The outlook for AirAsia, one of Asia’s biggest low-cost airlines, has received a serious dent after external auditor Ernest & Young issued an unqualified audit opinion about the ability of the airline as a going concern. The impact of the…
Aircraft lessor Avolon has confirmed it has canceled more orders for the Boeing MAX. In its Q2-update, the Dublin-based lessor says it has removed commitments for 27 MAX in its 2020-2022 timeframe. These are additional to the 75 aircraft canceled…
The debate about commercial airlines currently is dominated by bailouts, loans, job reductions, and a weak demand expected to last for at least four years. But until the impact of Covid-19 on the sector became apparent, a very different and…
New York’s Southern District Bankruptcy court will be busy with another Chapter 11 case after Grupo Aeromexico has filed for bankruptcy protection on June 30. It is the third Latin American airline after Avianca and LATAM to seek protection with…
Air France intends to cut its workforce by 7.580, becoming another airline that has to adapt to the post Covid-19 situation. Earlier, it was expected that up to 8.300 staff had to go, so the announcement on July 3 is…
Airbus is to slash 15.000 positions before mid-2021 as it adapts to revised market conditions. The European airframer said on June 30 it needs to resize following a forty percent reduction in production after Covid-19. The announcement was expected only…