The full-year loss of SAS Scandinavian Airlines deepened as the airline works its way through the Chapter 11 restructuring process. Despite carrying significantly more passengers in the past months, the financial results are lagging behind. SAS continues to see deep...
UPDATE Oct 5 – In an update of its Chapter 11 restructuring and financial outlook, SAS Scandinavian Airlines says it expects to return to reach an operating profit in its financial year 2024 and become net-debt free in 2026. Revenues should return to pre-Covid...
Swedish start-up Heart Aerospace has redesigned its full-electric regional aircraft from a 19-seater to a 30-seater. The airframer also announced Air Canada and Saab as new minority shareholders of the project, while also announcing new orders. Heart unveiled the...
UPDATE Sep 19 – SAS is seeking court approval to reject the lease of several aircraft and return them to their lessors. The aircraft involved include five widebodies. The Scandinavian airline filed a so-called omnibus motion with the Southern District of New...
Here is our rolling report with short aviation news for the month of August 2022: 29 – Spanish airline Air Europa has signed an agreement with AerCap to lease ten Boeing MAX 8s plus five 787-9s. All aircraft will be delivered between 2024 and 2026. Air Europa...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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