Verify, Inc.

United Airlines | August 09, 2020

United Airlines has quietly revealed two new seatmaps for its Embraer E175 aircraft. These new configurations have fewer seats than the airline’s current E175 jets, which makes sense as United has to comply with strict requirements in its contract with pilots as involuntary furloughs loom....

American Airlines | August 13, 2020

American Airlines is preparing to scrap flights serving two dozen small and medium cities as the expiration of federal coronavirus aid that placed restrictions on carriers from cutting service approaches, according to an executive at the airline. Carriers are required to maintain minimum levels of service through Sept. 30 under a $25 billion federal aid package that also prohibited layoffs through the end of the third quarter. American was granted $5.8 billion in support under the program....

Business Aviation

KLM | November 04, 2020

KLM announced that, following a signature from the Dutch Airline Pilots Association, it had reached an agreement with all the trade unions over employment conditions until 2025. This should fulfill the government’s requirements for its frozen bailout package. With the Dutch authority’s new advice against all international travel lasting until January, the funds are needed now more than ever....

Business Aviation

KKR, AV AirFinance | June 14, 2021

KKR, a global investment firm, announced AV AirFinance Limited, a global commercial aviation loan servicer founded by a team of seasoned industry professionals in collaboration with KKR. The new secured loan servicing platform includes stable, long-term capital with decades of experience structuring commercial aircraft loan transactions to provide unique and innovative financing options to commercial aviation clients worldwide. KKR and AV AirFinance have agreed to buy a nearly $80...