UK leisure carrier Jet2 and Irish LCC Ryanair are both planning to draw down funds under the Bank of England’s COVID Corporate Financing Facility (CCFF), which is set to close March 22.
The House of Commons transport committee has urged the UK government to release its travel restart plan on April 12 and to allow international travel to resume from May 17.
China’s civil aviation regulator has suspended Donghai Airlines from applying for new routes, flights and capacity as punishment for an inflight scuffle between a pilot and a crewmember.
Australia and Singapore are holding discussions on an air travel bubble that would allow quarantine-free travel for residents between the countries from July.
The upheaval caused by the COVID-19 pandemic and subsequent ongoing logistics effort to distribute vaccines has seen the air cargo sector turned upside down.
Vietnam’s Bamboo Airways reported a pre-tax profit of VND400 billion ($17 million) for 2020 despite the air transport industry being thrown into crisis.
Lessor BOC Aviation says it is in good shape for the coming financial year, in another sign of the strengthened position of the leasing industry amid the coronavirus pandemic.
African airlines are expected to take a $6-13 billion revenue hit in 2020, while encumbered with heavy debts and high operating costs, triggering an appeal for $35 billion in financial support.
IATA is warning that Latin America is at risk for a delayed recovery from the coronavirus crisis as large portions of the region maintain quarantines and other travel restrictions.
U.S. federal lawmakers are sending airlines another $14 billion to prop up payrolls until Sept. 30, which they hope will see the industry through to recovery.
ULCC Norwegian Air Shuttle has sent details of its planned financial reconstruction to its creditors and shareholders, ahead of several hearings in the Irish and Norwegian courts that will determine its future in the coming weeks.
Breeze Airways, the startup which wants to serve routes it says have been “abandoned” by larger carriers, has been approved by the U.S. Transportation Department (DOT) to begin operations.
Air France has begun a month-long test of a smartphone app that carries secure records of passengers’ COVID-19 test results on flights from Paris to Guadeloupe and Martinique.
The U.S. Transportation Department (DOT) has received an application from Milan-based airline Neos for exemption authority and an amended foreign air carrier permit.
Lufthansa Cargo (LHC) CEO Dorothea von Boxberg has said COVID-19 vaccine volumes will not have as much of an impact on the air cargo market as the industry once believed.
Norwegian domestic airline Widerøe has partnered with Rolls-Royce and Italy’s Tecnam to become the potential launch operator of the P-Volt electric-powered passenger aircraft.
Icelandair Group has agreed a sale-and-leaseback deal with Titan Aircraft Investment that will see two of the flag-carrier’s Boeing 767-300ER aircraft converted into freighters.
The provincial government of Hainan has proposed a series of fee rebates and subsidies for air cargo routes to the Chinese island, some offering more than CNY150,000 ($23,000) for a return trip.
