Airbus officially launches the A350 Freighter. The Board of Directors has approved the new model during a meeting in Amsterdam this week, CEO Guillaume Faury announced at the presentation of the HY1 results. Airbus reported a €2.231 billion Group profit. The freighter...
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,...
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...
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...
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...
