JetBlue Airways is capitalizing on the worst downturn in air travel history to reinforce its New York and Los Angeles focus cities, part of a plan to emerge from the COVID-19 crisis with an enhanced competitive profile on both U.S. coasts.
Business rescue practitioners acting for South African Airways (SAA) have secured stakeholder clearance for a final element of their business rescue plan, leaving only a few administrative details outstanding.
Shared-use lounge provider Airport Dimensions has acquired fellow-UK airport facilities company Onground Hospitality, which specializes in providing short-term sleeping areas for passengers in terminals.
Spanish LCC Volotea has agreed to a syndicated loan of €150 million ($176 million) to help meet its operational and financial needs following three months of “hibernation” caused by the COVID-19 pandemic.
Commercial aviation’s pandemic-driven downturn appears to have hit its low point during the 2020 second quarter (Q2), but signs point to a slow and unsteady recovery that will last until at least 2024, Raytheon Technologies Corp. (RTX) executives said.
Senate Republican leaders have released a proposal for another round of relief aid that includes a desperately needed $10 billion to help airports deal with the unprecedented crisis caused by the COVID-19 pandemic.
Initial hard data on the scope of the aftermarket’s downturn suggests the immediate drop was less severe than expected, but the climb back to pre-pandemic levels may take longer than initially projected.
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