Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
A change to the European Union's customs code acknowledges establish practice allowing flight plans to suffice for declaration of entry and departure.
A new credit facility and loan for KLM has been agreed almost two months after sister company Air France got state aid.
The German airline's leading private shareholder had opposed state aid, which was contingent on the government taking a 20 percent stake in the company.
IATA says Europe's airlines have yet to see the worst of the traffic downturn caused by the Covid-19 pandemic, with more jobs and heavier losses to come.
Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.
MySky's founders say that artificial intelligence can deliver financial transparency to private aviation, which is wasting 20 percent of its cost base.
A new venture has been formed to help lenders to the offshore rotorcraft industry dispose of under-utilized assets.
The aircraft engine maker aims to achieve annual savings of around $1.6 billion, with most of the impact being on its UK-based civil aerospace business.
"Seismic changes” will continue for helicopter insurance.
Italy's Leonardo saw first quarter earnings decline, mainly on the civil side of its business, including helicopters, ATR airliners, and aerostructures.
