A net foreign exchange loss of €269.2 million related to unhedged lease liabilities in US dollars is the main reason that Wizz Air’s half-year loss almost tripled. Despite other headwinds like high fuel costs, the ultra-low-cost airline produced a positive...
Thanks to restructuring its cost base and benefitting from strong demand, Virgin Australia expects to return to profitability in the second half of its financial year 2023 which runs until July. The carrier has removed A$300 million in annual costs and transformed its...
With news out this morning, Embraer’s EVE program took another big win. United Airlines has a $15 million investment and a conditional purchase agreement for 200 four-seat electric aircraft plus 200 options. This deal pushes United Airlines to the top eVTOL...
Virgin Australia will grow its Boeing MAX 8 fleet next year by adding another four aircraft to the fleet, which doubles the number of MAX 8s to eight. The new aircraft come in to support the airline’s growth program and sustainability strategy. Virgin Australia is in...
August 10, 2022, will go into aviation history not as the most significant day, but as a very important one to Boeing. The airframer has delivered the first 787 since the production pause in May 2021, and will – hopefully- be able to close the book on one of the...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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