Less than four months since launching services on June 30, the new Norwegian low-cost airline Flyr is already announcing a logic shift in its fleet strategy. It has signed a Letter of Intent with Air Lease Corporation (ALC) for the lease…
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…
The writing had been on the wall for over a year, but now it’s official: low-cost airline Norwegian is going back to its short-haul roots and will forego on long-haul operations. The airline has announced a simplified business structure on…
Despite the dire position of many airlines and the world’s economy likely to head into a recession as the recovery of Covid-19 takes longer, there are still signs that the airline industry is seen as a good investment. Take for…
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…
Singapore Airlines has ended its Q1 for fiscal year 2021 at a $-1.123 billion net loss as it saw traffic collapse by 99.6 percent, the airline reported on July 29. SIA is evaluating additional measures to adjust the size of…