Coronavirus

Estonia’s Nordic Aviation Group (Nordica) has signed a letter of intent (LOI) with Polish flag-carrier LOT to buy out the latter’s 49% holding in Nordica subsidiary Xfly.

Pilots at Delta Air Lines have approved an agreement to avoid furloughs of more than 1,700 pilots scheduled for the end of November.

Air cargo volume is set to grow by just over 13% in 2021, about twice the pace at which world trade was expected to expand, the International Air Transport Association predicts.

AIRPORTS COUNCIL INTERNATIONAL (ACI) WORLD and ROUTES (Aviation Week Network) formed exclusive partnership to provide platforms and guidance to

SINGAPORE AIRLINES raised S$500m via private placement of new 10-year bonds; offer was launched at S$300m in response to an initial expression of

SARSYS-ASFT was approved by NAVBLUE to resell its RunwaySense runway condition reporting data via MIDAS visualization platform for airport operators.

LOS ANGELES INTERNATIONAL AIRPORT handled 2.09m pax in October, down 71% vs October 2019 (traffic is down 77% for year); cargo fell 17%.

MESA AIR GROUP finalized new contract with American to operate 40 CRJ900s in 2021-2025, replacing previous contract that covered 30 CRJ900s to expire

Qantas and low-cost subsidiary Jetstar are planning to ramp up their flying in December in response to the easing of state border restrictions in Australia.

Ryanair Group CEO Michael O’Leary expects passenger volumes to reach 70% of pre-COVID levels in 2021, especially if vaccines can be made widely available by the spring.

Pilot training and simulator leader CAE of Canada is buying the Canadian-based assets of TRU Simulation + Training from Textron for $40 million in cash, the companies announced Nov. 25.

IATA has called for more support from European governments for their airlines, including a further extension to a slot waiver.

Athens-based Aegean Airlines will operate less than 20% of last year’s capacity over the 2020/21 winter season.

Philippine Airlines (PAL) is the latest airline to seek to restructure its debts and aircraft leases as it looks to survive the COVID-19 crisis.

IATA believes that the Asia-Pacific region could lead on its initiatives to revive air traffic and is calling on governments to implement them as the airline body continues to hold multilateral talks.

All regions face an uphill climb from the COVID-19 crisis, but the starting point for African carriers is much further down the mountain.

Ask the Editors: Recovery is expected to take some time, as for other regions that depend on significant international flying.

Goals of conserving cash and capitalizing on downtime trigger various approaches during pandemic’s demand crisis.

Arab Air Carriers Organization (AACO) secretary general Abdul Wahab Teffaha speaks to ATW Europe and Middle East correspondent Alan Dron about how his members are managing amid the pandemic as well as the prospects for the increasing number of LCCs in the region.

After shrinking precipitously, the MRO aftermarket demand post-pandemic totals to $878 billion over the next 10 years, growing at a 3.6% CAGR after factoring in fleet and utilization impacts from the COVID-19 pandemic.

AEGEAN AIRLINES, Greece had €28.3m net loss in 3Q20 (vs €90.2m net profit in 3Q19) on 70% lower revenues. It took delivery of its second GTF-powered

AIRASIA GROUP had RM1.2b net loss in 2Q20 (vs RM2m profit in 2Q19) on 86% lower revenues. It says during quarter it disposed of spare engines to

GENESIS PARK ACQUISITION completed $150m IPO (Jefferies as sole bookrunner) to launch special purpose company to deploy capital into the aerospace

The recent good news on COVID-19 vaccines means a big logistics operation ahead for cargo operators.

IATA estimates commercial airlines will take delivery of ~800 new aircraft in 2020, down about 50% from original projections; airlines are currently