UPDATE – AerCap, the world’s largest leasing company, expects to recognize an impairment on its assets leased to Russian airlines that have not been returned following the sanctions on Russia. The exact amount hasn’t been determined, but the impairment will…
Air Canada joins A321XLR club
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Norse Atlantic Airways is delaying its first services until June, citing uncertainties in international air travel that have been caused by the war in Ukraine. The Norwegian start-up now plans to launch ticket sales to the US in April, it said…
As if the pandemic wasn’t enough. After dealing with collapsing airlines the world over as traffic almost stopped, aircraft lessors now have to confront another crisis. And they have to do this before they fully recover from the pandemic. The…
UPDATE – Norwegian Air has drastically reduced its losses in 2021 and is showing improvements on most fronts. The effects of the deep restructuring and recapitalization are showing off, but is the airline out of the danger zone now? It…