The U.S. Treasury Department wants airlines to repay close to a third of the value of payroll assistance received under the Coronavirus Aid, Recovery, and Economic Security (CARES) Act—and carriers are not happy about it.
Malaysia LCC AirAsia is asking passengers to opt for credited tickets as it struggles with a massive backlog of ticket refunds as well as a disruption in cashflow.
Aerospace supplier Woodward is cutting the equivalent of 15% of its full-time workforce through the year as the COVID-19 pandemic’s effects ripple through the aerospace supply chain, the company quietly disclosed April 10.
In English, people sometimes say one should never let a good crisis go to waste—meaning that amid emergencies things can be achieved that could not be done before.
Korean Air plans to reinstate some previously suspended domestic flights in May, a sign that domestic demand is beginning to recover from the COVID-19 crisis in South Korea.
Japan’s major airlines are continuing to shrink their international networks as they increase capacity cuts through late April and plan larger reductions extending into May.
Supplier Triumph Group late April 10 announced furloughs for around 2,300 employees across its plants in the U.S. and Europe for two-four weeks to cut work along with the current suspension of all Boeing Commercial Aircraft programs, and the company is laying off up to 700 more workers.
Gulf Air and EL AL Airlines are set to embark on a historic collaboration following the signing of an MOU during an official visit from Bahrain to Israel.
South African Airways (SAA), has collaborated with the Government of Canada through the High Commission of Canada in South Africa, to assist Canadians who were stranded in South Africa to return home, after the lockdown was implemented in response to the outbreak of the coronavirus, which resulted in travel restrictions.
Ireland-based ULCC Ryanair has warned that it cannot rule out “extended layoffs and/or job losses” after May 31, given the continuing uncertainty on when airline operations will resume once the COVID-19 pandemic ebbs.
Signs of the global pandemic caused by the novel coronavirus are clearly visible in satellite data that show a 30% drop in air pollution over the Northeast U.S. as residents bunker down to avoid contagion, NASA said.
Hanover, Germany-based TUI Group announced April 8 it has signed the contract with German state development bank KfW for a bridge loan of €1.8 billion ($1.96 billion) to cushion the effects of the COVID-19 pandemic until normal business operations can resume.
Hawaiian Airlines and Frontier Airlines became the latest U.S. carriers to seek relief from minimum service requirements included in the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, as smaller airlines and ULCCs struggle to continue flying to destinations where demand remains badly depressed by the COVID-19 crisis.
Brazil’s largest domestic airline GOL plans to operate its current, significantly smaller domestic network until early May as 120 of its aircraft are now idled by the COVID-19 crisis.
