Daily cash burn averaged $12 million for the three months to December, though this was down from $24 million per day in the September quarter.
Virgin Atlantic has completed “financing transactions” relating to two Boeing 787 aircraft in partnership with Griffin Global Asset Management and Bain Capital Credit.
The new route, launching on February 12th, will create new opportunities for travellers and further diversify the tourism sector in the capital of the United Arab Emirates.
Low-cost carrier Norwegian has outlined a simplified business structure and dedicated short haul route network as it plans a return from the Covid-19 shutdown.
Travellers arriving by plane, train or boat from Monday, including UK nationals, will have to take a test up to 72 hours before leaving the country they are in.
More than 16,000 customers have now joined the case ahead of a March deadline to sign up to the action, according to PGMBM, the lead solicitors in the group litigation case.
Boeing delivered a total of 59 commercial planes in the fourth quarter capping a disappointing year for the American plane manufacturer. In total, the company delivered 157 commercial jets in 2020.
The leisure operator said the decision to cancel all flights until March 25th was the result of uncertainty surrounding travel restrictions caused by the Covid-19 pandemic.
In December, passenger numbers plummeted 83 per cent when compared to 2019, as fears about the new strain of Covid-19 meant countries shut their borders to the UK.
Services have been suspended since June 2017, when Saudi Arabia launched an economic blockade against Qatar in response to what it perceived to be political transgressions.
Airbus delivered 566 commercial aircraft to 87 customers last year, down by a third from 2019. However, the manufacturer said the figure represented the “resilience” of its business model.
The deal is underwritten by a syndicate of banks and is supported by a partial guarantee from UK Export Finance under its Export Development Guarantee scheme.