Aviation Daily Roundup: July 9

Aero-engine manufacturer Rolls-Royce has taken a £3 billion ($3.8 billion) hit to its finances as a result of the novel coronavirus pandemic.

Airbus saw a substantial recovery of deliveries in June compared to May, but the level is still well below pre-crisis and current production rates.

AirAsia has highlighted its efforts to raise new funds and cut costs as it seeks to reassure investors following an auditor’s report that questioned the carrier’s financial viability.

Finnair has raised €512 million ($578 million) through the issue of new shares, generating around €501 million in net proceeds after costs.

Hawaiian Airlines is preparing to return most of its Airbus A321neo fleet to active service as the carrier ramps up flights between Hawaii and the U.S. mainland.

Casablanca-based Royal Air Maroc will reduce its workforce by about one-third and shrink its fleet as it is reportedly losing MAD50 million ($5 million) every day because of the COVID-19 crisis.

Ireland-based ULCC Ryanair and cabin crew union Unite have agreed to temporary salary reductions in return for retaining jobs among the airline’s UK personnel.

European states are sowing confusion among travelers by failing to take a uniform approach to easing restrictions on pandemic-related air transport bans, warned representatives of the continent’s airlines and airports.

The total number of scheduled seats offered by airlines around the world is on course to break the 50 million barrier next week—the first time the figure will have been achieved in more than three months.

International Airlines Group’s (IAG) long-haul LCC LEVEL France will cease operations and start consultations with staff representatives on July 15, just weeks after sister short-haul carrier LEVEL Europe announced insolvency June 19.