American proceeds with 19,000 furloughs, asks for PSP extension

American Airlines said it will proceed with its plan to furlough 19,000 employees but will stop the process if the U.S. government extends COVID-19 relief aid....


Brazil proposes a $376 million injection to Azul Airlines

Azul Airlines, a Brazil-based carrier, received an injection proposal from the Brazilian government that could dilute its stock by up to 15%....


Virgin Australia’s creditors approve purchase terms by Bain

Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....


EVA Air’s new Dreamliners lose appeal against cargo and 777Fs

Evergreen Airways (EVA Air), a Taiwan based airline and a member of Star Alliance, has reportedly reached an agreement with Boeing to change seven 787-10 on-order Dreamliners to three 777F cargo and four 787-9 aircraft....


Rolls-Royce to reduce civil operations, workforce down by 9,000

A £5.4 billion ($6 billion) loss prompted the engine manufacturer Rolls-Royce to consolidate its civil aerospace operations. Four thousand employees were already axed with 5,000 more to follow, while ITP Aero, a subsidiary Spanish aero engine and gas turbine manufacturer, is a target of potential disposal....


Qantas reports “devastating” financial year due to A380 write-off

FY2020 was devastating for Qantas Group, whose financial results attribute more than half of its almost $2 billion statutory loss to the depreciation of aircraft value....


Azul showcases $186 million cash increase amid losses

Brazilian airline Azul revealed a net increase in cash during Q2 FY2021 while avoiding any new loans....


Lufthansa Group to cut 25% of workforce, 14 A380s to follow

Lufthansa Group reported a huge Q2 2020 loss and confirmed that it will cut 22,000 jobs from the group, including 14 Airbus A380 aircraft that will be permanently retired....


Embraer pushes back E175-E2 introduction to 2023

In a financial statement released on August 5, 2020, Embraer reported second-quarter losses and a steep drop in revenue, yet the company indicates that it remains in “a stable overall position.” However, the introduction of the E175-E2 was delayed due to the current situation in the market....


KLM announces 5,000 layoffs as losses soar

AirFrance-KLM declared a total of 10,000 employees are to become redundant as the group looks to minimize its costs.  ...