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Aviation Daily, May 5, 2020 is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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Airlines

aircraft
article

EU Approves French Bailout Package For Air France-KLM

May 04, 2020
The European Commission has approved the French state’s €7 billion ($7.7 billion) package to help Air France-KLM withstand the COVID-19 crisis, saying the plans comply with EU state aid rules and praising the decision to link the funding to environmental targets. 
aircraft
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Norwegian Wins Debt-To-Equity Approval, Unlocks Further State Aid

May 04, 2020
Norwegian Air Shuttle has won shareholder approval to convert a large slab of debt to equity, a result that makes the ULCC eligible to receive more financial aid from the Norwegian government.
aircraft
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Air Canada To Retire 79 Planes Over Pandemic Slowdown

May 04, 2020
Air Canada is speeding up retirement of 79 older jets across its fleet as it digs in for a drawn-out period of low demand owing to the COVID-19 pandemic.
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JAL Full-Year Profits Hit By Pandemic, Political Disputes

Apr 30, 2020
Japan Airlines (JAL) saw its profit drop sharply for the fiscal year ending March 31 because of the COVID-19 pandemic and international political…

The Daily Memo

MRO
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Daily Memo: An Early Peek At The Pandemic’s Implications For Engine MRO

May 04, 2020
Before the coronavirus pandemic hit, the engine overhaul segment was as strong as any vertical market in commercial aviation. 

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Suppliers

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Spirit Aero Lays Off 1,400 More After Airbus, Boeing Cuts

May 01, 2020
The largest aerostructures provider to Airbus, Boeing and other aircraft makers will lay off around 1,450 more workers at its Wichita headquarters campus.

Editorial

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EDITORIAL: Buffetting the airlines and the American economy

May 04, 2020
Some four years ago, American billionaire investor and Berkshire Hathaway CEO Warren Buffett thrilled the US major airlines when he bought stakes in each

Regulatory/Legislative

aircraft
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Allegiant Awarded Flexibility From CARES Act Flying Levels

Apr 29, 2020
Allegiant Air has received permission from the U.S. Transportation Department (DOT) to reduce service at a host of domestic airports below minimum levels outlined in the CARES Act coronavirus stimulus law.

Cargo

An-124
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Volga-Dnepr Predicts Sustainable Air Freight Demand Post-COVID-19

Apr 23, 2020
While Russia’s passenger air traffic has almost ground to a halt because of travel restrictions, the country’s largest cargo carrier Volga-Dnepr Airlines is operating at capacity to help combat COVID-19 at home and abroad.

Airport Profile

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Airport Profile: Hartsfield-Jackson Atlanta International (ATL)

May 04, 2020