Aviation Daily Roundup: June 5
Latin America Market Update
Credit: Azul via FacebookWelcome to Routes’ look at how the Latin American aviation market is recovering from the COVID-19 pandemic. Routes is part of the Aviation Week Network.
Airbus Appoints Anand Stanley To Head Asia-Pacific Office
Credit: AirbusAirbus has appointed Anand Stanley as the new president of Airbus Asia-Pacific.
New Rules Could Lift Chinese International Flights 48%
Credit: Rob FinlaysonRevised rules will increase international passenger flights to China by up to 48%, the Civil Aviation Administration of China (CAAC) said.
Rolls-Royce Reaffirms Electric Push As Part Of Zero Carbon Commitment
Credit: Rolls-RoyceUK engine maker Rolls-Royce has reasserted plans to focus on electrification and alternative fuels as part of a broader corporate commitment to become operationally net zero carbon by 2030 and, in the longer term, to help the transport and power sectors it supplies to achieve net zero carbon emissions by 2050.
Airlines May Rethink ‘Business Interruption’ Insurance Post-Pandemic
Credit: AlbatrosMost airlines canceled nearly all international passenger flights following the outbreak of the novel coronavirus and have lost an enormous amount of revenue over the last few months.
IAG Considers Legal Challenge Over UK Quarantine Plan
Credit: Sky NewsInternational Airlines Group (IAG) is considering a legal challenge to UK government plans to impose a 14-day quarantine on international arrivals as part of efforts to fight COVID-19, CEO Willie Walsh has said.
U.S. To Permit Limited Chinese Airline Service
Credit: Nigel Howarth / AWSTThe China-U.S. airline-service detente continued June 5 as the U.S. Transportation Dept. (DOT) scrapped a plan to ban Chinese passenger carriers in mid-June, approving a total of two weekly frequencies instead.
Air New Zealand Signals Another Round Of Labor Cuts
Credit: Air New Zealand via TwitterAir New Zealand is looking to further slash its labor costs as the workforce cuts it has already made have not been enough to offset revenue declines.
Garuda Indonesia Gains Approval To Delay Bond Repayments
Credit: Rob FinlaysonGaruda Indonesia has completed a restructuring of bond obligations in a crucial step to improve its financial position.
United Airlines To Double Domestic Schedule In July
Credit: Rob FinlaysonUnited Airlines became the latest U.S. carrier to substantially ramp-up its domestic capacity in July, reflecting growing optimism about a summertime rebound in leisure travel demand.
AirAsia Evaluating Capital Raise Options
Credit: AirAsiaSoutheast Asia’s largest LCC AirAsia Group is reportedly looking to sell 10% of its equity to South Korea’s SK Group to raise funds as the ongoing COVID-19 crisis impacts cashflow.A daily roundup of air transport news.
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