Virgin Atlantic looks back on 2021 as a year that was even more challenging than the first year of Covid. “Persistent volatility in international travel, fueled by ever-changing restrictions and testing requirements, resulted in significant losses and a decline in...
China’s three biggest airlines have all reported continued and often even deepening losses for 2021. Air China, China Eastern Airlines, and China Southern Airlines continued to suffer from the country’s strict zero-tolerance Covid policy. As the year progressed,...
UPDATE – Lessor BOC Aviation said that eighteen aircraft with a book value of $935 million may be affected by the sanctions on Russia. It is too early to say if this means that it won’t be able to repossess these aircraft, but every option must be taken into...
UPDATE – Embraer expects to increase its commercial aircraft deliveries this year to between 60 and 70, up from 48 in 2021. While higher, its guidance is still well below deliveries in previous years. The Brazilian airframer reduced its losses last year and...
Despite an “extremely challenging” start to 2022, Cathay Pacific is “resolutely committed” to protecting its position as a leading airline at its Hong Kong hub. “We have absolute confidence in the long-term future of Hong Kong. Everything we do at Cathay Pacific is in...
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