Bombardier saw a $600-800 million impact on cashflow in the first quarter due to the COVID-19 crisis and projects a similar impact in the second quarter, during which it expects business activity to hit a low point before beginning to recover.

Argentina’s government has initiated plans to merge Aerolíneas Argentinas and Austral in order to improve efficiencies and reduce costs. In a letter…

Calls have been growing in Europe for airline bailouts to include environmental conditions and before the COVID-19 crisis, the French government was among those calling for greater sustainability efforts from airlines in recent months, introducing an eco-tax on flights departing France from the start of 2020. 

Vietnam Airlines plans to restore all of its domestic routes by June, which would mark a rapid rebound from the suspension of all but a handful of flights in April.

The recent decision by Brazil’s largest domestic airline GOL to cancel orders for 34 Boeing 737 MAX narrowbodies has coincided with a compensation payment from the airframer, bolstering GOL’s cash balances to withstand the COVID-19 pandemic. 

Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19. 

Air France-KLM posted a net loss of €1.8 billion ($1.95 billion) for the first three months of the year, hit by the devastating impact of the COVID-19 coronavirus crisis on its operations.  

Airbus delivered just 14 aircraft in April, showing the severe impact of the coronavirus pandemic on the air transport industry.