The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap.
Atlas Air Worldwide and UPS are participating in a White House-led airlift to deliver critical medical supplies from other countries to the U.S. as cargo airlines ramped up their response to the COVID-19 pandemic.
Icelandair Group has appointed three financial advisors to strengthen the company’s long-term capital, after the COVID-19 pandemic forced the airline to cut its flight schedule to just 10% of normal operations.
IATA’s latest Airline Safety Report shows commercial aviation accidents fell to 53 in 2019, compared with 62 in the prior year, equating to 1.13 accidents per million flights.
Howmet Aerospace, formerly the aviation and defense-focused assets under the Arconic brand, said April 6 it will work to save about $100 million in costs as its OEM customers halt production of large commercial aircraft due to COVID-19 fallout.
Lufthansa decided April 7 to make deep cuts to its future fleet, repositioning it to becoming an airline around 20% smaller than before the coronavirus pandemic crisis.
Alaska Airlines plans to maintain flights to all points it currently serves in Alaska as well as bringing forward the launch of seasonal routes to Dillingham (DLG) and King Salmon (AKN) after the demise of RavnAir Alaska.
The government of Latvia has tentatively approved a €36.1 million ($39 million) treasury loan for Riga-based airBaltic and could make further funds available if the COVID-19 crisis continues.
Israel’s Ministry of Finance has rejected El Al Israeli Airlines’ request for a $350 million state loan to sustain it through the COVID-19 global crisis.
The U.S. Treasury Department’s updated guidance on aviation-specific loans available via the $2 trillion stimulus package indicated that applications will start being accepted soon but leaves several large questions about the $46 billion program unanswered.
Turkish Airlines has canceled all remaining domestic flights, which means the carrier has no scheduled passenger flights until April 20, according to CEO Bilal Eksi.
Eurocontrol’s member states have agreed to let airlines defer the payment of up to €1.1 billion ($1.2 billion) in air traffic control (ATC) fees in the coming months.
IATA plans to hold a series of regional meetings with governments and other stakeholders to determine under what conditions air traffic can be resumed once the coronavirus crisis is under better control.
The Civil Aviation Authority of Thailand (CAAT) has extended the temporary ban on all international flights to the country from April 6 to April 18 as part of efforts to curb the spread of the coronavirus.
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.
