IATA Pushes For Vouchers, Expects $39B Q2 Industry Loss

Credit: Joe PriesIATA is pushing for broad adoption of travel vouchers in place of requiring airlines to refund passengers when flights are canceled during the COVID-19 crisis.

British Airways Boosts Cash Availability

Credit: Jeff Garrish/British AirwaysBritish Airways has boosted its financial reserves by extending its U.S. dollar-secured revolving credit facility for one year from June 23, 2020 to June 23, 2021.

Carbon-Neutral Fuel Plants Planned Across Scandinavia

Credit: Liquid WindSwedish startup Liquid Wind has announced plans to build a series of commercial-scale, renewable-fuel plants across Scandinavia.

Avcorp Widens Working Capital Deficit, Credit Line

Credit: Avcorp / TwitterAvcorp returned to its financial sponsor in early March to significantly increase a credit line, company representatives acknowledged Mar. 31.

British Airways Suspends Gatwick Flights

Credit: London Gatwick AirportBritish Airways is suspending flights from London Gatwick Airport from April— a temporary measure caused by the COVID-19 crisis.

Avia Solutions Finalizes Bluebird Nordic Acquisition

Credit: Bluebird NordicAvia Solutions Group—which is active in wet leasing, maintenance and training—has completed its acquisition of Iceland-headquartered cargo airline Bluebird Nordic for an undisclosed sum.

FAA Proposes Airport Noise Standards For Supersonic Aircraft

Credit: Boom SupersonicResponding to a congressional directive to exercise leadership in enabling the return of supersonic air travel, the FAA has proposed noise certification regulations for new supersonic aircraft.

FAA Releases Proposed Pilot Database Rule

Credit: Southwest AirlinesUnder a proposed new regulation, air carriers would be required to enter and share pilot records in an FAA-managed Pilot Records Database before making hiring decisions.

Credit: Rob Finlayson

DOT Clarifies Some Airline, Contractor Requirements For Grants, Loans

Credit: Rob FinlaysonThe pot of $29 billion in loan guarantees available for U.S. airlines comes with more restrictions than comparable amounts of available payroll grants, including minimum staffing requirements, though the preliminary U.S. Transportation Department procedures leave several major questions unanswered.