Aviation Daily Roundup: April 30
Austrian Airlines Applies For State Aid, Increases Layoffs
Credit: Austrian AirlinesLufthansa subsidiary Austrian Airlines said April 29 that it needs €767 million ($833 million) in financial assistance from the state to survive the COVID-19 crisis.
Environmental Conditions Attached To Air France Bailout
Credit: Nigel Howarth/Aviation WeekFrance’s economy minister has told Air France to drastically reduce its emissions in return for the €7 billion ($7.6 billion) in loans the French state has promised the Air France-KLM group to help it survive the COVID-19 crisis.
Sea Of Deep Red For China’s Big Three In Q1
Credit: Joe PriesChina’s big three state-owned carriers Air China, China Southern Airlines and China Eastern Airlines have recorded a cumulative loss of CNY14 billion ($2 billion) for Q1 2020 as the COVID-19 pandemic brought the Chinese aviation industry to a standstill.
Virgin Australia Sale Likely Before July
Credit: Virgin AustraliaAt least 20 entities are interested in bidding for Virgin Australia and the administrator for the airline expects the sale process to be completed by the end of June.
COVID-19 To Reshape Passenger Experience, Pundits Say
Credit: Vietnam Airlines / FacebookAs carriers gradually restart operations over the coming months and implement new health protection measures, passenger experience will change at airports as well as in flight, and some alterations might be permanent, say commercial air transport experts.
Renewed Dornier 328 May Introduce New Propulsion Technology
Credit: 328 SSGDeutsche Regional Aircraft, the company behind the planned production restart of the Dornier 328 turboprop regional airliner, has hinted the latest version could introduce new propulsion technologies.
COVID-19: Asia-Pacific market update
Credit: China Southern Airlines via TwitterWelcome to Routes’ look at how the Asia-Pacific aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Finnair Losing More Than $2M/Day Amid COVID-19 Crisis
Credit: Joe PriesFinnair will continue operating its current minimum network and keep most aircraft grounded through June after reporting heavy losses for the first quarter (Q1) because of the coronavirus crisis.
Frontier Airlines To Mandate Face Masks In The Cabin
Credit: Frontier AirlinesFrontier Airlines became the second U.S. carrier to require all passengers wear face coverings in the cabin, as calls in the U.S. Congress for a national policy gathered steam in light of the continued COVID-19 pandemic.
JAL Full-Year Profits Hit By Pandemic, Political Disputes
Credit: Joe PriesJapan Airlines (JAL) saw its profit drop sharply for the fiscal year ending March 31 because of the COVID-19 pandemic and international political…
Safran Scales Down As Pandemic Affects Q1 Revenues
Credit: Safran / TwitterTier-1 aerospace and defense systems and equipment supplier Safran is conducting a strong response to the pandemic’s consequences, in a bid to maintain financial balance.
IATA Warns Argentina Its Extended Travel Ban Will Cost $1B
Credit: FlybondiArgentina’s decision to ban all air travel and the sale of commercial flight tickets until September will have an almost $1 billion revenue impact,…
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