Norwegian Air

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The Republic is a centre for aircraft leasing and finance, with most of the industry’s big players either headquartered here or with substantial businesses based in the State. Photograph: Getty Images

Covid-19 is likely to force more airlines into bankruptcies this year, potentially hitting aircraft lessors including Irish-based Aercap and Fly Leasi(...)

Aircraft lessors will “very likely have to repossess” planes as airlines fail, S&P Global Ratings analysts Philip Baggaley and Betsy Snyder wrote in a note

Companies that lease aircraft are hopeful that government stimulus funds can help steady struggling US airlines, as half of carriers worldwide seek re(...)

Ryanair has 18 months of available cash while Aer Lingus owner IAG has 16 months, putting the two airlines in a better position than many.  Photograph: AFP via Getty

Ryanair and Aer Lingus owner International Consolidated Airlines Group (IAG) are among the best-placed carriers to see out the Covid-19 crisis, analys(...)

A passenger aircraft, operated by Norwegian Air Shuttle ASA. Photograph: Chris Ratcliffe/Bloomberg

Norwegian Air has fulfilled the first condition to access a government-led rescue package for the airline industry and secured an initial cash infusio(...)

Taoiseach Leo Varadkar at Blair House, Washington DC, discussing the coronavirus crisis during a press conference. Photograph: Niall Carson / PA Wire

Leo Varadkar’s speech from Washington on the Covid-19 coronavirus this week could hardly have been more dramatic if US president Donald Trump had invi(...)

Norwegian Air will temporarily lay off half its employees. Photograph: Ints Kalnins/Reuters

Norwegian Air will scrap another 4,000 flights and temporarily lay off up to half of its employees due to the coronavirus outbreak, the company said o(...)

Passengers wearing face masks walk at Leonardo da Vinci airport near Rome. Photograph: Telenews/EPA

There is set to be a scramble to get out of Italy in the coming days after many airlines, including Ryanair and Aer Lingus, announced their intention (...)

EU commissioner for transport Adina Valean said the temporary measure would allow airlines to adjust their capacity. Photograph: Stephanie Lecocq/EPA

Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy’s lockdown hammered passenger numbers, fo(...)

Ryanair said it was continuing to comply fully with WHO and national government guidance and travel bans.

Ryanair is to suspend its full flight schedule to and from and within Italy, following the decision of the Italian Government to “lock down” the entir(...)

Qantas has cut almost a quarter of its international capacity for the next six months as travel demands fall due to fears over COVID-19. Photograph:  Mark Evans/Getty Images

Qantas Airways and Air France-KLM became the latest airlines to announce massive cuts in flights as the coronavirus impedes travel. Norwegian Air ha(...)

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