News

Ryanair (FR/RYR) has been accused of trying to force passengers into accepting vouchers instead of a cash refund by telling passengers it could be months before any cash refund is even processed. The email, sent to customers who had sought a cash refund, included a voucher and warned the recipients [read more]

Norwegian, one of Europe’s largest low-cost airlines has today announced that it plans to lay off 4700 staff. As the struggling airline declares four of its subsidiaries bankrupt. Norwegian were one of the weakest carriers to enter these unprecedented times of uncertainty, as COVID-19 continues to spread. Norwegians rising debts [read more]

Virgin Atlantic (VS/VIR) is one of two Virgin airlines facing a bleak future after failing to secure Government funding for a bailout to help it ride out the Coronavirus (COVID-19) Pandemic. The airline which is owned by Richard Branson’s Virgin Group (51%) and Delta Airlines (49%) had reportedly asked the [read more]

Loganair (LM/LOG) and Stobart Air (RE/STK) are two airlines seeking help to weather the Coronivirus (COVID-19) Pandemic. Ireland-based Stobart Air is seeking protection from creditors, bankruptcy protection, from the Irish courts in a bid to prevent the airline being wound up while Scottish airline Loganair is seeking a bailout from [read more]

South African Airway (SA/SAA) is close to collapse after it failed to secure further backing from the South African Government. The airline has offered redundancy packages to all of its 4,700 staff members from the end of April. State-owed South African Airways has received numerous bailouts from the South African [read more]

The aircraft leasing and financing arm of General Electric (GE) has cancelled an order for 69 Boeing 737 Max aircraft. Irish-American GE Capital Aviation Services (GECAS) has been re-evaluating its order book as global aircraft demand drops off with the Coronavirus (COVID-19) pandemic. Although not mentioned directly as a reason [read more]

A medical ventilator built by several engineering companies including European Aerospace company Airbus and a number of Formula 1 teams has gained approval for use in the UK. The ventilator will help treat patients with severe breathing difficulties as a result of COVID-19. The approval from the Medicines and Healthcare [read more]

British Airways is retiring five more Boeing 747-400 Jumbo Jets this week with the first arriving at an airfield in Gloucestershire earlier today. The earlier than planned retirement of the aircraft comes as a direct result of the Coronavirus pandemic which has grounded the majority of British Airways fleet. When [read more]