Russia’s largest airline group Aeroflot is to soon receive a massive cash injection from its major shareholder, the Russian government, through a rights issue.
The COVID-19 pandemic has led to a shift in the public’s perception of business jets away from a luxury product and to a safe and efficient alternative to commercial airlines, according to Asian charter operator Sino Jet.
Lufthansa Group said the collapse in demand for air travel following the outbreak of COVID-19 leaves it no choice but to start making redundancies in Germany and scrap 100 of its aircraft.
Vietnam Airlines will reportedly halve the pay of its pilots and cabin crew after the flag-carrier saw a 68% year-on-year (YOY) fall in revenue for the second quarter.
Boeing does not expect to issue more debt to raise funds at this time, the company’s chief financial officer said Aug. 5, but management will “keep all our options open” through the "dynamic" COVID-19 and 737 MAX crises .
Sixteen Republican Senators signed on to a letter urging the chamber’s leadership to extend the CARES Act Payroll Support Program (PSP) until March 2021, signaling growing bipartisan consensus that more aid will be needed to avert mass layoffs this fall.
Embraer will push back the planned entry-into-service date for its E175-E2 until 2023, as the Brazilian manufacturer contends with weak airliner demand in the wake of the COVID-19 pandemic.
Upping the ante from the successful “airport boarding” experience in July, Taiwan’s four carriers all launched flights-to-nowhere in line with Father’s Day celebrations on Aug. 8.
Garuda Indonesia’s financial situation worsened as lessors took legal action for unpaid leases and government aid to help the flag-carrier weather the COVID-19 crisis has yet to arrive.
