Philippine Airlines (PAL) has slumped to a deep net loss in the first quarter ending March 31 thanks to the COVID-19 crisis, but some positive signs are emerging with the planned resumption of many domestic and international flights this month.
Regional aircraft lessor Nordic Aviation Capital (NAC) has applied to the Dublin High Court for debt relief and secured agreement from its shareholders for a $60 million equity injection as it tries to weather the COVID-19 crisis.
Delta Air Lines will suspend service to 11 domestic non-hub cities, following a decision by the U.S. Transportation Department (DOT) to provide greater flexibility from CARES Act minimum service requirements.
Ryanair, British Airways and easyJet have written to the UK government to condemn its decision to introduce a 14-day quarantine period for arrivals to the UK as part of its response to the COVID-19 crisis.
London City Airport will reopen for passenger services toward the end of June. Like most airports, it will initially face a reduced level of service, but this will be compounded without the presence of two airlines that played a significant role prior to the coronavirus pandemic.
Honeywell is launching safety packs designed for airline passengers and crew, tapping into the company’s manufacturing capabilities in the safety and personal protection equipment segment amid the COVID-19 pandemic.
Singapore Airlines (SIA) has successfully raised S$10 billion ($7.2 billion) in funding from the issuance of rights as well as securing new long-term and short-term loans from various sources.
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