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Singapore Airlines Raises S$2 Billion from Sale-and-Leaseback Transactions
Singapore Airlines (SIA) announced in a press release on Monday that it has successfully completed sale-and-leaseback transactions for eleven aircraft, including seven Airbus A350-900s and four Boeing B787-10s, raising approximately S$2.0 billion (US$1.5 billion). Four different parties arranged the transactions, SIA said in a bourse filing on Monday. They are Aergo Capital, Altavair, EastMerchant/Crianza Aviation […]
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flydubai Records Major Loss Due to Pandemic
Based in Dubai, budget airline flydubai reported on Sunday May 2 a major loss of US$194 million last year, Channel News Asia reports, as its revenue fell by more than 50% in what the airline said was due to a plunge in passenger traffic as a result of the Covid-19 pandemic. The loss was also […]
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ANA Foresees Rebound Despite Annual Loss
All Nippon Airways reported the largest annual loss in its history on April 30, but the airline foresees a rebound back to profitability this financial year, with its vice president seeing “light at the end of the tunnel” after the Covid-19 pandemic. From April 2020-March 2021, ANA Holdings reported a record net loss of 404.6 billion […]
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Airbus Flies Back to Profits But Sees Turbulence Ahead
Airbus flew back into profit from January to March of the current year, as cost-cutting and restructuring measures began to take their intended effect, but the company has warned that the crisis caused by the Covid-19 pandemic is far from over. The European aircraft manufacturing giant said in a statement that it booked bottom-line net […]
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Malaysia Airlines to Test IATA App For Vaccination Status of Passengers
Malaysia Airlines announced on Thursday (April 29) that it was going to trial the International Air Transport Association (IATA) Travel Pass, a mobile application that allows passengers to verify their Covid-19 test results and vaccination status. The IATA Travel Pass is not required to be downloaded by all passengers unless the airline they are flying […]
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Boeing Reports Sixth Consecutive Quarterly Loss
Boeing reported yet another quarterly loss on Wednesday amidst a continued depression in worldwide aviation demand. But the manufacturer remained optimistic that a rebound was in sight with Covid-19 vaccination programs worldwide and the return of its Boeing 737 MAX products to services. The aircraft manufacturing giant has been in crisis mode ever since March […]
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AFI KLM E&M Inks New Deals, Prepares for A220
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) announced on April 28 that it has signed numerous new deals and service offerings for its maintenance, repair and overhaul (MRO) business. These will include new services for the Airbus A220-300 and a new deal signed with Corendon Dutch Airlines, Falgayras and Gulf Air. Based […]
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VistaJet Pledging Carbon Neutrality by 2025
Global private jet operator VistaJet is committing to carbon neutrality by 2025, racing ahead by a quarter century as compared to aviation industry goals trying to target net-zero carbon emissions by 2050. The airline also spearheaded the call for better change by not only working with, but also pushing the aviation industry to go beyond […]
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Hong Kong-Singapore Air Travel Bubble Set for May 26
The highly-anticipated air travel bubble to allow quarantine-free travel between Hong Kong and Singapore is set for take-off on May 26, six months delayed after its initially-planned launch. Initially set for November last year, the travel bubble was burst by both countries due to the then-sudden rise of Covid-19 cases in Hong Kong, signaling a […]
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Rex Continues to Expand Jet Fleet
Australian regional carrier Regional Express — better known as Rex — has taken delivery of yet another Boeing 737-800NG, which comes as the sixth to join the airline’s expanding fleet of jet aircraft. The 737, with the registration VH-RYU, touched down in Sydney from Brisbane, after emerging from the lessor’s paint facility adorned in the […]