Airbus sinks in the red due to coronavirus crisis
Airbus published a net loss of €481 million in the first quarter of 2020, compared to a net…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Boeing needs more money, expects several thousand layoffs
As it faces the impact of the COVID-19 pandemic on air transport, Boeing is preparing to take additional…
KlasJet adds cargo services to its portfolio
KlasJet, a family member of Avia Solutions Group and a private and corporate jet charter company, has added…
Chapman Freeborn & Avion Express team up to provide medical cargo
Over 100 tons of cargo capacity enters the market to ease demand for medical supplieswww.avionexpress.aeroBy far the largest…
El Al in talks for a bank loan backed by the government
El Al Israel Airlines has said to be in talks with Israel Discount Bank regarding a US$350 million…
Virgin Australia enters voluntary administration
Virgin Australia entered voluntary administration on April 20, 2020. The company confirmed the news, stating it was forced…
WestJet to lay off 1700 pilots amid coronavirus pandemic
One of major Canadian airlines WestJet reported laying off 1700 pilots beginning May 1. The layoffs will affect…
United reports $2.1 billion pretax loss amid coronavirus crisis
In the initial documents filed with the United States Securities And Exchange Commission (SEC), United Airlines reported a…
Situation at Europe’s biggest airlines after a month of lockdown
The outbreak of COVID-19 has seen airlines taking measures to sustain their losses due to record low travel…
CAAC：CHINA’S AVIATION INDUSTRY RECORDS A Q1 LOSS OF $5.6 BILLION
“Due to the COVID-19 pandemic, China’s aviation industry has recorded a first quarter loss of 39.8 billion yuan…
Coronavirus: Boeing offers voluntary layoff plan to employees
Boeing offered its employees a voluntary departure plan that includes early retirements to compensate for the financial effects…
Germany considers Condor nationalization after Polish sale fails
The German government could be on the verge of nationalizing the Condor, a former subsidiary of the late…
Coronavirus put airlines on the brink, IATA reports
Airlines could post a combined net loss of $39 billion in the second quarter of 2020, estimates the…
Norwegian’s poise amidst coronavirus met by investors’ skepticism
While some carriers in Europe are cutting their capacity up to 50% due to travel demand drop caused…
Etihad improves operational performance; posts massive losses
Abu Dhabi-based mainline carrier, Etihad, said it has significantly improved operational performance since 2017, when the airline group…
How the Coronavirus Outbreak Is Impacting Business Aviation
On December 31st last year, Wuhan, a city in the Hubei Province in China was exposed to a…
ANA Holdings breaks Boeing’s dry spell, opts for 12 Dreamliners
ANA Holdings (ALNPY) , the parent company of All Nippon Airways (ANA), placed a firm order for 12…
United States raises tariffs on Airbus aircraft from 10% to 15%
From March 2020, the United States will raise the customs tariffs imposed on Airbus aircraft imported from Europe…