​Norwegian clings to restructuring hopes as Q1 losses widen

Norwegian’s first-quarter losses have widened significantly to NKr3.28 billion ($331 million) and the company remains in “hibernation mode”, in the hope that its recent financial restructuring and state-aid lifeline will enable it to have a future. Norwegian’s first-quarter losses have widened significantly to NKr3.28 billion ($331 million) and the company remains in “hibernation mode”, in […]

​Thai Airways appoints planners for business rehabilitation

Thai Airways International has appointed five people, including one of its former presidents, to jointly hold the position of plan preparer during its business rehabilitation process. Thai Airways International has appointed five people, including one of its former presidents, to jointly hold the position of plan preparer during its business rehabilitation process. The carrier’s chairman Chaiyapruk Didyasarin […]

United reshuffles management to prepare for post-coronavirus world

United Airlines says that it is reshuffling top management roles to better prepare itself for a post-coronavirus transformation. United Airlines says that it is reshuffling top management roles to better prepare itself for a post-coronavirus transformation. The Chicago-based airline says that chief operations officer Greg Hart will be stepping back from his post on 1 […]

Boeing restarts 737 Max production

Boeing has resumed 737 Max production, bringing the factory back on line at “low” production rates almost five months after halting Max assemblies. Boeing has resumed 737 Max production, bringing the factory back on line at “low” production rates almost five months after halting Max assemblies. “The 737 programme began building airplanes at a low […]

Russia starts building first stealth bomber: state media

Russia has started building its first stealth bomber, also known as the Perspective Aviation Complex for Long-Range Aviation (PAK DA) programme. Russia has started building its first stealth bomber, also known as the Perspective Aviation Complex for Long-Range Aviation (PAK DA) programme, according to state media. “Development of working design documentation is complete, material shipping […]

American sees signs of travel rebound

American Airlines says it sees promising signs of a rebound in air travel after the coronavirus pandemic decimated the industry earlier this year, but warns that the bounce in demand is tenuous, and from a vanishingly low level. American Airlines sees promising signs of a rebound in air travel after the coronavirus pandemic decimated the industry […]

Kenya Airways losses widen in 2019 on higher costs

Kenya Airways pre-tax losses deepened to KSh13 billion for the year ending December 2019 despite increasing passenger levels and revenues. Kenya Airways pre-tax losses deepened to KSh13 billion ($120 million) for the year ending December 2019 despite increasing passenger levels and revenues. The SkyTeam carrier lifted revenues 12% to KSh128.3 billion. That was in part […]