by Richard Schuurman | Jun 7, 2021 | Airlines |
Malaysian ultra-low-cost long-haul airline Air Asia X has got a step closer to completing its financial restructuring last week. But it still faces a number of crucial negotiations with lessors and Airbus before it can resume operations as a much leaner airline,...
by Richard Schuurman | Apr 26, 2021 | Airlines |
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 aid...
by Richard Schuurman | Feb 18, 2021 | Airbus |
While the Covid-crisis is far from over, Airbus is confident that the world’s economy and air travel industry will see no further disruptions in 2021. Based on this assumption, the European OEM expects deliveries of commercial aircraft to be on par with 2020 when it...
by Richard Schuurman | Jul 7, 2020 | Aerospace |
Aircraft lessor Avolon has confirmed it has canceled more orders for the Boeing MAX. In its Q2-update, the Dublin-based lessor says it has removed commitments for 27 MAX in its 2020-2022 timeframe. These are additional to the 75 aircraft canceled in Q1 announced in...
by Richard Schuurman | Jun 30, 2020 | Airbus |
Airbus is to slash 15.000 positions before mid-2021 as it adapts to revised market conditions. The European airframer said on June 30 it needs to resize following a forty percent reduction in production after Covid-19. The announcement was expected only later in July....
