Although Chinese airlines have reported huge losses for 2020, they are still in a stronger position than most others in Asia, thanks to a massive domestic market that has regained its recovery momentum in the past few months.
The recovery of air traffic in India is going backward as the country experiences a second wave of coronavirus cases that is proving more rampant than its first outbreak in 2020.
Groups representing smaller and low-cost carriers say federal lawmakers would be wise to lay off any potentially costly rules—at least for the time being—to allow airlines a fighting chance to get back to their pre-pandemic financial status.
As some major airlines from Latin America and Caribbean are now operating under Chapter 11 bankruptcy protection, several airports in the region risk losing connectivity as carriers remove unprofitable routes.
Virgin Atlantic should be flying its full fleet again by October or November, according to its CEO, who predicted yields would start to stabilize from the start of 2022.
Emirates Group is entering into talks with the government of Dubai about further financing options to shore up liquidity in case the recovery of air travel continues to be much slower than expected.
Austrian aerospace supplier FACC has developed an antimicrobial surface coating for aircraft cabins that it hopes will boost its position in aftermarket services.
The Australian Federal Court ordered Garuda Indonesia to pay a fine of A$19 million ($14.7 million) to Australia after dropping its appeal for a price-fixing case.
It is “highly unlikely” that NASA will return to the Moon’s surface with human explorers in 2024 due to technical, budget and workplace constraints linked to the COVID-19 pandemic, the agency’s inspector general says.
Spanish regional carrier Air Nostrum has been forced to ask for loans from a fund managed by state holding company SEPI, requesting €103 million ($124 million) which the company plans to repay in seven years.
