United exec banks on return of business travel
United Airlines chief executive Scott Kirby has gone against industry consensus to suggest that business travel will return despite the dramatic COVID-induced changes to businesses. Kirby made the comments on Thursday during a CAPA Live online event, where he said that despite the COVID crisis decimating demand for business travel, and the rise of online
Biden officially signs third US aviation aid package
US President Joe Biden has officially signed the third COVID-19 relief bill that will protect thousands of jobs in the aviation industry for the next six months. The bill includes an additional US$14 billion in wage assistance for airlines, as well as US$9 billion for airports and other adjacent businesses. It serves as one part
Boeing to reveal exactly what execs knew of MAX failures ahead of second crash
Boeing has officially been requested to hand over thousands of documents that will reveal exactly what the planemaker, and its prominent staff, knew about the nature of the first fatal 737 MAX crash prior to the second, five months later. A class action suit against Boeing taken out by the families of the victims of
It’s confirmed: AerCap to buy GE’s leasing unit
After days of speculation, it has now been officially confirmed that Irish aircraft lessor AerCap has finalised a $30 billion deal to purchase the leasing unit of engine-maker General Electric, GECAS. The deal will see the world’s two biggest aircraft leasing bodies combine to create a new financing giant that will control over 2,000 plane
Boeing eyes biggest MAX deal since global grounding
Boeing is reportedly closing in on a multibillion-dollar deal to sell dozens of its embattled 737 MAX jets in what is rumoured to be the largest deal the planemaker has secured since the aircraft was grounded in 2019. According to a report from Reuters, the US planemaker is negotiating a deal with Texas-based Southwest Airlines,
Hong Kong’s Cathay Pacific has announced it will retire 34 of its aircraft early, as nearly half of its fleet now sits in long-term storage in Australia and Spain. In its 2020 full-year financial results, Cathay group chairman Patrick Healy stated that the airline how has 92 of its aircraft – around 46 per cent
