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Losses China’s Big Three deepen but capacity is set to recover

Losses China’s Big Three deepen but capacity is set to recover

by Richard Schuurman | May 4, 2022 | Airlines | 0 comments

Air China, China Eastern, and China Southern Airlines all reported deepening losses for the first quarter of the year. With many cities and regions in strict lockdowns, the Big Three were confronted with a significant drop in traffic. Although restrictions continue,...
The Race to Recover is on for Aircraft Lessors with Russian Customers

The Race to Recover is on for Aircraft Lessors with Russian Customers

by Ernest Arvai | Mar 1, 2022 | Aerospace, Airlines, Lessors | 0 comments

As if the pandemic wasn’t enough.  After dealing with collapsing airlines the world over as traffic almost stopped, aircraft lessors now have to confront another crisis.  And they have to do this before they fully recover from the pandemic.  The Russian...
Vietnam Airlines restructures leases as it tries to recover

Vietnam Airlines restructures leases as it tries to recover

by Richard Schuurman | Dec 17, 2021 | Airlines | 0 comments

Air Lease Corporation (ALC) has signed a comprehensive lease restructuring agreement with Vietnam Airlines, it announced on December 16. The airline has been defaulting on payments to ALC for numerous quarters this year and only started repaying this autumn. The lease...

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