Etihad Airways, which owns 21% of Virgin Australia, has said it was unable to provide further funding to prevent the airline’s entry into administration but remains open to discussions on a possible relaunch.
Welcome to Routes’ weekly look at how Europe's aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Boeing is reorganizing top managers and their duties, the company said late April 21, in what is the first headquarters overhaul under relatively new CEO and president David Calhoun.
Aerospace composite provider Hexcel on April 20 scrapped its guidance for 2020 with its financial outlook marred by declining production rates at OEM customers making large commercial aircraft (LCA).
Airbus’ A321XLR long-range, single-aisle program is gathering momentum as the first examples of some specific components are being produced, suppliers are being chosen and detailed design activities are proceeding, according to the airframer.
The U.S. Treasury Department has disbursed an initial round of financial aid to passenger airlines worth $2.9 billion, as a deal was finalized with six large carriers over terms related to payroll assistance under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Air Canada will suspend its limited transborder flying on April 26, citing the extension of coronavirus-related joint travel restrictions put in place by Canada and the U.S., and reduced demand for repatriating Canadians.
