National flag carrier Garuda Indonesia is to halve its fleet to survive the pandemic. It is considering cutting its A330 orders and reducing the number of wide-body jets in its fleet to survive the pandemic. It is said the carrier is also considering halving its...
Emirates has enough cash to sit out for the next six to eight months but is not ruling out the need for extra funding if the recovery from the pandemic will take longer. This could be through the UAE government providing more equity or by adding more debt to the...
Boeing recorded 157 deliveries and 184 gross orders in 2020, but a downpour of cancelations have resulted in a score of -1.026 net orders, the airframer announced on January 12. This compares to 380 deliveries, 246 gross orders, and -87 net orders in 2019. The MAX...
Despite a “challenging environment”, lessor BOC Aviation is pleased with the outcome of 2020. In a weak market in which the Covid-crisis dictated events, the subsidiary of Bank of China still succeeded in arranging more lease commitments for the whole year compared to...
Air New Zealand expects to remain a predominantly domestic airline for the foreseeable future and return to long-haul flying only long-term as travel restrictions caused by Covid-19 dictate its operations. This means that 40 percent of ANZ’s long-haul international...
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