The Malaysian Aviation Commission (MAVCOM) is urging aviation stakeholders to only seek financial help from Malaysia’s government “as a last resort” with fiscal resources stretched amid the COVID-19 crisis.
Swedish domestic carrier Braathens Regional Airlines (BRA) has suspended flights and filed for court reorganization—roughly the equivalent of administration—after a collapse in demand following the COVID-19 outbreak.
In one of its latest COVID-19-related updates IATA estimated that the airline industry will reduce its second quarter investment spending from $17 billion planned in pre-crisis days to essentially zero.
Aviation industry labor unions called on the U.S. government to enforce medical guidelines to contain the spread of the novel coronavirus that causes COVID-19, saying their members risk ongoing exposure to infection despite a dramatic decline in air travel.
Air France-KLM is reportedly in talks with the French and Netherlands governments over a state-backed loan of up to €6 billion ($6.48 billion) to help the airline group weather the COVID-19 crisis.
EasyJet founder Stelios Haji-Ioannou is now calling for the removal of two directors—easyjet CFO Andrew Findlay and non-executive director Andreas Bierwirth—a retaliatory measure after his request for an extraordinary general meeting (EGM) was denied.
Airbus decided April 6 to suspend production and aircraft at some of its facilities, most importantly the A220 and A320 final assembly line in Mobile, Alabama.
U.S. carriers drastically cut back on flying to the New York City area over the weekend, as the country’s worst outbreak of COVID-19 is expected to peak there in the coming weeks.
RavnAir Alaska, a regional carrier providing connectivity throughout the state of Alaska with a fleet of 72 aircraft, has entered Chapter 11 bankruptcy protection and shut down with immediate effect.
Key aerospace and defense suppliers Woodward and Hexcel have called off their planned merger due to the novel coronavirus outbreak, ending a three-month saga that always baffled many industry insiders and has since been overtaken by survival necessities.
