Etihad Airways has reduced its core operating half-year loss by half to $0.4 billion. The airline even posted a small positive EBITDA of $0.1 million, but is still suffering from low demand across its network, it reported on August 10.…
Dubai-based lessor Dubai Aerospace Enterprise (DAE) doesn’t feel the need to grow extra quick, now that the two biggest players AerCap and GECAS are about to merge. DAE wants to grow at its own pace and mostly by purchasing aircraft…
Lessor Air Lease Corporation (ALC) has significantly scaled back plans to sell any aircraft during the rest of the year and potentially into early 2022 as well. Delivery delays of new aircraft from Airbus and Boeing have caused ALC to review…
UPDATE ALC – A dispute with Airbus over a quality issue on Qatar Airways A350s has entered a new stage. On explicit instruction of the Qatar regulators, the carrier has grounded thirteen A350s. CEO Akbar Al Baker wants Airbus to step…
Lufthansa reports a slight improvement in its financial and operational results in the second quarter of this year. Thanks to strong forward bookings, it produced a positive free cash flow of €340 million, the first time since the start of…
A combination of strong results, a progressive recovery of air travel, and the benefits of strict cost reduction programs have helped Rolls-Royce to report its first net profit since 2019. The UK-based engine and power systems maker reported a £147…