Factory-delivered Airbus A350-900s will be the first aircraft in the Lufthansa fleet to receive the new Allegris First Class Suites in 2024. Next will be the 777-9s that the German airline hopes to receive in 2025, while the in-service 747-8Is will…
Colombia’s ultra-low-cost carrier Viva Air may not survive much longer. The airline is –according to recent reports– days away from formally ceasing operations as it painfully awaits the government approval of its merger with Avianca. Losing ground by the minute…
Tough times for small US airlines
Delhi-based low-cost airline SpiceJet has restructured over $100 million outstanding dues to lessor Carlyle Aviation Partners (CAP). The lessor takes equity shares and compulsorily convertible debentures (CCDs), the airline announced on Monday. Once the transaction is completed, CAP will have over…
Air India is to use a combination of cash flows, likely induction of funds from the shareholders, and exploring other options such as sale and lease back to finance its order for 470 aircraft which has a book value of $70…
Thai Airways slipped back into a loss in 2022. While the airline benefitted from the recovery of passenger traffic and tourism, expenses were also higher. A gain on debt restructuring that contributed positively to the 2021 results was lacking last year,…