The fate of Malaysia Airlines is expected to be set by 31 December, when the airline’s parent company is due to finalise its restructuring, according to Malaysia’s deputy finance minister. Deputy minister Abdul Rahim Bakri informed the Malaysian parliament that the troubled airline is approaching the end of its lengthy restructure, the outcome of which
Carriers around the US have already begun efforts to transport the recently approved Pfizer vaccine around the country. The US Food and Drug Administration provided the necessary regulatory approval for use of the vaccine on Friday, providing the ultimate test for the aviation industry, which has spent months preparing to distribute the temperature-sensitive vaccines. Following
Refining profits on jet fuel hit a recent high in December as global jet fuel markets benefit from the gradual recovery of aviation market segments and the promise of a widespread recovery in light of COVID vaccine news. Analysts suggest that December marked a turning point due to success in global air cargo markets, however
Last week it was announced that the Paris Air Show, initially scheduled for June 2021, has been cancelled in light of COVID-19 concerns. The announcement came more or less as a shock in light of weeks of positive news, notably including the first COVID-19 vaccines having been approved for widespread distribution. However it appears the
Airlines and aircraft lessors appear to be turning their sights to converting old passenger jets into freighters, as they bank on a post-COVID boom in e-commerce, and benefit from the falling price of used planes. According to aviation analytics firm Cirium, the number of passenger-to-freighter (P2F) conversions around the world will increase by 36 per
British car manufacturer Bentley has announced it will utilise five Antonov cargo aircraft to help it overcome the potential supply bottleneck caused by a chaotic exit of Britain from the European Union. Bentley sources most of its supplies from continental Europe, and sells about 24 per cent of its cars into Europe, CEO Adrian Hallmark
