Aviation Daily Roundup: April 7

April 07, 2020

IATA To Launch Meetings On Industry Restart Conditions

Credit: Nigel Howarth / AWST
IATA plans to hold a series of regional meetings with governments and other stakeholders to determine under what conditions air traffic can be resumed once the coronavirus crisis is under better control.

Sweden’s Braathens Regional Files For Court Reorganization

Credit: Braathens Regional Airlines
Swedish domestic carrier Braathens Regional Airlines has suspended flights and filed for court reorganization—roughly the equivalent of administration—after a collapse in demand following the COVID-19 outbreak.

South Africa’s Comair Cancels Plan To Buy Star Air Businesses

Credit: Comair
South African carrier Comair has abandoned its acquisition of Star Air Cargo and Star Air Maintenance.

Malaysian Regulator Cautions Airlines Seeking Government Aid

Credit: Joe Pries
The Malaysian Aviation Commission is urging aviation stakeholders to only seek financial help from Malaysia’s government “as a last resort” with fiscal resources stretched amid the COVID-19 crisis.

Turkish Airlines Suspends Remaining Domestic Flights

Credit: Rob Finlayson
Turkish Airlines has canceled all remaining domestic flights, which means the carrier has no scheduled passenger flights until April 20, according to CEO Bilal Eksi.

Alaska Airlines Vows Support After RavnAir Shutdown

Credit: Ingrid Barrentine / Alaska Airlines
Alaska Airlines plans to maintain flights to all points it currently serves in Alaska as well as bringing forward the launch of seasonal routes to Dillingham and King Salmon after the demise of RavnAir Alaska.

Israel Denies El Al Airlines $350M State Loan

Credit: El Al USA / Twitter
Israel’s Ministry of Finance has rejected El Al Israeli Airlines’ request for a $350 million state loan to sustain it through the COVID-19 global crisis.

Latvian Government Plans €36M Loan For AirBaltic

Credit: Joe Pries
The government of Latvia has tentatively approved a €36.1 million treasury loan for Riga-based airBaltic and could make further funds available if the COVID-19 crisis continues.

Icelandair Looking At Funding Options

Credit: Credit: Rob Finlayson
Icelandair Group has appointed three financial advisors to strengthen the company’s long-term capital, after the COVID-19 pandemic forced the airline to cut its flight schedule to just 10% of normal operations.

Lufthansa Makes Substantial Fleet Cuts For Post-Pandemic Era

Credit: Rob Finlayson
Lufthansa decided April 7 to make deep cuts to its future fleet, repositioning it to becoming an airline around 20% smaller than before the coronavirus pandemic crisis.

A daily roundup of air transport news. 

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