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Magazine Issue

Aviation Daily, April 16, 2020

VOL. 420 NO. 9 April 16, 2020
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Airlines

aircraft
article

CARES Act Aid Terms Catch Industry Off Guard

Apr 15, 2020
The terms of the agreement in principle reached between 10 airlines and the U.S. Treasury Department regarding $25 billion in payroll assistance provided under the Coronavirus Aid, Recovery, and Economic Security (CARES) Act surprised industry-watchers, many of whom had previously expected the aid to consist entirely of grants.
aircraft
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LOT Owner PGL Drops Bid To Acquire Condor

Apr 14, 2020
Polish Aviation Group PGL officially dropped its bid to buy German leisure carrier Condor amid the coronavirus crisis. 
article

CARES Act ‘Woefully Short’ Covering Airline Costs, Republic CEO Says

Apr 15, 2020
The unprecedented U.S. Cares Act to provide funding for businesses affected by the COVID-19 crisis will fall well short of covering airline running costs in the country, according to the CEO of Republic Airways.
aircraft
article

Wizz Air To Make 19% Of Employees Redundant

Apr 14, 2020
Central and Eastern European LCC Wizz Air has announced 1,000 job redundancies and pay cuts that will last until March 2021, in preparation for the wider financial impact of COVID-19.

The Daily Memo

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Daily Memo: Girding For Triage In The A&D Supply Chain

Apr 15, 2020
No one uses the words apocalyptic or cataclysmic—yet—but without a doubt, the COVID-19 pandemic’s impact on aerospace and defense manufacturing will…

Safety

aircraft
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ICAO Getting Feedback On Virus-Free ‘Corridor’ Concept

Apr 15, 2020
ICAO is getting preliminary feedback on a proposal that would create a virtual tunnel that only permits virus-free flight crew and potentially passengers to travel, and is confident that the idea, while complex, will yield a workable model for airlines to use post-pandemic.

Cargo

cargo
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Chinese Freighter Operations Surge Amid Belly Shortage

Apr 15, 2020
Shortage of passenger-aircraft belly space prompted a surge in mainland Chinese freighter operations in March, even as general airline activity remained depressed, figures from the Civil Aviation Administration of China (CAAC) showed.

Suppliers

Spirit AeroSystems
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Spirit Aero Warns COVID-19 Will Hammer Quarterly Results

Apr 15, 2020
Spirit AeroSystems—the primary supplier to Boeing including for much of the 737 MAX and which does substantial defense industry work—warned Wall Street on April 14 it will record a roughly $160 million loss for the recently ended first quarter of 2020, as well as a pretax loss of around $102 million.

Air Navigation

article

CANSO Given Go-Ahead To Access Emergency Funding For ANSPs

Apr 14, 2020
European nations have agreed to allow the Civil Air Navigation Services Organisation (CANSO), which represents air navigation service providers (ANSPs), to take out loans of up to €1.27 billion ($1.39 billion) to get its members through the COVID-19 crisis.

Airline Snapshot

data-charts-graphs

Airline Snapshot: Norwegian Air Shuttle ASA

Apr 15, 2020
Weekly profile of a major airline.