Cathay Pacific says it is “on course” to double the number of destinations by the end of the year to around sixty, compared to 29 in January this year. The airline is benefitting from the relaxation of travel restrictions and…
After two difficult years that were dominated by Covid restrictions and losses, El Al Israel Airlines is gradually getting back to better days. A confirmation of that is the agreement with the Ministry of Finance last Sunday that the carrier will…
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…
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…
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…
News:Business aircraft traffic in the US is rebounding much more rapidly than commercial airline traffic. The following graph from Flight Aware shows the recovery in business aircraft traffic in a year to year comparison with 2019. While traffic has not…