Air Transport

Since the passage of the CARES Act in late March, labor unions have fretted over the possibility of a mass wave of layoffs as soon as the law’s ban on involuntary payroll reductions expires Oct. 1.

UK firm European Aviation plans to convert “up to 10” Airbus A340-600s to freighters as the shortage of bellyhold cargo capacity in passenger aircraft prevails.

African countries are beginning to reopen their borders and allow airlines to resume flights, but carriers like Air Namibia, fastjet and South African Airways (SAA) are still facing stiff headwinds.

LONDON—Ireland-based ULCC Ryanair and cabin crew union Unite have agreed to temporary salary reductions in return for retaining jobs among the airline’s UK personnel.

European states are sowing confusion among travelers by failing to take a uniform approach to easing restrictions on pandemic-related air transport bans, warned representatives of the continent’s airlines and airports.

Hawaiian Airlines is preparing to return most of its Airbus A321neo fleet to active service as the carrier ramps up flights between Hawaii and the U.S. mainland.

UNITED purchased another ex-Southwest 737-700 (32657) from GECAS as part of overall deal for 19 (SPNWS; July 19, 2019).

GOL ended 1H20 with total liquidity of R$3.3b, which represents >12 months of cash reserves (excluding refunds and restricted cash). It estimates it

FTAI AVIATION (Fortress) purchased three 747-400s (26875/26877/26880) with PW4056s, plus two spare engines, from Corsair in deal arranged by Air

LATAM AIRLINES GROUP formalized second tranche of US$1.3b in DIP financing committed by Oaktree Capital Management and its affiliates.

AIR LEASE CORPORATION delivered only one aircraft (A320neo) from its orderbook in 2Q20 vs 16 in 2Q19, and ended quarer with owned/managed/committed

UNITED AIRLINES is planning on cutting its US-based workforce by up to 36,000 employees during 4Q20. It expects year-over-year capacity to be down 75%

The total number of scheduled seats offered by airlines around the world is on course to break the 50 million barrier next week—the first time the figure will have been achieved in more than three months.

Finnair has raised €512 million ($578 million) through the issue of new shares, generating around €501 million in net proceeds after costs.

Airbus saw a substantial recovery of deliveries in June compared to May, but the level is still well below pre-crisis and current production rates.

ATIF HOLDINGS, BVI acquired 101,367 shares (6.6%) of AEROCENTURY, CA for <$250,000.

RYANAIR announced its UK cabin crew accepted 4-year agreement on pay reductions of 5-10% and productivity improvements.

PROS was selected by Malaysia Airlines to provide its Revenue Management Advantage solution that provides demand forecasting to optimize strategy.

HI FLY removed economy class seats on an A380-800 to carry up to 60 tonnes or 300 cu meters of additional cargo per flight.

GLOBAL CROSSING AIRLINES signed airport and terminal use agreement with ATLANTIC CITY INTERNATIONAL AIRPORT.

Aero-engine manufacturer Rolls-Royce has taken a £3 billion ($3.8 billion) hit to its finances as a result of the novel coronavirus pandemic.

Etihad Airways introducing COVID-19 global wellness insurance cover as part of Etihad Wellness, the airlines new health and hygiene programme.

Wizz Air Abu Dhabi has received its first new state-of-the-art Airbus A321neo aircraft at Abu Dhabi International Airport.

AirAsia has highlighted its efforts to raise new funds and cut costs as it seeks to reassure investors following an auditor’s report that questioned the carrier’s financial viability.

International Airlines Group’s (IAG) long-haul LCC LEVEL France will cease operations and start consultations with staff representatives on July 15, just weeks after sister short-haul carrier LEVEL Europe announced insolvency June 19.