Aviation Daily Roundup: October 6
Restructuring Plan Vital To Survival, AirAsia X Says
Credit: Joe PriesAirAsia X is negotiating to restructure its debt obligations as a prerequisite to seeking the equity it needs to survive and resume operations.
Boeing Drops 10-Year Global Delivery Forecast 11%, Citing Pandemic
Credit: BoeingBoeing’s updated commercial forecast sees customers taking 11% fewer new deliveries in the next decade than it projected a year ago as the industry slowly emerges from the demand crisis created by the COVID-19 pandemic.
Regionals Combine To Patch UK’s Domestic Network
Credit: AurignyTwo UK regional airlines have signed a codeshare agreement, taking another step to fill some of the gaping holes in the country’s domestic connectivity left by the collapse of Flybe in March.
Singapore Outlines Plans To Revive Air Hub
Credit: Changi Airport GroupThe Singaporean government is looking to focus on COVID-19 testing and unilaterally lifting borders restrictions for travelers coming from countries with low infection rates as “protective measures” to revive its air hub.
Daily Memo: COVID-19 Accelerates Big Changes In IFC Market
Credit: GoGoAirBack in the good days, there was considerable debate over how much airlines needed to adapt to passengers bringing their own electronic media devices.
More Jobs To Go Under KLM Restructuring Plan
Credit: KLM / TwitterKLM is looking for further voluntary redundancies after submitting a restructuring plan to the Dutch government, which was one of the requirements to access €3.4 billion ($4 billion) in state-backed loans and guarantees.
IATA Warns Airlines Will Not Turn Cash Positive Until 2022
Credit: Reagan International Airport / TwitterThe world’s airlines stand to burn through $77 billion in the second half of 2020 and are not expected to become cash positive until 2022, IATA said Oct. 6 in a grim update on the financial outlook for the industry.
SAA Technical Lifts Suspension On South African Airways, Mango
Credit: SAA TechnicalSouth African Airways Technical (SAAT) has agreed to resume maintenance work for South African Airways (SAA) and its LCC operation Mango Airlines after suspending services because of non-payment.
Southwest Airlines Seeks Company-Wide Pay Cuts To Stave Off Furloughs
Credit: Southwest AirlinesSouthwest Airlines will seek a round of pay cuts from its labor unions as part of a push to reduce costs enough to avoid involuntary furloughs through the end of 2021.
FAA Extends Slot Relief At Congested U.S. Airports Through March 2021
Credit: Newark Liberty International Airport / TwitterThe FAA has extended slot rule waivers at three congested U.S. east coast airports through the end of March, in an effort to relieve airlines hard hit by the COVID-19 pandemic.
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