Gol and its subsidiaries have entered into an exit financing commitment letter with certain investors. Under terms of the agreement, the committed parties would purchase up to $1.25 billion of the $1.9 billion debt instruments to be issued on the effective date of the restructuring plan provided for under Gol's Chapter 11 cases. The Brazilian carrier – which filed for Chapter 11 bankruptcy protection in January 2024, and has targeted May 2025 for emergence from the reorganisation process – notes that the exit financing will be used to repay the obligations under debtor-in-possession financing, to pay transaction costs and to provide working capital and other support for its business upon emergence from the reorganisation process.

Boeing has begun certification testing of the braking system used in the in-development 777-9 long-haul aircraft. "In this phase of certification testing, our team will demonstrate the safety and reliability of the 777-9's aerodynamics, brakes and engines, ensuring compliance to rigorous regulatory requirements," says Stephanie Pope, chief operating officer of Boeing and president and chief executive of its commercial airplanes division, in a LinkedIn post. She adds that "this month's tests are being conducted with US Federal Aviation Administration personnel on board after our regulator expanded type inspection authorisation for the 777-9, confirming the airplane’s readiness". Boeing chief executive Kelly Ortberg said on 20 February during the Barclays Industrial Select Conference that the US manufacturer hopes to achieve certification for the in-development 737 Max 7 and 10 variants later this year, and is targeting early 2026 for certification of 777-9. He noted at the time that the 777-9 is undergoing a flight-test programme.

British Airways chief executive Sean Doyle has warned that the "unprecedented" closure of Heathrow airport because of a fire and power failure will result in multi-day disruption for the airline. In a video message to customers, Doyle warned that the airline still does not know when the airport will reopen, "but even when that does happen, this incident will have a substantial impact on our airline and customers for many days to come, with disruption to journeys expected over the coming days." Heathrow initially said it hoped to reopen the airport by midnight, although whether this will happen is unclear. BA has already "effectively" grounded it’s flying operation, "cancelling every short-haul and the majority of long-haul flights that were scheduled to operate throughout today," says Doyle. In total, BA says it was due to operate more than 670 flights from Heathrow carrying around 107,000 customers, with similar numbers planned for the weekend. Customers are being asked not to travel to the Heathrow, with many services that were inbound are being diverted to other UK points or even further afield. It notes that crews and aircraft are out of place because flights were diverted to alternative airports. The extra element of crews who can only work for a certain number of hours over any given period of time "adds further complexity" to the recovery operations, adds Doyle. "In addition, our engineering and maintenance operation have also had no power," he says. “This is being addressed but is another example of the incredibly challenging situation we find ourselves in.”