Aviation Daily Roundup: September 22

Aircraft engines MRO providers are forecasted to lose $1.5 billion in revenue as airlines turn to green time engines from parked aircraft amid the pandemic to preserve cash.

Icelandair has raised ISK23 billion ($167.7 million) through a heavily oversubscribed share offering, hitting the top end of its ISK20-23 billion guidance.

The European Commission (EC) has set out plans to upgrade the Single European Sky (SES) regulatory framework, modernizing the management of European airspace.

Aeromexico reached deals with 27 lessors to convert leases on nearly 100 assets to power-by-the-hour agreements after the move was approved by a U.S. bankruptcy court as part of its restructuring, the airline said Sept. 21.

Australian carrier Regional Express Holdings (Rex) is in talks with a major investment group to secure the funding it needs to establish the airline’s first jet services on domestic trunk routes.

With the U.S. Government’s Payroll Support Program (PSP) set to expire on Oct. 1, time is quickly running out for Congress to prevent mass furloughs across the U.S. airline industry.

The Norwegian government has announced plans to further extend its loan-guarantee scheme for airlines to the end of 2020, as the COVID-19 crisis persists.

IATA is now calling for systematic COVID-19 testing of all international passengers before departure as a key part of efforts to restart aviation during the coronavirus pandemic.

The airline industry will never return to its pre-pandemic state, Willie Walsh, the recently-retired former CEO of International Airlines Group (IAG) said.

A Boeing-developed ultraviolet wand that can sanitize aircraft interiors will be manufactured by Florida-based lighting specialists Healthe after final validation testing under the aircraft manufacturer’s latest ecoDemonstrator program

The decision by some Australian states to reopen borders for domestic travel has prompted Australia’s major airlines to restore suspended routes and boost frequencies on others.

Research provided by flight-search website Skyscanner has revealed that passengers are responding to the COVID-19 crisis by booking flights last-minute and remaining closer to home.