Norwegian Air Shuttle wants to cancel all remaining orders for the Boeing MAX 8, or in total 92 aircraft. It also notified Boeing it wants to terminate the purchase agreement for five 787-9s, the airline said in a notice published…
Chinese airframer Comac hit an important milestone on June 28 when it simultaneously delivered three ARJ21 regional jets to the country’s biggest airlines: Air China, China Eastern, and China Southern Airlines. For the type, it means a breakthrough as until…
Virgin Australia seems to have escaped insolvency and liquidation after Bain Capital Private Equity has been selected as the preferred buyer of Australia’s second airline, it emerged on June 26. Bain has entered into a sale and implementation agreement with…
The Dutch government finally agreed on the state aid package for KLM on June 26, announcing the airline will receive EUR 3.4 billion in loans and state-guaranteed loans. A majority of Dutch parliament approved the package on July 2, but…
Qantas will reduce costs in the next three years by $15 billion, including the reduction of 6.000 jobs and parking of some 100 aircraft for the coming twelve months. All twelve Airbus A380s will enter deep storage until at least…
After a tense week full of uncertainties, Lufthansa Group finally concluded the EUR 9 billion stabilization package at the June 25 shareholder meeting. The airline gained the support of critical major shareholder Heinz Hermann Thiele on the night before the…