Garuda Indonesia plans to issue $800 million in new debt and raise $330 in fresh equity. This is part of the restructuring plan that has been presented to a court in Jakarta on June 9. Creditors of the troubled airline…
Italian airline ITA Airways continues to expand its fleet. The carrier has signed an agreement with AerCap for the lease of ten Airbus A320neo’s and two A330neo’s on long-term contracts. Last week, the first Airbus A350-900 in the striking blue livery…
Two Asia-Pacific carriers, Cebu Pacific Air and China Airlines, have each taken delivery of new aircraft types from Airbus at the tail end of November. Cebu Pacific of the Philippines received its first A330-900 on 28 November, while China Airlines of…
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Difficulties in the supply chain are holding up deliveries at Airbus, notably that of the A320neo family. But these issues are not systemic and are not having an effect on the planned production ramp-up, President and CEO Guillaume Faury said…
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.…