Aviation Daily Roundup: September 22
Green Time Engines To Impact MRO Revenues, Consultancy Says
Credit: Joe PriesAircraft 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 Share Offering Hits Top End Of Guidance
Credit: Icelandair / FacebookIcelandair has raised ISK23 billion ($167.7 million) through a heavily oversubscribed share offering, hitting the top end of its ISK20-23 billion guidance.
EC Puts Forward Plan For Single European Sky Revamp
Credit: European Commission / TwitterThe European Commission (EC) has set out plans to upgrade the Single European Sky (SES) regulatory framework, modernizing the management of European airspace.
Aeromexico Converts Leases As Part Of Bankruptcy Restructuring
Credit: Aeromexico / TwitterAeromexico 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.
Rex Finds Investor Support For Proposed Jet Operations
Credit: Regional Express Holdings LimitedAustralian 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.
Daily Memo: Standalone Bill Could Be Last Hope For PSP Extension
Credit: Hartsfield-Jackson Atlanta International AirportWith 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.
Norway To Extend Aviation Loan Guarantee Scheme
Credit: Norwegian AirlinesThe 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 Wants Testing For All International Passengers
Credit: EmiratesIATA 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.
Industry ‘Never Going To Get Back’ To Pre-COVID State, Walsh Says
Credit: IAGThe airline industry will never return to its pre-pandemic state, Willie Walsh, the recently-retired former CEO of International Airlines Group (IAG) said.
Boeing Anti-Viral UV Wand To Enter Production
Credit: BoeingA 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
Australian Airlines Resume Domestic Flights As State Borders Reopen
Credit: Gold Coast AirportThe 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.
Data Illustrates Shift Toward Last-Minute Bookings
Credit: Rob FinlaysonResearch 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.
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