The association that represents U.S. aviation repair stations has asked the Trump administration and Congress for $11 billion to help offset an anticipated slowdown in aftermarket work as airlines ground aircraft and wait out the COVID-19 coronavirus crisis.
Chinese authorities will not allow any international flights to arrive directly in Beijing beginning Mar. 18, the Civil Aviation Administration of China (CAAC) has told airlines.
Cash-strapped African LCC fastjet has reached creditor agreements, paving the way for continued operations to the end of June and extending its previous guidance by three months.
Irish ultra-LCC Ryanair is cash rich and has many assets other airlines lack to see it through the industry’s multiple crises. But like Southwest Airlines, Ryanair is an all-Boeing 737 operator, so the MAX grounding has been a particular blow to growth and financials.
Boeing called for the U.S. government to provide a minimum of $60 billion in aid to the aerospace manufacturing community in response to the COVID-19 coronavirus crisis that has cratered air travel and could trigger a worldwide recession.
The European Commission (EC) has sent member states a draft of proposed changes to state aid rules give them more flexibility to support companies hit by the COVID-19 pandemic, as airline and airport groups called for more support.
South America’s largest commercial airlines suspended nearly all international flying and slashed domestic capacity, as the financial fall-out from the COVID-19 crisis reverberates across all corners of the global airline industry.
The British airline industry has broadly welcomed government plans to make £330 billion ($405 billion) worth of funding available to get business through the COVID-19 pandemic.
Southwest Airlines announced plans to trim capacity by 20% in April and May, citing a “dramatic decline” in net bookings caused by the COVID-19 pandemic and ensuing government travel restrictions.
Aviation regulators and governments must exempt cargo airline flight deck personnel from increasingly tight travel restrictions if vital supplies are not to dry up in the global health crisis, IATA and the European Regions Airline Association (ERA) contend.
Industry insiders and analysts are increasingly forecasting a 20% or greater falloff in commercial aftermarket revenue this year for manufacturers and other aerospace and defense companies with stakes in the business due to the COVID-19 coronavirus crisis and the collapse in Western air travel.
