It might be a bit early to think of future fleet updates in the current market situation, but Air Canada is certainly looking at options as it prepares to exit from the pandemic in the coming months. While its fleet will…
UAE low-cost carrier flydubai reported an AED -712.6 million net loss for 2020, compared to an AED 198.2 million profit in 2019, it announced on May 2. Flydubai remains cautious after the 2020 loss. While the airline is planning to ramp…
TAP Portugal has got approval for a Covid aid package from the European Commission. The government-backed package will compensate TAP for the financial damage directly caused by the Covid-crisis between March 19-June 30, 2020. It is additional to the state…
Flag carrier TAP Portugal will have to restructure from early next year by reducing its staff by 2.000 and its fleet by at least a dozen aircraft, Portuguese Minister of Infrastructure and Habitation Pedro Nuno Santos said during a media…
Norwegian will need additional working capital in Q1 of 2021 if it is to meet its obligations in the coming twelve months. If it fails to succeed “there is a significant risk that the company becomes insolvent and enters into…
SAS is facing a crucial month of September as the airline is seekings bondholder and shareholder approval for its SEK 14.25 billion recapitalization plan. With support from the Swedish and Danish governments and major shareholder Knut and Alice Wallenberg Foundation,…