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Magazine Issue

Aviation Daily, June 10, 2020

VOL. 420 NO. 47 June 10, 2020
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Airlines

Cathay
article

Cathay Ensures Survival With Government-Led Bailout Plan

Jun 09, 2020
The Hong Kong government will gain a minority stake in Cathay Pacific thanks to a massive bailout package, while the airline has committed to further wage savings and a sweeping overhaul of the group’s business strategy.
aircraft
article

IATA Sees $100 Billion Industry Loss For 2020-21, Profits In 2022

Jun 09, 2020
The International Air Transport Association (IATA) anticipates the airline industry will return to profitability in 2022.
Southwest
article

Southwest Completes $1.8 Billion Debt Offering

Jun 09, 2020
Southwest Airlines completed a $1.8 billion debt offering on June 8, part of an effort to buttress its balance sheet during the extended industry downturn caused by the COVID-19 pandemic.
arj21
article

China Express To Announce Order For 50 ARJ21s

Jun 09, 2020
China Express Airlines on June 10 will sign a preliminary agreement to buy 50 Comac ARJ21s and take options on 50 more, industry sources said.
British Airways
article

Union Accuses British Airways Of Plan To Fire All Pilots

Jun 08, 2020
The British Airline Pilots Association (BALPA) has accused British Airways (BA) of planning to fire all of its flightdeck crews and rehire a smaller number at lower salaries.
Austrian
article

Austrian Airlines' State Aid Comes With Strings Attached

Jun 09, 2020
Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.

The Daily Memo

aircraft
article

Daily Memo: French Aerospace Industry Bailout Sets Ambitious Environmental Goals

Jun 09, 2020
Responding to the brutal downturn caused by the COVID-19 pandemic, the French government on June 9 announced an €8-billion ($9 billion) bailout plan that not only aims to save employees from layoffs and aerospace companies from bankruptcy—it takes the opportunity to force an overdue consolidation and modernization of the supply chain.

Regulatory/Legislative

Batik
article

Indonesia Scraps 50% Load Factor Rule

Jun 09, 2020
Indonesia's transport ministry has removed a 50% load factor restriction on flights as the country prepares to resume normal economic activities.

Industry Data

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data-charts-graphs

Leisure And Discounted Business Fares: Week Of June 1

Jun 09, 2020
Leisure and Discounted Fares