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AerSale acquires 24 Boeing 757-200 passenger aircraft and plans to convert them into dedicated freighters

X20 September 2020

Aviation products and services provider, AerSale has recently announced that they have purchased 24 Boeing 757-200 passenger variant aircraft along with the aircraft engines and 16 spares that were included

2 minutes read

COVID-19 a blessing in disguise for Sri Lankan Airlines Restructuring efforts

Articles, Asia

X19 September 2020

Chairman of Sri Lankan Airlines, Ashok Pathirage in a recent interview with Bloomberg discussed the current state of affairs of the national flag carrier and the impacts of COVID-19 on

3 minutes read

Southwest Airlines daily cash burn was $19 million in August 2020

Articles, North America

X17 September 2020

US low-cost operator, Southwest Airlines today released its updated guidance in a Securities and Exchange Commission filing. The Airline’s operating revenue was down 70% in August with load factors at

2 minutes read

Despite Aggressive cost reductions, SpiceJet turn in a loss of INR 5.9 billion for the quarter ending June 2020

Articles, Asia

X16 September 2020

Indian Low-cost carrier, SpiceJet disclosed yesterday their financial results for the quarter ending June 2020 where it made a net loss of INR 5.9 billion (USD 80 million) compared to

2 minutes read

Iceland Air Group finalizes USD 120 million state-backed loan guarantee

Articles, Europe

X15 September 2020

Iceland Air Group today disclosed that they have received approval by the Icelandic Parliament with regards to a credit facility that would be backed by the government for up to

1 minute read

LATAM Airlines transports 805,000 passengers in August a fall by 87.4% YoY

Articles, South America

X14 September 2020

South American carrier, LATAM Airlines today released their preliminary monthly statistics for August 2020 where they operated 13.9% of its capacity in August when compared to 2019 levels which is

2 minutes read

Cathay Pacific Group to store 40% of its fleet outside Hong Kong with daily cash burn around HK$58 million a day

Articles, Asia

X14 September 2020

Hong Kong based Cathay Pacific Group today released their traffic figures for August 2020 where group carriers Cathay Pacific and Cathay Dragon only transported 35,773 passengers for the month, which

2 minutes read

Lufthansa Group reimburses €2.7 billion to 6.3 million customers so far in 2020

Articles, Europe

X13 September 2020

Lufthansa Group recently disclosed in a press release that they have reimbursed approximately €2.7 billion to a total of 6.3 million customers so far in 2020 as of 9 September

1 minute read

GOL Airline’s daily net cash burn at R$ 6 million and expects to finish 2020 at 80% of its 2019 year-end capacity

Articles, South America

X12 September 2020

Brazil’s largest domestic carrier, GOL Airlines in their recent monthly investor update for August 2020 released key data for their operations in the month. The airline in line with the

2 minutes read

Allegiant made $2 million daily bookings in August and expects daily cash burn to be over $1 million in Q3

Articles, North America

X12 September 2020

Las Vegas based Allegiant Travel Company recently disclosed their August 2020 Traffic Reports. They’ve stated that they’ve seen daily bookings amounting to approximately $2 million in August while they anticipate

1 minute read

Qatar Airways and Saudia set to resume commercial air travel today after a gap of 3 years

Volaris reports increased capacity for December 2020 compared to December 2019

AerCap signed leases for 97 aircraft and raised $8.3 billion in 2020

AerSale acquires 24 Boeing 757-200 passenger aircraft and plans to convert them into dedicated freighters

COVID-19 a blessing in disguise for Sri Lankan Airlines Restructuring efforts

Southwest Airlines daily cash burn was $19 million in August 2020

Despite Aggressive cost reductions, SpiceJet turn in a loss of INR 5.9 billion for the quarter ending June 2020

Iceland Air Group finalizes USD 120 million state-backed loan guarantee

LATAM Airlines transports 805,000 passengers in August a fall by 87.4% YoY

Cathay Pacific Group to store 40% of its fleet outside Hong Kong with daily cash burn around HK$58 million a day

Lufthansa Group reimburses €2.7 billion to 6.3 million customers so far in 2020

GOL Airline’s daily net cash burn at R$ 6 million and expects to finish 2020 at 80% of its 2019 year-end capacity

Allegiant made $2 million daily bookings in August and expects daily cash burn to be over $1 million in Q3

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Qatar Airways and Saudia set to resume commercial air travel today after a gap of 3 years

Volaris reports increased capacity for December 2020 compared to December 2019

AerCap signed leases for 97 aircraft and raised $8.3 billion in 2020