The U.S. Treasury Department has disbursed an initial round of financial aid to passenger airlines worth $2.9 billion, as a deal was finalized with six large carriers over terms related to payroll assistance under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

North American companies involved in building and operating small drones are proposing systems that could potentially be used in battling the COVID-19 pandemic.

Air Canada will suspend its limited transborder flying on April 26, citing the extension of coronavirus-related joint travel restrictions put in place by Canada and the U.S., and reduced demand for repatriating Canadians.

Lockheed Martin proved April 21 why its is probably the best-positioned company in aerospace and defense to ride out the novel coronavirus outbreak, with the company reporting consensus-beating first-quarter financial results and a positive forecast for 2020.

By mid-April, a White House-sponsored airlift to deliver urgently needed medical supplies to combat the COVID-19 pandemic had completed 45 flights. 

A Japanese choice of U.S. partners for development of the Next Generation Fighter has been reported by a second major Japanese newspaper, the Asahi Shimbun, following an article along similar lines last month.

All Nippon Airways (ANA) Holdings has significantly cut its estimated profit for its fiscal year that ended March 31, attributable to a decrease in revenue linked to the COVID-19 pandemic.

Icelandair Group is to issue new shares and press ahead with union and supplier negotiations as part of its financial restructuring triggered by the COVID-19 outbreak.