SAS Enhances Chapter 11 Recovery Prospects – Secures Backing from Creditors’ Committee SAS is set to present an updated proposal for its Chapter 11 reorganization to the New York Southern District U.S. Bankruptcy Court. This plan will outline potential recoveries for unsecured creditors, including SAS AB’s commercial hybrid bondholders. The…
Despite Seismic Activity Impact, Icelandair Triumphs with Strong Financial Results in 2023 Icelandair has successfully navigated through turbulent skies to report a profit of USD 11 million for 2023. This marks a dramatic recovery from a USD 6 million loss in the previous year, showcasing the airline’s resiliency and adaptability.…
The International Air Transport Association (IATA) has reported a noticeable rebound in the air cargo sector for 2023. The industry has demonstrated resilience despite economic uncertainties, particularly during the fourth quarter. Here’s a snapshot of the 2023 air freight market trends: These trends underline the dynamic nature of the global…
The International Air Transport Association (IATA) is reporting a positive trend in the resurgence of air travel as of December 2023. A substantial improvement in the number of airline passengers flying in 2023 marked a significant step towards recovery from the COVID-19 pandemic. Here are the key points highlighting the…
In a significant development for healthcare logistics in Norway, SAS has emerged victorious in the recently concluded tender process. The airline secured a substantial portion of the specialist health service’s air travel volume. This award positions SAS as the primary carrier for healthcare-related travel across all of its routes within…
Aircraft Leasing Booms Amid Ongoing Shortages in 2023, Predictions Show Rise in 2024 Aircraft lessor Avolon projects a sharp increase in the demand for new aircraft deliveries in 2024. However, airline needs exceed supply which will stimulate more aircraft leasing agreements. Avolon expects lessor order books will be in high…
Alaska Airlines Reports 2023 Record Revenue and Plans Hawaiian Airlines Acquisition Alaska’s Alaska Air Group Inc. (NYSE: ALK) has published its financial report for both Q4 and the entirety of 2023, and provided updates on its plans to acquire Hawaiian Airlines. The airline reported $2.6 billion in operating revenue for…
Cathay Pacific has released its passenger figures for December 2023, showing a strong recovery of air travel and cargo demand for the year. Passenger and Cargo Growth Soars in 2023 Cathay Pacific has made a remarkable recovery in 2023, hitting the high mark of over 20 million travelers. This is…
Airbus’ Comprehensive Service Center: A Game-Changer for Aircraft Lifecycle Management Airbus has opened its new Airbus Lifecycle Services Center (ALSC) in Chengdu, China. It’s a first in the aviation world, offering a full range of services for the whole life of an aircraft. At this center, planes can be stored,…
Europe’s airports put the needs of passengers with hidden disabilities center stage with inaugural guidance. ACI EUROPE, the association that advocates for European airports, has unveiled comprehensive guidelines to better assist passengers with hidden disabilities. Recent statistics from Eurostat reveal approximately one in four adults in the EU has a…
