United Airlines warned of an estimated $2.1 billion pre-tax loss in the 2020 first quarter (Q1) and said it plans to seek up to $4.5 billion in additional loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Virgin Group chairman Richard Branson is saying Virgin Atlantic and Virgin Australia will need government support if they are to survive the COVID-19 crisis and keep competition alive in markets that would otherwise become effective monopolies.
National trade unions are protesting plans to lay off the entire South African Airways (SAA) workforce after the South African government declined to provide further financial support for the flag-carrier.
CAE, a Canadian manufacturer of aviation training simulators, is recalling temporarily laid-off employees as it plans to produce 10,000 ventilators to help in the treatment of COVID-19 patients.
Welcome to Routes’ look at how the North American 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.
Kawasaki Heavy Industries (KHI) and Subaru have suspended production of 787 components in response to Boeing’s earlier decisions, now partly reversed, to stop work on the program amid the coronavirus outbreak in the U.S.
Virgin Australia appears likely to enter voluntary administration this week amid the COVID-19 crisis as its options for acquiring the additional funding it needs have almost disappeared.
The Thai government is reported to be evaluating a request for THB24.15 billion ($736 million) in financial aid submitted by eight local airlines that have seen their businesses decimated by the COVID-19 crisis.
UK aviation and energy company Stobart Group is considering re-acquiring the fleet of aircraft it sold to Connect Airways as part of the latter’s takeover of UK regional carrier Flybe.
A group of U.S. Senate Democrats called on airlines to release an estimated $10 billion in full cash refunds for flights canceled by passengers owing to the COVID-19 pandemic.
