Boeing is offering a voluntary layoff plan in the wake of the COVID-19 crisis and acknowledged its product portfolio may change—and likely decrease—as the coronavirus pandemic drives a historic halt across aerospace and aviation.
After two consecutive lossmaking years, Garuda Indonesia achieved a profit of $6.5 million for 2019, reversing its $229 million loss a year prior; the airline did not provide an outlook for 2020.
The Turkish government has announced strict measures in an effort to curb the spread of the coronavirus in the country, banning all international flying from the end of March 27 until May 1.
Following IATA’s latest analysis of demand for passenger air transport based on traffic data for February 2020 when there was a 14% plunge in demand (compared with Feb 2019), as the COVID-19 and associated travel restrictions began to be introduced, African airlines saw a 1.1% drop in traffic versus a 5.6% traffic increase recorded in January and the weakest outcome since 2015.
The International Air Transport Association strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines as the latest IATA scenario for potential revenue loss by carriers in Africa and the Middle East reached US$23 billion (US$19 billion in the Middle East and US$4 billion in Africa).
The International Air Transport Association (IATA) has released February 2020 data for global air freight markets showing that demand, measured in cargo tonne kilometres (CTKs), decreased by 1.4% compared to the same period in 2019, yet African carriers posted the fastest growth of any region for the 12th consecutive month.
A trade group representing leisure airlines and ULCCs said the U.S. Government’s proposed “continuation of service” obligation for carriers receiving federal aid unfairly discriminates against airlines with seasonal demand profiles.
The FAA has released long-awaited policy on using video links and other “remote technology” to conduct inspections and help validate regulatory compliance, adding to a growing set of procedural changes meant to accommodate social distancing during the coronavirus pandemic.
The FAA on April 1 listed 21 air traffic control (ATC) facilities that have been affected by the COVID-19 coronavirus, one more than double the number the agency reported a week earlier.
The COVID-19 crisis shows that while it is good to have a globally diverse network, a strong domestic operation is a major advantage for carriers when a shock disrupts international traffic flows.
Some of the biggest names in UK aerospace have joined an industrial consortium with British Formula One motor racing teams to urgently manufacturer medical ventilators to treat patients suffering from COVID-19.
The European Commission (EC) has approved a French scheme allowing airlines to defer the payment of some taxes to help them weather the COVID-19 crisis by reducing pressure on their cash flows.
Lessor Dubai Aerospace Enterprise (DAE) has received 53 “rent deferral requests” from its customers, representing around 16% of the company’s annual revenue.
