United Airlines became the latest U.S. carrier to substantially ramp-up its domestic capacity in July, reflecting growing optimism about a summertime rebound in leisure travel demand.
Bombardier Aviation plans to lay off 2,500 employees, primarily at its Canadian manufacturing facilities, throughout 2020 as it adjusts to lower business jet deliveries caused by challenges from COVID-19, the company said June 5.
International Airlines Group (IAG) is considering a legal challenge to UK government plans to impose a 14-day quarantine on international arrivals as part of efforts to fight COVID-19, CEO Willie Walsh has said.
Most airlines canceled nearly all of their international flights following the outbreak of the coronavirus and have lost an enormous amount of revenue over the last few months.
Southeast Asia’s largest LCC AirAsia Group is reportedly looking to sell 10% of its equity to South Korea’s SK Group to raise funds as the ongoing COVID-19 crisis impacts cashflow.
Aviation trade groups are asking the FAA to extend the date for several exemptions or extensions for pilot medical certifications, training proficiency and other requirements contained in Special Federal Aviation Regulation 118. Most extensions, effective in April, expire June 30.
Aircraft utilization at Flexjet has doubled in the past three weeks, while leads from potential clients are “off the charts,” as the fractional provider operates during the novel coronavirus pandemic, Flexjet CEO Mike Silvestro said on a Jefferies Equity Research webinar June 2.
Lufthansa subsidiaries Austrian Airlines and SWISS International Air Lines (SWISS) have both suffered substantial losses for the 2020 first quarter (Q1) following the outbreak of COVID-19.
Wizz Air reported an underlying net profit of €344.8 million ($385 million) for its fiscal 2020 which ended March 31, slightly behind its forecast of €350-355 million.