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?…
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…
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…
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…
Kenya Airways defaults on $216 million loan
Kenya Airways saved $45 million after it changed aircraft lease terms