So far, 2.9 million travelers in Brazil have been impacted by flight delays and cancellations, according to data released by AirHelp. In 2022, the number of affected passengers has doubled in comparison to the previous year. Why is this happening? Let’s find...
India’s Go First Airways (previously GoAir) is finally planning to list on the stock exchange through an initial public offering (IPO) in July, as air travel recovers from the pandemic. Go First Airways had earlier filed their offer document with the stock...
Avolon has taken a $304 million impairment on aircraft leased to Russian customers that are now subject to international sanctions. The recognition reduces the carrying value of ten aircraft to zero, the lessor said on May 3 in its Q1 results update. Avolon: $304...
Air Lease Corporation (ALC) will take an $802.4 million write-off on its aircraft remaining in Russia and which are unlikely to be repossessed, the lessor said in an SEC filing on April 22. ALC writes off 802 million on fleet in Russia. The write-off is for 21 owned...
Kenya’s national carrier, Kenya Airways is unable to repay loans from the country’s treasury. It is unable to repay interest on a $216 million (Sh25 billion) loan owed to the government in the year ended December. The loans were obtained by the airline in the face of...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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