Updated Boeing commercial airliner figures for 2020 through March reveal dramatic order cancellations and reduced deliveries as the air transport market continues to nosedive in the wake of the coronavirus pandemic.
Kazakhstan airlines have lost KZT235 billion ($549 million) as a result of the COVID-19 pandemic so far, the country’s Ministry of Industry and Infrastructural Development said April 13.
PARIS—Air France-KLM is reportedly hoping to negotiate state-backed loans worth €10 billion ($11 billion) to help it survive the COVID-19 crisis that has cut its activity by around 90%.
Mitsubishi Aircraft is maintaining flight testing of a SpaceJet prototype at its Nagoya, Japan headquarters as pandemic-control measures prevent activity at its U.S. test base.
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.
Encumbered by a poor fourth quarter, independent Chinese carrier Juneyao Airlines saw its 2019 total net profit slide 19.3% year-on-year (YOY) to CNY994.5 million ($142.3 million).
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.
