Aviation economics & finance news covering aircraft leasing, financial reports

Lufthansa reaches agreement with union to avoid lay-offs

Lufthansa confirmed a new deal with trade union Verdi to cut €200 million in expenses for employment protection....

Emirates battles crisis, it gets $2 billion of state aid

With Emirates battling the current crisis and finishing the first half of the year with a multi-billion loss, the Dubai...

COVID-19 vaccine news brings airlines' hope

COVID-19 vaccine news prompt airlines shares soar in US, Europe

After the news on vaccine effectiveness broke, airlines’ shares surge globally....

Rolls-Royce takes “largest-ever“ restructuring: cuts 1,400 jobs

After warnings about future job cuts in the company, Rolls-Royce started its restructuring process with 1,4000 redundanc...

Desperate times need desperate measures? Boeing sells $13M yacht

Fighting two crises at once, Boeing seemingly is desperate for cash as it sold off a luxury yacht, worth $13 million. Th...

Dutch government freezes €3.4 billion aid to KLM

The government of Netherlands froze €3.4 billion-worth of financial aid to KLM Royal Dutch Airlines (KLM), after th...

What Trump versus Biden means for Aviation industry

The US presidential election will take place on November 3, 2020. It is arguably one of the most important elections at...

Travel sector faces difficulties due to COVID-19 pandemic

Which aviation trends could lead to recovery? | David Goodger

Trends and findings from Oxford Economics forecasts of the global travel sector and possible pathways of its recovery.&n...

Despite net loss of €767 million, Airbus stops cash burn

Airbus suffers €767 million loss in Q3 of 2020. Despite that, Airbus CEO Guillaume Faury says the comp...

Saudi Arabian Airlines Airbus A330 taking off from Istanbul Atatu

Saudi Arabian Airlines sued over unpaid rent dues

A lessor seemingly became fed up with Saudi Arabian Airlines, as the former sued the airline in London over unpaid fees,...

The landing lights of easyJet airlines Airbus A320-251N flight U

EasyJet raises $398M from sales and leaseback of 9 Airbus jets

A British low-cost airline EasyJet raised total cash proceeds of $398.6 million after completing the sale and leaseback...

A turbofan engine Rolls-Royce Trent 900 the largest aircraft in

Rolls-Royce to place new shares for $2.6 billion

Rolls-Royce comes up with a plan to stabilize its balance sheet with approximately $2.6 billion. In order to mitigate th...

Virgin Australia has $75 million unpaid dues, lessor claims

Aviation PLC (AVAP), a Singapore-based commercial passenger aircraft leasing company, made financial claims on its debto...

Malaysian AirAsia secures $72 million loan

AirAsia Group, a Malaysia-based investment holding company, secured a $72 million loan from Sabah Development Bank Berha...

Boeing 787-9 Dreamliner - American Airlines, Los Angeles Internat

American Airlines posts $2.4 billion net loss, cuts cash burn

American Airlines Group, the holding company of American Airlines (AA), announced a $2.4 billion loss in Q3 2020, compar...

Illustrative Editorial of IAG website homepage

IAG reports €1.3 billion loss, continues to cut capacity

International Consolidated Airlines Group (IAG), a holding company of British Airways (BA), reported preliminary financi...

: Aerial view of Lufthansa aircraft parked at Frankfurt Airport (

Lufthansa suffers €1.26 billion loss, expects more

Deutsche Lufthansa, the largest German airline, reported an operating loss of €1.26 billion in the third quarter of...

AirAsia Philippines looks for contributor to secure fresh capital

Ricky Isla, the CEO of AirAsia Philippines, the Philippine affiliate air carrier of AirAsia Group, announced that the ai...

Nordica receives approval for €30 million state-aid package

Nordica, the national air carrier of Estonia, received approval for governmental support which would include a state-gua...

Why Vistara needs to join an airline Alliance?

Vistara commenced its flight operations back in 2015, for this reason we can call this airline a newcomer in the world o...

WTO authorizes EU to impose $4 billion annual tariffs on U.S.

The World Trade Organization (WTO) has authorized the European Union to impose tariffs on the United States (U.S.) goods...

Government denies approving $242 million loan to AirAsia Group

The Malaysian Ministry of Finance denied a media report claiming that the government of the country has granted a $242 m...

SpiceJet sued over unpaid leasing dues for more than $27 million

BOC Aviation and Wilmington Trust Services, two Ireland-based companies, sued SpiceJet, an Indian budget airline, for mo...

Rescue of Eastern Airlines: China-owned entities to inject $4.6B

China Eastern Airlines will receive a financial injection of $4.6 billion (¥31 billion) from four different state-ow...

British Airways CEO resigns amid industry’s “worst crisis”

British Airways Chief Executive Officer Alex Cruz is stepping down with immediate effect. He will be replaced by Sean Do...

Qatar Airways Al Baker predicts more airline collapses “soon”

Qatar Airways CEO Akbar Al Baker seems less-than-optimistic for the airline sector as he expects more bailouts and bankr...

AirAsia X to escape liquidation by restructuring $15.3B debt

AirAsia X, a long-haul subsidiary of AirAsia Group, announced its $15.3 billion debt restructuring scheme as a measure t...

US airlines: battle for government money dissected

On October 1, 2020, CARES act expired, and U.S. airlines - including American Airlines, Delta Air Lines and United Airli...

Average airline cash reserves warn of impending crisis

Even though governments across the globe lent a helping hand towards airlines, the aviation industry is looking at an im...

N784AV Avianca Boeing 787-8 Dreamliner departing to Bogota (BIG)

Avianca gets approval for $2 billion financing package

The Colombian airline Avianca announced that the U.S Bankruptcy Court approved its financing plan for over $2 billion, w...

Romania’s air carrier TAROM to get €19.3 million state aid

The European (EU) Commission has approved the state aid of €19.3 million (RON94 million) for TAROM, the Romanian ai...

Aviation Economics & Finance

Lufthansa reaches agreement with union to avoid lay-offs

Emirates battles crisis, it gets $2 billion of state aid

COVID-19 vaccine news prompt airlines shares soar in US, Europe

From barista to cabin crew: “I lost my job while stuck on a remote Thai island”

Captain Sinisa: don't cry over a lost job, build new skills instead

Sales reps tips for people starting a new job in a pandemic [Video]

Emirates pilot Massimo: no prospects for seasoned pilots post-crisis?

New Chair takes the reins at UK CAA at height of pandemic