Aviation Daily Roundup: May 8
European Airlines Plan Route Resumptions
Credit: Rob FinlaysonFurther glimmers of light at the end of the pandemic tunnel have come from a trio of carriers announcing the resumption of services over their networks.
Latvian Government To Bolster AirBaltic With New Funding
Credit: Rob FinlaysonLatvia’s Cabinet of Ministers has approved the investment of up to €250 million ($272 million) in airBaltic’s equity to help the national carrier through the COVID-19 pandemic.
Singapore Airlines To Report First Ever Annual Loss
Credit: Singapore AirlinesAhead of its full year financial report on May 14, Singapore Airlines (SIA) has put out a stock announcement saying it is expecting a net loss for fiscal 2019-2020, including a material operating loss for the last quarter between January and March.
Pandemic Disrupts Lessors Beyond Just Late Payments
Credit: BoeingLessors across the industry are dutifully managing requests for payment deferrals from a majority of customers, but other issues created by the global pandemic are proving more difficult to handle.
TAV To Acquire Kazakhstan’s Almaty Airport
Credit: TAVTurkey’s TAV Airports company has signed a share purchase agreement to acquire 100% shares of Kazakhstan´s Almaty International Airport, together with its consortium partner VPE Capital.
Air New Zealand Plans Domestic Network Recovery
Credit: Rob FinlaysonAir New Zealand has revealed plans to restore many of its domestic routes when the country’s travel restrictions are reduced, which could occur within the next week.
China Express Signs Preliminary Deal For 50-80 COMAC ARJ21s
Credit: COMACChina Express Airlines has signed a preliminary agreement to buy 50-80 COMAC ARJ21 regional jets, an industry source said.
EgyptAir, Air Cairo To Partner On New Network, Fleet Plans
Credit: EgytpairStar Alliance member EgyptAir and hybrid LCC Air Cairo have signed an MOU to enhance their strategic positioning and integrate their network and fleet, in an effort to overcome the repercussions of the spread of COVID-19.
Frontier Drops Middle Seat Fee Plan After Outcry From Lawmakers
Credit: Rob FinlaysonFrontier Airlines has dropped an offer to charge passengers extra to keep the middle seat empty, following accusations of profiteering amid the COVID-19 pandemic by lawmakers in the U.S. House and Senate.
Delta, LATAM Sign Trans-American JV Deal
Credit: Delta Air LinesDelta Air Lines and LATAM Airlines Group signed their long-planned joint venture (JV) agreement between North and South America, an affirmation of their strategic partnership despite the near-total collapse in international travel owing to the global spread of COVID-19.
JetBlue Rejiggers Airbus Orderbook Amid Coronavirus Slowdown
Credit: AirbusJetBlue Airways reached an agreement with Airbus to restructure its aircraft delivery schedule, pushing out several dozen A321neos past 2022.
Loan Requires SWISS Cuts Costs; Airline Plans June ‘Cautious Restart’
Credit: Rob FinlaysonSwiss International Air Lines (SWISS) must cut costs by 20% under a new business plan after Switzerland’s federal councils approved a CHF1.3 billion ($1.3 billion) commitment loan for SWISS and its leisure company Edelweiss Air.
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