The French state will grant Air France-KLM a total of €7 billion ($7.6 billion) in loans to help it weather the COVID-19 crisis, and longer-term may consider increasing its stake, the Franco-Dutch airline group said April 24.
Aeromexico plans to slash its capacity by 80% in the 2020 second quarter (Q2) while working to convince Mexico’s government of the country’s airlines’ need for financial aid as credit markets tighten during the COVID-19 pandemic.
Certificated repair stations located on airports are among the U.S. aviation contractors eligible for payroll support established by the COVID-19 pandemic relief act, the U.S. Treasury confirmed, but the department has not weighed in on off-airport shops.
Western Australia’s Perth Airport (PER) has seized some of Virgin Australia’s parked aircraft to ensure that the airline can pay money owed to the airport.
The Association of Flight Attendants-CWA (AFA) wants the federal government to require passengers and crew members wear masks at all times while in airports and onboard aircraft.
A few weeks ago, Aviation Week spoke with Airbus chief commercial officer Christian Scherer about the role of lessors. Scherer was still full of praise.
Alitalia will relaunch in June with a reduced fleet of around 90 aircraft, Italy’s economic development minister Stefano Patuanelli told a parliamentary hearing April 23.
Garuda Indonesia saw first quarter (Q1) 2020 revenue drop by 33% year-on-and year—and sharper declines are yet to come in April as COVID-19 restrictions within Indonesia tighten.
Air New Zealand is axing two of its long-haul routes and shelving plans for another as it becomes apparent that much of its widebody fleet will be parked well into next year.
With no end to the COVID-19 crisis in sight, Singapore Airlines (SIA) is flying four of its Airbus A380 and two of LCC subsidiary Scoot’s A320ceo to the Asia Pacific Aircraft Storage (APAS) facility in Alice Springs, Australia for long-term parking.
Welcome to Routes’ look at how the Latin America aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Indonesian authorities have prohibited domestic air travel from April 24 to June 1, representing a major change for a market that has so far been less affected by coronavirus-related flight suspensions than many other countries.
Boeing has tapped Mark Jenks to lead a new Airplane Programs organization that the company expects to ensure both consistency and efficiency throughout its core commercial aircraft production efforts—one of several changes announced by the company’s leadership aimed at aligning similar businesses.
Southwest Airlines chairman and CEO Gary Kelly pledged the company would “exhaust all other efforts” before shrinking its workforce but cautioned such reductions may eventually be needed amid the extensive downturn caused by the COVID-19 pandemic.
The FAA will adjust the operating hours of 100 airport towers to “ensure resiliency” of the air traffic control (ATC) system and protect employees during the coronavirus pandemic, the agency announced.
Air France-KLM’s CEO Ben Smith said he would forego his 2020 bonus and promised to speed up restructuring as the airline group moved closer to securing a multi-billion-euro state-guaranteed loan from France.
Lufthansa Group said April 23 that it needs financial assistance by its home countries to be able to survive as it cannot get sufficient access to additional liquidity in financial markets.
Gurit, a Swiss-based provider of prepreg composite materials for aerospace, announced April 23 that its longtime CEO Rudolf Hadorn will step down at the end of March 2021 but could eventually become chairman of the board of directors.
Delta Air Lines is looking to Wall Street for $3 billion in additional financing, in an attempt to bolster its cash reserves while revenues remain badly depressed by the COVID-19 pandemic.
European airlines are warning of the potential effects of social distancing measures onboard aircraft as the industry begins planning for how to restart air transport in the region.
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.
