Category: GENERAL AVIATION

British Airways Owner IAG Raises Є 1.2 Billion in Bond Issue
British Airways Owner IAG Raises Є1.2 Billion in Bond Issue

Reading Time: < 1 minute British Airways and Aer Lingus owner IAG raised Є1.2 billion ($1.43 billion) in a bond issue. The company explained the raised funds would help it get through the rest of the pandemic. Originally, IAG planned to raise Є1 billion, but the demand was higher than expected, enabling it to raise Є1.2 billion. According to IAG, […]

EU Plans Rollout of Digital Vaccine Certificate Before Summer
EU Plans Rollout of Digital Vaccine Certificate Before Summer

Reading Time: < 1 minute The EU aims to launch a digital vaccine certificate by the summer to allow those vaccinated against Covid-19 or those who have tested negative or recently recovered from the virus to freely travel within the EU. The Digital Green Certificate has been proposed to foster travel between EU member states as the summer tourism season […]

Indigo Partners Sells Wizz Air Stock Worth $555.56 million
Indigo Partners Sells Wizz Air Stock Worth $555.56 million

Reading Time: < 1 minute Wizz Air’s largest shareholder, American equity firm Indigo Partners LLC, has sold a portion of its Wizz Air shares for $555.56 million. As a result, the shares of Hungarian low-cost carrier Wizz Air have dropped by 6.5%. This move has resulted in Indigo Partners owning a mere 8.5% of Wizz Air, down from 17.5%. The […]

Airbus to manufacture satellites in space
Airbus Selected to Build Satellite Factory in Space

Reading Time: < 1 minute The European Commission has selected Airbus to study spacecraft manufacturing in space as part of the horizon 2020 Programme. The PERASPERA In-Orbit Demonstration project, also called PERIOD, aims to focus on satellite manufacturing in orbit. Producing directly in orbit will be a revolutionary way to design, build and operate space systems. It is much more […]

Vietnamese Airlines Request Over $1bn Bailout Package

Reading Time: < 1 minute According to the Hanoitimes, Vietnam Aviation Business Association (VABA) has proposed the government to provide a credit aid package of VND25-27 trillion ($1.07-1.16 billion) to support the aviation industry that the Covid-19 pandemic has seriously impacted. VABA claims that the government support would improve enterprises’ financial state. To further facilitate this, the government should consider […]

IATA: 2020 Was the Worst Year in History for Air Travel Demand

Reading Time: < 1 minute The International Air Transport Association (IATA) has announced full-year global passenger traffic results, revealing revenue passenger kilometers (RPKs) fell by 65.9% because of the pandemic spread. It is the sharpest ever air travel decline in commercial aviation history. In 2020, international passenger demand was 75.6% below 2019 levels. Capacity (measured in revenue passenger kilometers) reduced 68.1% […]

Norwegian Air Prepares To Return Its Leased Aircraft

Reading Time: < 1 minute Norwegian Air Shuttle (NAS) has started moving some of its aircraft from Scandinavian bases to Shannon Airport in Ireland as part of the new restructuring procedure. The pandemic has intensified the financial struggles faced by NAS, so in addition to the ongoing examinership process in Ireland, the airline has now filed for reconstruction under Norwegian […]

EU Plans To Cancel Freeze Of Airport Slots

Reading Time: < 1 minute As Reuters has reported, the EU has already started discussions on gradually lifting the airport slot freeze policy introduced at the beginning of the pandemic. When the crisis hit, what had always been known as a “use-it-or-lose-it” rule was temporarily waved to aid airlines that could no longer use the required 80% of their slots. […]

New Zealand Creates A Travel Bubble With Australia

Reading Time: < 1 minute New Zealand has announced that it will establish a travel bubble with neighboring Australia in Q1 of 2021. The idea behind it is that there will be a free travel corridor not requiring people to quarantine after crossing any of these countries’ borders. In October, Australia waved the quarantine requirement for Kiwis, but New Zealand […]

The EU Updated Its List Of Banned Airlines

Reading Time: < 1 minute According to the latest list of banned airlines released by the EU on December 8th, 96 airlines from 22 countries are prohibited from flying over or into the EU to keep the European skies safe. Among the blacklisted airlines are all carriers under the oversight of Afghanistan, Kyrgyzstan, Armenia, Libya, and Nepal. Below are some […]