Kuwait-based lessor ALAFCO has reached an agreement with Airbus to defer the delivery of its on-order aircraft, as the world’s commercial aviation industry continues to shift into low gear amid the COVID-19 pandemic.
San Francisco International (SFO) announced the start of a program to rapidly test airport workers for COVID-19 on Aug. 24, joining other major airports that have introduced on-site employee testing facilities for the disease.
Airline industry watchers were broadly supportive of the Payroll Support Program (PSP) when it was passed by the U.S. Congress as part of the CARES Act, hailing it as a vital lifeline to help U.S. carriers survive what was expected to be a temporary demand shock.
Nordic Aviation Capital (NAC) has reported a $639 million loss for the fiscal year ended June 30, which included both the best and most difficult trading periods in the company’s 30-year history.
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