Malaysian ultra-low-cost long-haul airline AirAsia 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…
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…
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…
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…
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…
News: Delta announced yesterday that it will retire its fleet of Boeing 777 aircraft permanently after its grounding for the COVID-19 crisis. Delta currently has 18 Boeing 777s, including 10 777-200LR models used on ultra-long-haul routes. The 777 first joined…