Aviation Daily Roundup: July 23

Jeju Air has pulled out of a deal to purchase a controlling stake in fellow South Korean LCC Eastar Jet, putting Eastar’s survival into question.

Aegean Airlines has disclosed that although its Airbus A320/321neo order remains unchanged, it is seeking some “adjustments and flexibility” as management tries to shield the business from the COVID-19 crisis.

Alaska Air Group sees its consolidated airline operations being 65% the size of year-earlier figures by October and ramping up to 80% of comparable 2019 levels by the summer of 2021, company executives said.

The Belgian government has provisionally agreed to grant Brussels Airlines a €290 million ($335 million) rescue loan, using Lufthansa Group’s shares in the Brussels-based airline as a loan guarantee.

Citing the effects of the COVID-19 crisis on its business, Danish charter and wet-lease operator Jet Time is filing for bankruptcy but will resume operations in 2021-2022 under a new company name: “Jettime.”

The announcement that four U.S. and European airline groups are calling for a common COVID-19 testing program that would allow them to restore more of their transatlantic networks highlights the importance of this sector to carriers on both sides of the Atlantic.

Singapore Airlines (SIA) has secured another S$750 million ($541 million) in funding, taking the total liquidity it has raised since April 1 to S$11 billion.

American Airlines is using the air travel downturn as an opportunity to expand into the U.S. northeast and west coast markets where the carrier has struggled for years to compete against Delta Air Lines and United Airlines.

British Airways’ (BA) will vote on a proposed labor deal that includes around 270 compulsory redundancies, 20% pay cuts and a holding pool of retained pilots.