Two new airline projects are in the making in South Africa, including Lift, which is backed by Kulula founder and former Comair joint CEO Gidon Novick.
European airlines’ capacity plans were already indicating that traffic levels would fall further in the coming weeks. As lockdown after lockdown begins, the mood within the industry is gloomier still.
Reflecting the rapid rise of COVID-19 infection rates in some key markets, IATA’s latest figures show how the recovery of air passenger traffic stalled in September as cargo continued to trend upwards.
Private equity investor AE Industrial Partners is forming Pangiam, a new portfolio company to provide biometric and other travel security systems to the commercial aviation sector led by a former U.S. Customs & Border Protection chief.
Malindo Air, the Malaysian offshoot of Indonesia’s Lion Air, has begun a retrenchment program that will affect 2,647 staff, prompting action from the government to assist affected staff.
The Dutch government has given the go-ahead for a €3.4 billion ($4 billion) bailout to help KLM weather the COVID-19 crisis after a pilots union agreed to conditions set by the government, removing a last-minute obstacle to the funding.
Spirit AeroSystems, freshly infused with former Bombardier aerostructure assets that serve Airbus narrowbodies and the aftermarket, will look to squeeze cost out of its newly inherited and enlarged supply chain, executives said Nov. 3 while releasing third-quarter results.
Pilot groups believe several elements of new Boeing 737 MAX training should be expanded and required more frequently than the FAA proposes so pilots remain familiar with certain non-normal procedures and how a key flight-control function works.
