GE sells jet lessor to AerCap in $30 billion deal to cut risk
General Electric Co. agreed to sell its jet-leasing business to rival AerCap Holdings NV, bringing together the world’s two biggest aircraft financiers in a deal…
American Air boosts debt sale to $10 billion amid strong demand
American Airlines Group Inc. has boosted the size and cut borrowing costs on what’s now a $10 billion debt sale backed by its frequent-flyer program.
Dirt-cheap flights on sale as Covid-hit airlines take on rivals
Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales…
Cathay Pacific posts $2.8 billion loss in toughest year ever
Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12…
Cebu Air says it’s prepared for a slow travel recovery
Philippine budget carrier Cebu Air Inc., that’s operating at a quarter of its capacity, is prepared for a slow and longer recovery in travel demand,…
U.K. unveils plans to cut air passenger duty on domestic flights
U.K. Prime Minister Boris Johnson set out plans to cut air passenger duty on domestic flights to “support connectivity across the country.”
American Airlines builds on commitment to sustainable fuels with Kuehne+Nagel
American Airlines has reached an agreement in principle with Kuehne+Nagel to allocate a portion of the carbon reduction benefit the airline generates through its use…
Spirit Airlines adds three new popular destinations from LaGuardia, announces operations out of a Second Terminal
Spirit Airlines announced flights to three new destinations from LaGuardia Airport (LGA) today. The airline will offer nonstop service to San Juan, Puerto Rico (SJU)…
AerCap confirms GE talks to create giant of aircraft finance
AerCap Holdings NV confirmed it’s in talks with General Electric Co. about a combination that would create a giant of aircraft finance.
Air India staff’s takeover bid disqualified, narrowing the field
A group of Air India Ltd. employees has been ruled out of a bidding process to take control of the loss-making national carrier, as the…
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