Coronavirus

GARUDA INDONESIA had US$123.5m net loss for 1Q20 (vs 19.7m net profit in 1Q19) on 30% lower revenues.

AIRASIA GROUP posted RM953m net loss for 1Q20 (vs RM102m profit in 1Q19) on 15% lower revenues.

AEROMEXICO is expected to return 23 aircraft (10 737NGs/nine E170s/four E190s) to lessors as part of its reorganization.

SKYWORKS has been retained by bondholder group in LATAM 2015-1 EETC to manage repossession/emarketing of 17 aircraft (11 A321-200s/four 787-9s/two

AVIATION CAPITAL GROUP announced it has to date agreed to defer about $61m in lease payments (about 6% 2019 revenues). It also expects to defer

Business aviation manufacturers are laying off employees although flight activity is “recovering smartly,” said Brian Foley, a consultant with Brian Foley Associates.

JetBlue Airways and its pilots struck an agreement that will remove the possibility of involuntary furloughs through May 1, 2021, the first deal of its kind at any U.S. airline during the COVID-19 crisis.

Ask the Editors: The French government and France’s Big Four aerospace manufacturers partner up to infuse ailing suppliers with capital.

Flights between Sydney (SYD) and Melbourne (MEL), the world’s second busiest route in 2019 by number of departures, are to be scaled back following a spike in the number of novel coronavirus cases.

With the COVID-19 crisis putting massive financial pressure on airlines, several major Asia-Pacific carriers are deferring aircraft orders as one of

BARFIED (AFI KLM E&M) was selected by On Target Spray Systems, OR as distributor for its electrostatic cart for disinfecting aircraft interiors

AZUL expects to operate 303 peak daily departures by the end of August, representing about 35% of its pre-crisis total.

AIRBALTIC secured approval from European Commission for €250m equity investment from Latvian Govt to combat COVID-19.

UNITED completed 3.8b MileagePlus senior secured notes offering. MileagePlus subsidiaries also secured $3b term loan.

FASTJET, South Africa says without additional funding it will be forced to shut down at end of August; it has suspended operations through end of July

AIR FRANCE plans to reduce its workforce by 16% by end of 2022 as it is predicting it will not see the same level of activity as in 2019 before 2024

BOEING announced second round of layoffs affecting 1,030 employees, increasing total to 10,500.

MTU AERO ENGINES plans to reduce its workforce by 10-15% by end of 2021 as result of impact from COVID-19 pandemic.

ROLLS-ROYCE says it is in early stages of reviewing a range of potential options to strengthen its balance sheet and to position itself for post-COVID

The UK government has published a list of countries from which international arrivals to England will not have to self-isolate, including France, Greece, Italy, Spain and other popular tourist destinations.

Korean Air has been cleared to seek additional financing from a new government assistance fund that should help the carrier stay afloat through the COVID-19 crisis.

Air France plans to cut 6,560 jobs by the end of 2022, with a further 1,020 to go from its regional subsidiary HOP! through fleet simplification and restructuring.

Portugal has become the latest European government to back its largest airline after increasing its existing stake in TAP Air Portugal from 50% to 72.5%.

On July 2, 60 passengers representing different demographics arrived at Taipei Songshan International Airport (TSA) for a flight that never departed.

The air transport industry welcomed a change in calculating emissions offsets; environmental campaigners are not convinced.