Aviation Daily Roundup: August 31

The Colombian government has agreed to loan Avianca Holdings up to $370 million as part of a restructuring designed to get the airline back on solid financial footing.

China’s three state carriers reported a combined CNY26.1 billion ($3.8 billion) net loss for the first six months (H1) of 2020, even as the Chinese commercial aviation industry worked its way back toward normal capacity in the second quarter.

The gradual restoration of the route networks of Emirates Airline and LCC sister-company flydubai has seen the resumption of the strategic partnership between the two carriers.

Indian conglomerate Adani Enterprises is preparing to take over Mumbai International Airport Ltd. (MIAL)—the country’s second-busiest airport—and will also gain control over a new airport to be built in Mumbai.

Dublin-headquartered aviation asset manager Stellwagen Group has come under new ownership, after a consortium of investors bought out majority shareholder and company founder Douglas Brennan.

The most hated airline fee in the U.S. appears to be on the way out, thanks to the COVID-19 pandemic.

Workers at London Heathrow Airport are trialing three types of rapid-turnaround COVID-19 tests, which could ultimately be used for passenger testing, eliminating the need for quarantine.

Rolls-Royce plans to reduce costs linked to its spare-engines pool and lean more heavily on third-party shops as part of sweeping changes within its civil aerospace business to cope with reduced air transport activity for the foreseeable future.

China’s HNA Group, which owns 100% of ground handling giant Swissport International, is to give up its shareholding under a debt-for-equity restructuring that will see ownership pass to the company’s creditors.

Indian carrier Vistara has undertaken its first long-haul services with the start of two months of services from Delhi to London Heathrow.