Aviation Daily Roundup: May 11

May 11, 2020

With No State Aid Forthcoming, Avianca Files For Bankruptcy

Credit: Credit: Joe Pries
Avianca Holdings, one of Latin America‘s largest airlines, has filed for chapter 11 bankruptcy in New York after failing to secure a government bailout before the deadline for a $66 million bond repayment due this month.

Lufthansa Technik To Convert A380 For Cargo

Credit: Credit: Airbus
As part of its new program that reconfigures passenger aircraft for cargo operations in the age of COVID-19, Lufthansa Technik has signed its first agreement to convert an Airbus A380.

Italy To Relaunch Alitalia With At Least $3.2bn Initial Capital

Credit: Joe Pries
Italy plans to invest at least €3 billion ($3.2 billion) in relaunching newly renationalized Alitalia and is eyeing the long-haul market, according to economic development minister Stefano Patuanelli.

COVID-19: North America Market Update

Credit: Credit: Nigel Howarth / Aviation Week
Welcome to Routes’ look at how the North American aviation market is responding to the COVID-19 pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together. Routes is part of the Aviation Week Network.

IAG Says UK Quarantine Plan Will Slow Planned Flight Recovery

Credit: Joe Pries
The UK’s plan to impose a 14-day quarantine on passengers arriving from abroad will force International Airlines Group to rethink its post-lockdown plans, its CEO said May 11, echoing criticisms from across the UK aviation industry.

Indonesia Aids Garuda On $1B Debt Plan, Ex-CEO Imprisoned

Credit: Joe Pries
The Indonesian government is in the process of helping Garuda Indonesia draft a $1 billion financing proposal as the state-controlled airline has a $500 million Islamic bond (sukuk) due in June.

Russia’s Regional Subsidy Program Grows 44% In Q1

Credit: Angara Airlines / Facebook
Russian airlines carried 413,600 passengers under the regional flights subsidy program in the 2020 first quarter, up 44% year-over-year.

Frontier Airlines To Screen Crew, Passenger Temperatures At The Gate

Credit: Frontier Airlines / Facebook
Frontier Airlines became the first U.S. carrier to announce plans to screen temperatures at the gate, as calls for a uniform screening policy gather steam across the industry and on Capitol Hill.

Daily Memo: Asia-Pacific Routes Dominate Domestic Rankings List

Credit: Credit: KAC
Changes in the global rankings of domestic air routes illustrate that Asia-Pacific markets are generally weathering the COVID-19 crisis better than those in other regions.

A daily roundup of air transport news. 

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