May 26, 2020 4:28 am ET
Top Story
May 26, 2020 12:09 am ET
May 21, 2020 12:00 am ET -
Airbus Reaches A220 Milestone With New U.S. Production Facility
Airbus’ U.S. production capabilities have begun a new chapter following the inauguration of the newly completed 270,000-square-foot hangar designed to host the final assembly line of the A220 commercial aircraft. This facility, situated in Mobile, Alabama consists of five primary…
May 20, 2020 1:48 pm ET -
Chinese Government-Backed Lessor Takes Stake in Norwegian Air
Amid the coronavirus pandemic, revenue sources of most airlines are petrified, thus forcing them to struggle to maintain the survival of their business. BOC Aviation, a global aircraft leasing company and a subsidiary of the state-owned Bank of China, has…
May 17, 2020 8:00 am ET -
Singapore Airlines Posts Heavy Losses Over Ineffective Fuel Hedging
Last week Singapore Airlines posted the first full-year loss of its almost 50-year history amid a collapse in demand due to the COVID-19 pandemic and some heavy losses on its fuel hedging policy. The airline recorded a net loss of…
May 9, 2020 1:32 pm ET -
A Week of Positives for an Ailing Airline Industry
The airline industry has ailed in pain for the last several months because of a virtually unprecedented downturn in travel demand due to the COVID-19 pandemic. Airlines across the globe have been reporting multi-billion dollar losses and load factors in…
May 8, 2020 9:10 am ET -
IAG Signal ‘Meaningful Return’ to Service in July; Post Q1…
International Airlines Group (IAG), the parent company of British Airways, has announced a first-quarter (Q1) loss for 2020 of €535 million ($579 million). This compares with an operating profit of €135 million ($146 million) for the same period last year.…