbus A220-300s. The Azimuth order opens up Russia to the A220,…

MAKS update on Russia’s latest airliners

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FULLY UPDATED JULY 22 – Russian lessor Avia Capital Services (ASC), fully owned by state-owned conglomerate Rostec, plans to establish a dedicated leasing branch in the Ulyanovsk area. While the new company will initially be focused on helicopters, it is…

Airlines’ stuck funds in African hits $601m

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The International Air Transport Association (IATA), the clearinghouse for global airlines, disclosed that over $601 million of airlines’ funds are trapped in African countries; a situation that has negatively impacted carriers operating to the continent. Nigeria is missing from the…

Aeromexico has US$138 million net loss

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Aeromexico had a US$138 million net loss during 2021’s second quarter, according to the latest financial report published by the airline. While Aeromexico’s financial performance is improving, there’s still a long way to go before it can reach profitability again. …