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.
All Nippon Airways (ANA) Holdings has significantly cut its estimated profit for its fiscal year that ended March 31, attributable to a decrease in revenue linked to the COVID-19 pandemic.
Icelandair Group is to issue new shares and press ahead with union and supplier negotiations as part of its financial restructuring triggered by the COVID-19 outbreak.
Emirates' latest COVID-19 safety measures give a shocking glimpse of what post-lockdown travel could look like, with ground and cabin crew wearing full protective clothing and a ban on large items of hand luggage.
The Securities Investors Association (Singapore) (SIAS) has submitted a list of queries to the board of Singapore Airlines (SIA) prior to the carrier’s emergency general meeting (EGM) on the S$15 billion ($10.5 billion) cash call proposal to raise funds for the airline amid the COVID-19 crisis.
Taiwan’s China Airlines has come to an agreement with its union to begin salary cuts for all employees starting from May 1 as its interim Q1 figures show revenue dipping amid the COVID-19 crisis.
As airlines and airports around the world respond to the challenges created by the COVID-19 pandemic, Routes looks at the current state of the global aviation market.
Welcome to Routes’ weekly look at how the Middle East and African aviation markets are responding to the COVID-19 pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
The International Air Transport Association (IATA) called for governments to work with the industry on confidence-boosting measures in the face of an anticipated slow recovery in demand for air travel.
The European Commission has approved a Danish state guarantee of up to €137 million ($149 million) for Scandinavian Airlines (SAS), ruling that the funding is in line with EU state-aid rules.
Virgin Australia has entered voluntary administration and the airline’s management is proposing to keep as much of the airline intact as possible when it reemerges under a new ownership structure.
Practically everyone in commercial aerospace is scrambling to figure out how deep, and how long, COVID-19 will affect industry. Two longtime aerospace experts from consultancy Roland Berger, Manfred Hader and Robert Thomson, join Aviation Week senior business editor Michael Bruno on Check 6 to discuss what may occur.
