Air Freight News
Embraer’s aircraft delivery delay seen 1 to 2 months, shorter than peers’ times, CFO says
Brazilian planemaker Embraer's average delay to deliver aircraft is around one to two months, the firm's chief financial officer said on Thursday, highlighting
Air NZ chief says engine dramas to hamper flights for years
Air New Zealand Ltd. Chief Executive Officer Greg Foran said the engine problems that have grounded a significant number of the airline’s jets will hamper…
Factbox: Airlines suspend flights as Middle East tensions rise
Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space.…
United Air raises Alaska-Hawaiian merger concerns with DOT
United Airlines Holdings Inc. has raised concerns with the Biden administration over how the pending $1.9 billion merger of Alaska Air Group Inc. and Hawaiian…
Lula’s airline rescue plan wins approval in Brazil’s lower house
Brazilian lawmakers approved a long-awaited financial aid plan for the airline sector that is expected to provide 5 billion reais ($914 million) in credit for…
Airline owner Abra nears $1.3 billion loan deal with Castlelake
The largest shareholder of ailing Brazilian airline Gol Linhas Aereas Inteligentes SA is nearing a deal to raise $1.3 billion of funds from investment firm…
Air New Zealand profit tumbles amid weak economy, competition
Air New Zealand said annual profit more than halved as a weak economy sapped domestic demand and competition on international routes intensified.
Malaysia Air cuts capacity on staff shortages, plane delays
Malaysia Airlines will cut capacity by 20% across its network as the carrier struggles with a shortage of maintenance staff and delayed deliveries of new…
Azul eyes options to rework debt amid Brazil airline deal talks
Brazilian airline Azul SA is weighing options from an equity offering to a Chapter 11 filing to address approaching debt obligations, according to people familiar…
Italy’s record jet fuel sales a sign of Europe’s Covid recovery
Italy’s jet fuel sales last month reached their highest level in at least 22 years, signaling that the European market is returning to solid growth…