Norwegian will need additional working capital in Q1 of 2021 if it is to meet its obligations in the coming twelve months. If it fails to succeed “there is a significant risk that the company becomes insolvent and enters into…
Rolls-Royce has started a fundamental restructuring program for its Civil Aerospace division that will see the consolidation of its activities at a number of production sites. The largest reorganization in the company’s history is a direct response to the Covid-19…
Air New Zealand expects to remain a predominantly domestic airline for the foreseeable future and return to long-haul flying only long-term as travel restrictions caused by Covid-19 dictate its operations. This means that 40 percent of ANZ’s long-haul international business…
SAS is facing a crucial month of September as the airline is seekings bondholder and shareholder approval for its SEK 14.25 billion recapitalization plan. With support from the Swedish and Danish governments and major shareholder Knut and Alice Wallenberg Foundation,…
Emirates is set to announce a revision of its Boeing 777X order as it prefers to have more 787-9s over 777-9s. In an interview with Arabian Business on August 21, Chief Operating Officer Adel Al Redha confirmed that the composition…
In what has become a very familiar story since this Spring, regional aircraft lessor Nordic Aviation Capital (NAC) has also seen its positive results in the first part of the year being wiped out by the effects of Covid-19. NAC…