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…
Boeing intends to reduce its overall workforce by 10 percent or some 16.000 employees as it is confronted by the new market reality after the Covid-19 crisis, CEO David Calhoun has written in a letter to employees. The Commercial Airplanes…
International Airlines Group (IAG) has reported ‘good results’ for 2019 despite disruptions and higher fuel costs. Still, they were worse compared to 2018. IAG recorded an operating profit before exceptional items of EUR 3.285 billion, down -200 million from the…
In the never-ending saga of the Boeing MAX, a new chapter can be added to its tarnished reputation. As the New York Times reported on January 5, the FAA and Boeing have identified a potential ‘catastrophic’ issue with the wiring…
Norwegian is seeking to restructure long-term debts of $380 million by asking its bondholders extra time to repay the money, the airline said on September 2. Norwegian has two unsecured bonds that need to be repaid by November 2021 and…
Of Europe’s Big 4 airlines’ groups, International Airlines Group (IAG) has delivered the best net-result in HY1. It reported a net profit after tax but before exceptional items of EUR 806 million compared to 803 million last year or 806…