airBaltic is forced to wet-lease in another four aircraft for the early summer season because Pratt & Whitney is unable to return repaired Geared Turbofan engines for its own Airbus A220-300s in time. The Nordic airline did little to hide its frustrations in a...
Norwegian low-cost airline Flyr will file for bankruptcy on Wednesday, it said tonight on its website. The carrier has been unsuccessful in raising new funding after its financial plan failed to attract investors. Flyr said on Monday that its liquidity position was...
Delhi-based low-cost airline IndiGo intends to wet lease extra aircraft to cover the shortfall for its scheduled international operations. The lease, which reportedly includes three Boeing 777s from Turkish Airlines, is “an interim measure”. A wet lease means that...
“Unforeseen challenges” as the effects of the war in Ukraine and higher fuel prices have largely negated airBaltic higher revenues in the first six months. The carrier of the Baltic States reported a €-59.3 million net loss, almost identical to the result in HY 2021...
airBaltic almost halved its net loss in 2021 and, more importantly, produced a small positive EBITDAR again. This despite the very challenging year that was dominated by the Covid-crisis, it reported on April 14. The improvements reflect a revised business model...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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