Airlines news

Latest Airlines news

Green tails, green tickets - new ticket types by airBaltic

Airline debt to balloon by 28% -heavy new debt levels will weigh down recovery

The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. - $67 billion of the new debt is composed of government...

Air travel passenger preferences revealed by Honeywell survey

An informal Honeywell survey taken by more than 700 frequent business and personal air travel passengers indicates the types of guidelines and health-related equipment passengers may be looking for while flying during and after the COVID-19 pandemic. The anonymous online survey showed...

Congo Airways Converts Embraer E175 Order to E190-E2 Jets

Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two. The new deal has a total value of USD 256 million at current list prices with all purchase rights exercised, and will be included in Embraer’s second quarter backlog. Desire Bantu,...

Finnair boosts reliability of regional fleet with ATR Global Maintenance Agreement

ATR and one of its long-standing customers, the Finnish airline Finnair, signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic – will benefit from a customised support from ATR, which will help the airline better anticipate maintenance costs while enhancing the dispatch...

A network of 59 destinations from June until August: Brussels Airlines

Last week Brussels Airlines announced that it will restart its commercial flights from its hub at Brussels Airport on 15 June. Based on market demand and ongoing travel restrictions, the airline will offer an adapted and downsized summer schedule, which will consist of approximately 30% of Brussels Airlines' originally planned summer schedule in Europe and 40% of the long-haul summer prog...

Economic Stabilization Fund approves Lufthansa stabilization package

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the package. The package provides for stabilization measures and loans of up to EUR 9 billion. The WSF will make silent participations of up to 5.7 billion euros in total in t...

Ryanair welcomed EU Guidelines for return to healthy flying

Ryanair welcomed new EU guidelines to ensure that Europe’s citizens can return to flying within the European Union in the coming weeks in a manner that best protects their health and the health of airline crew. These effective guidelines now allow Europe’s tourism industry to restart in July & August. Ryanair especially welcomes the advice on face masks, which reflects Ryan...

New IFRS for airlines with provisions for virus impact

By Gediminas Ziemelis In the last 10 years, the world faced two viruses with great amount of deaths, panic of consumers and impact on airline businesses and global economy. In 2009, 575 000 people died from swine flu pandemic, and from 2019 until now, 330 000 people died from COVID-19 (full table of all significant viruses provided below). At the beginning of 2020, some airlines annou...

LATAM Group to resume operations with lower fares, more commercial flexibility, increased sanitary measures

LATAM Airlines Group and its affiliates, Latin America’s leading airline group with one of the largest route networks in the world, announced today it will gradually increase its international and domestic operations during June and July, offering passengers more flexible options, lower fares and increased sanitation measures. In June the LATAM group expects to increase its total pre-cris...

More destinations with airBaltic: Amsterdam, Vienna, Hamburg, Dusseldorf and Paris

Great news - more destinations to be served by airBaltic: direct flights from Riga to Amsterdam on May 25, Hamburg on June 1, Vienna on June 8 and Dusseldorf on June 9 and direct flights from Tallinn to Paris on June 1, Vienna on June 2 and Berlin on June 4! Martin Gauss, CEO of airBaltic: “We provide the best connectivity to and from the Baltics. By June 9, we wil...

Summer by Volotea - the launch of 40 new domestic routes

Volotea is launching 40 new routes in all the countries where it is based. In Italy, France, Spain and Greece, Volotea is now offering new domestic flights with 15 exclusive connections. The aim is to provide more domestic possibilities for this summer, and to facilitate journeys between mainland and the islands. The airline has also advertised the resumption of flights for June 16th, wi...

easyJet announces restart of flying from 15 June with new bio security measures

easyJet announced that it will resume some flights on 15 June. Services will be operating from London Gatwick, Bristol, Birmingham, Liverpool, Newcastle, Edinburgh, Glasgow, Inverness, Belfast, and Isle of Man in the UK. In addition, flying will resume in France from Nice, Paris Charles de Gaulle, Toulouse, Bordeaux, Nantes, Lyon and Lille, as well as from Geneva in Switzerland, Lisbon and Po...

Norwegian: recapitalization finalized and state aid secured

Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. “I want to thank everyone who has supported the company during this unprecedented crisis that has...

A self-sovereign identity for air travel: SITA steps up

SITA has stepped up its commitment to developing a permanent digital identity for air travel by becoming a Premium Donor of the Sovrin Foundation, the international non-profit organization focused on the advancement of self-sovereign digital identity. The Sovrin Foundation is a decentralized, global public utility for self-sovereign identity. Self-sovereign means a lifetime portable identity...

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Essential news

Korean Air places landmark order for 103 Boeing aircraft

Boeing and Korean Air announced that the carrier has finalized a purchase agreement for 103 aircraft spanning Boeing’s widebody and single‑aisle families. The deal includes 20 777‑9, 25 787...