Specialist aircraft-finance consultancy IBA has forecast that 7.5% of the world’s narrowbodies and 30% of widebodies could be prematurely withdrawn from service over the next 20 months, creating a 2,500-aircraft oversupply.
Five U.S. Senators have introduced a bill that would force airlines to offer cash refunds for all flights canceled during the COVID-19 pandemic, regardless of whether the trip was canceled by the airline or customer.
Plans by Spain and the UK to impose lengthy quarantine periods for all arriving international air passengers will further damage the aviation sector, according to the body representing more than 50 of Europe’s regional carriers.
Europe’s airlines are criticizing European Commission (EC) guidelines for restarting transport and tourism in the region, calling recommendations on passenger compensation and vouchers “disappointing and confusing.”