Compared to the $84 billion airlines globally are projected by IATA to lose in 2020, Vietjet said its losses were “modest” as it awaits a potential aid package from the state.
Pratt & Whitney will retrench around 400 jobs—or 20%—of its 2,000 employees in Singapore as demand for engine-related MRO has disappeared amid the COVID-19 pandemic.
An Aviation Week panel sees significant changes coming in global military aircraft procurement over the next several years, as countries battered by the biggest global economic contraction since World War II look to simultaneously scale back defense spending and prop up their indigenous industries.
U.S. ULCCs capitalized on a modest rebound in domestic air travel demand during the 2020 second quarter (Q2), but sentiment has soured as top leisure destinations became COVID-19 hotspots in recent weeks.
Europe’s airline and airport associations have written to lawmakers across the continent warning that inconsistent COVID-19 travel restrictions are hampering consumer confidence.
Extensive home-country travel restrictions on top of downward pressure on air travel demand worldwide continues to constrict Air Canada, leaving the airline focusing on cargo revenues while it waits out the COVID-19 pandemic.