Finance

Russian carrier Red Wings has scrapped plans to acquire a batch of Airbus A220-300s, citing economic considerations for the decision. Red Wings had disclosed last year that it was intending to lease six aircraft – then still known as the Bombardier CS300 – for services on its joint network with Nordavia. It had planned to…

Asiana Airlines suspended share trading on the Korea Exchange on 22 March. In a brief stock exchange statement, the carrier attributed the suspension to an “audit opinion non-conformity”. South Korean media reports indicate that Asiana’s external auditors Samil PricewaterhouseCoopers have issued a “limited opinion” on the airline’s audited report. A report from news.joins.com indicate that…

Virgin Trains USA plans to partner with airlines to offer seamless connections to travellers when its extension to Orlando International airport opens, the country’s first in-terminal long-distance rail connection at an airport. The private rail operator, previously known as Brightline, plans to enter into interline agreements with JetBlue Airways and other major airlines via Orlando…

Jet Airways has delayed paying interest on debentures coming due on 19 March, and grounded four more jets over defaults on lease rentals as the carrier’s cash crunch show little sign of abating. The carrier disclosed that its interest payments “will be delayed owing to temporary liquidity constraints” in a stock exchange statement. It did…

Boeing, its suppliers and some weaker airline credits could come under credit ratings pressure this year if complex safety problems are identified with the 737 Max, Fitch Ratings warns. The agency says in a research note that there are several possible scenarios from the recent crashes of 737 Max 8s operated by Ethiopian Airlines and…

Copa Airlines will fund eight Boeing narrowbodies delivering this year with Japanese operating leases with call option. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and Flight Airline Business online libraries. You’ll only need…

Delta Air Lines has priced a $500 million secured enhanced equipment trust certificate (EETC) transaction for 14 aircraft, its first such transaction in four years. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and…

WNG Capital has hired three people into top roles, after raising a $345 million aircraft investment fund in January. Sign in/Register here Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and Flight Airline Business online libraries. You’ll…

Jet Airways has denied recent Indian media reports that it had secured a new R20.5 billion ($295 million) credit facility from Punjab National Bank (PNB). It clarified that while the company has existing credit facilities of $300 million from PNB, “no fresh credit facilities, as reported, have been provided by PNB”. The carrier issued the…

Washington Dulles International airport is once again the DC region’s second busiest airport, but travellers eager to see improvements will have to wait before any major projects are undertaken. Dulles ended a multi-year run as both the area’s largest and quietest airport, a distinction it had not held since the 1980s, with 24.1 million passengers…