Airbus has to prepare for a massive, multi-year downturn that will see it get back to previous production volumes only after 2027, analysts at Agency Partners forecast.
Malaysia Airlines Berhad CEO Izham Ismail has said the hasty and unilateral decision to enforce a nationwide lockdown of Malaysia resulted in severe disruption to the flag carrier’s operations.
Following increased government travel restrictions and a massive drop in demand related to the COVID-19 coronavirus outbreak, Brussels Airlines, Latvian flag carrier Air Baltic and Italian regional carrier Air Dolomiti have all decided to temporarily suspend operations.
Brian Pearce, chief economist at IATA, has explained during a media briefing on COVID-19 the current situation that the global air transport industry finds itself in.
South Africa’s Air Traffic and Navigation Services (ATNS) has said it will be working with the government to support national aviation plans for handling public health emergencies.
Cabo Verde Airlines has announced in view of Covid-19 and taking into account the action of the Government of Cabo Verde to close the country´s borders, it will suspend all its transport activities from 18-03-2020 and for a period of at least 30 days.
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.
