UK-based Virgin Atlantic said July 1 that it was continuing to work on “a comprehensive, solvent recapitalization of the airline” to ensure it could continue to provide “essential connectivity and competition” for consumers and businesses.
LONDON—UK ULCC easyJet plans to make more than 700 pilots redundant and close three of its British bases as it downsizes in the face of the novel coronavirus crisis.
Dubai Aerospace Enterprise (DAE) has granted lease-payment deferrals to a further four customers and is evaluating another 28 requests, taking the total number of approaches to at least 58.
Ryanair has resumed operating over 1,000 daily flights across Europe, about 40% of its normal July capacity, as it returned to flying July 1 following the COVID-19 crisis.
Scandinavian Airlines (SAS) has secured a SEK14.25 billion ($1.5 billion) recapitalization led by the Danish and Swedish governments along with third-largest shareholder the Knut and Alice Wallenberg Foundation.
As the airline industry quickly puts into place increased health and hygiene protocols to boost passenger confidence, cabin interior manufacturers are innovating designs to give added protection to COVID-19-wary travelers.
Icelandair Group is still locked in financial restructuring talks with lessors, a credit card acquirer and Boeing, further-delaying its time line toward a share offering and government-backed loan.
Inclusion of the U.S. in the latest EU travel ban may make sense from a public health standpoint, but it’s bad news for airlines taking their first steps to recovery on both sides of the Atlantic.
In an effort to adapt to declining demand for its commercial aircraft amid the COVID-19 pandemic, Airbus is expediting decisions to cut 15,000 positions—around 11% of its entire workforce and the deepest restructuring the company has ever endeavored.
Air Canada will suspend 30 domestic regional routes and close eight stations as it continues to reshape its network to meet reduced demand during the COVID-19 pandemic.
European Union member states have set out a list of countries from which they will gradually lift COVID-19 restrictions on non-essential travel, including Australia, Canada, South Korea and China—as long as it reciprocates—but excluding the U.S.
The UK government appears to be on the point of amending its roundly-criticized requirement that most arriving air travelers must self-quarantine for 14 days.
