Airbus CEO Guillaume Faury said he expects aircraft production and deliveries will be back in line by the end of 2021, meaning the manufacturer will produce more aircraft than it can deliver until then.
Lufthansa Group said June 29 that it is seeing increased demand for short-term and long-term bookings and has therefore taken the decision to return another 200 aircraft to service between now and the end of October.
Australian carrier Regional Express Holdings (Rex) is a rare example of an airline looking to make new fleet moves to take advantage of market opportunities despite the COVID-19 crisis.
Airlines for America (A4A) has pledged its member carriers will refund tickets paid by customers who fail pre-boarding temperature checks—on the condition they are conducted by federal authorities.
Trade unions representing South African Airways (SAA) employees have expressed relief at the adjournment of a vote on whether to accept a rescue plan for the troubled carrier.
Hit by anti-government protests in June 2019 and COVID-19 disruptions, the Hong Kong Airport Authority (HKAA) saw net profits for Hong Kong International Airport (HKG) fall to HK$5.8 billion ($756 million), a 30% year-on-year decline for fiscal 2019, which ended March 31.
Six unions representing a large cross-section of the U.S. airline industry have urged federal lawmakers to extend CARES Act payroll support until March 31, 2021, warning mass layoffs will be “inevitable” unless additional funds are forthcoming.
SALZBURG, Austria—Ryanair Group subsidiary Laudamotion has lost €300 million ($339 million) in the two years since its March 2018 launch, the group’s CEO Michael O’Leary said.
Mexico’s government has not yet heeded calls from the country’s airlines that they need financial support to weather the COVID-19 crisis, and its only full-service carrier Aeromexico has had to formally state it will not seek Chapter 11 bankruptcy protection.
The selection of Bain Capital as the successful bidder for Virgin Australia means the airline will survive in a smaller form and will broadly follow the strategic blueprint developed by the current management team.
Dutch carrier KLM has secured a total of €3.4 billion ($3.8 billion) in government support through a state-guaranteed loan and a direct loan to help it withstand the COVID-19 crisis, adding to the €7 billion France has granted to sister airline Air France.
