Norway plans to extend its aviation loan guarantee scheme by four months and relax some of the original requirements as the impact of COVID-19 has proven “more protracted and serious” than originally anticipated.
FRANKFURT—Lufthansa’s board of directors has approved a compromise reached by the European Commission and the German government that clears the way for the airline to receive a €9 billion ($9.9 billion) bailout and fend off an insolvency filing.
As an increasing number of domestic air travel markets reopen in the Asia-Pacific region, some countries are also starting to lay the groundwork for the more complex process of resuming international flights.
BEIJING—China is financially backing cargo-haulage by passenger aircraft, adding to measures to support air freight operations during the coronavirus pandemic.
Ukraine International Airlines (UIA) expects to restart passenger operations June 15, assuming anticipated relaxations on entry and exit restrictions for both Ukrainian and foreign nationals by that date, the flag-carrier said May 28.
One of the unions representing British Airways (BA) staff has accused the flag-carrier of seeking to effectively terminate all of its personnel’s contracts and rehire them on lower salaries.
As the airline industry reshapes itself in response to the novel coronavirus pandemic, carriers will need less-restrictive fare options to help convince passengers that they can buy and have some recourse if they cannot fly because of illnesses, JetBlue CEO Robin Hayes said.
Ask the Editors: Several new turboprops have been proposed in Asia, and there might be modification programs for existing designs in the U.S. and Europe.
Aerospace and defense firm Cobham has snapped up the defense business of British composite manufacturer Tods Aerospace after it was placed into administration.
