Hong Kong’s Cathay Pacific Airways announced on Tuesday it had received the Hong Kong government’s approval to extend the drawdown period for an outstanding 7.8 billion Hong Kong dollar ($1 billion) loan facility by a year until June 2022, allowing the airline more room to manage liquidity. The bridge loan facility was part of the […]
Malaysian low-cost carrier AirAsia X has been earned shareholder approval to go ahead with the debt restructuring process, which will allow the airline to pursue a plan that is viewed as essential for survival through the ongoing pandemic crisis. This comes as seemingly better news in light of the recent seventh-consecutive quarter loss it had […]
Hong Kong’s Cathay Pacific Airways has decided to resume its flight crew recruitment for Hong Kong-based pilots again for the first time in approximately eighteen months, as the airline is getting a head start into the lengthy medium-to-long term process of rebuilding its business and surviving the Covid-19 pandemic. Cathay Pacific told its employees that […]
In 2019, Czech Airlines had placed an order with Toulouse-based aircraft manufacturing giant Airbus for four Airbus A220-300 aircraft and even chose for additional range by upgrading a previous order for three A320neo to the A321XLR. The plan was for the airline to receive and operate the new generation of Airbus aircraft by the end […]
American-based aircraft manufacturer Boeing has halted deliveries of its 787 Dreamliners, causing probable delays for airline customers following a recent five-month suspension in handing over the aircraft due to production problems. The halt in deliveries comes as Boeing is still awaiting Federal Aviation Administration (FAA) approval for the manufacturer’s proposed inspection method to see if […]
Aircraft manufacturer Airbus issued a press release on Thursday, May 27, providing an update to its suppliers, citing that it would continue to expect the commercial aircraft market to have a steady recovery to pre-Covid levels between the years 2023 to 2025, and this recovery will be led by the single-aisle segment as short-haul journeys […]
Malaysia’s flagship low-cost carrier AirAsia Group filed a stock exchange on Thursday (May 27) showing a smaller first-quarter net loss – which marks its seventh consecutive quarter losses – having narrowed by 4.5 percent. This loss was narrower as the airline was able to successfully negotiate with aircraft lessors on debt deferrals, resulting in approximately […]
Russian national carrier Aeroflot announced on Tuesday it had welcomed its first Airbus A320neo to its young fleet, becoming the first airline to operate the aircraft type in Russia. The new aircraft — registered in the airline’s home country as VP-BPQ and bearing the name of Anatoly Dobrynin, a Russian diplomat in the late 20th […]
Joining the International Air Transport Association (IATA) in its ongoing commitments to reducing the aviation industry’s carbon emissions, the Singapore Airlines Group – consisting of national carrier Singapore Airlines, budget airline Scoot and Singapore Airlines Cargo – announced on Monday in a press release that it has pledged to achieving net zero carbon emissions by […]
The Covid-19 pandemic has continuously caused severe damage to almost every industry worldwide, and the aviation sector was not spared as airlines from around the world continue to struggle. Massive declines in operating flights and passenger demand have resulted in huge losses for airlines even though many have received financial aid, with some entering administration […]
