Articles tagged “airline weekly”

Aircastle CEO Michael Inglese is the latest aircraft leasing leader to predict a wave of consolidation in the sector. This as airlines increasingly tap lessors for aircraft and financing for the coronavirus recovery.

At long last, the Denver City Council approved expansion of the airport's Great Hall. But the project comes at a price — it's at least $1 billion over budget and will be completed seven years behind schedule.

Airbus delivered more aircraft in 2021 than it planned. But with an 11-year backlog of its bread-and-butter A320 family, the planemaker is looking at selling more of its other jets and boosting production rates this year.

Nearly a year in, United Airlines' experiment using buses to connect its Denver hub with several nearby communities appears off to a slow start. But that may not matter — yet — with the backing of CEO Scott Kirby.

Allegiant Air, which long operated an all-Airbus fleet, surprised everyone with its order for up to 100 Boeing 737 Maxes. The Las Vegas-based budget airline says the move is "opportunistic," but whatever it is, it's a shot in the arm for beleaguered Boeing.

The airline industry won a two-week reprieve in its fight against the rollout of new 5G wireless technology at AT&T and Verizon. But, with the technology functioning safely in Europe, it's unclear whether the safety concerns are overblown.

It's been a challenging start of the year for U.S. airlines. Lost in the coverage of travelers stranded at airports was that 91 percent of U.S. flights during the holidays flew as scheduled. Still, it was a mess.

The pilot shortage United Airlines CEO Scott Kirby warned about is here. The airline is cancelling 14 routes to smaller cities from Washington, D.C. in the spring because it can't find enough pilots to operate those flights.

Embraer's air mobility startup Eve is the latest to cash in on the SPAC craze. The developer of electric vertical takeoff and landing, or eVTOLs, aircraft plans to list in New York with a $2.4 billion valuation, and more than 500 commitments for its aircraft.

Aircraft lessors — which rent airplanes to the world's airlines — are doing relatively well during the pandemic, as airlines seek to shift the financial burdens of owning expensive assets off their balance sheets. But the shift in aircraft ownership didn't come soon enough for Nordic Aviation Capital, which has filed for Chapter 11 bankruptcy protection.