Oneworld member Finnair and Star Alliance connecting partner Juneyao Air are looking to establish a joint venture (JV) between their two main hubs—Helsinki and Shanghai—strengthening their existing partnership.
Lufthansa and Turkish Airlines joint-venture airline SunExpress will switch 18 of its Boeing 737-800 passenger aircraft to freight operations while passenger flights remain suspended because of the COVID-19 pandemic.
Central and Eastern European LCC Wizz Air has announced 1,000 job redundancies and pay cuts that will last until March 2021, in preparation for the wider financial impact of COVID-19.
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).
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.
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.
Ireland-based ULCC Ryanair has warned that it cannot rule out “extended layoffs and/or job losses” after May 31, given the continuing uncertainty on when airline operations will resume once the COVID-19 pandemic ebbs.
Hanover, Germany-based TUI Group announced April 8 it has signed the contract with German state development bank KfW for a bridge loan of €1.8 billion ($1.96 billion) to cushion the effects of the COVID-19 pandemic until normal business operations can resume.
Hawaiian Airlines and Frontier Airlines became the latest U.S. carriers to seek relief from minimum service requirements included in the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, as smaller airlines and ULCCs struggle to continue flying to destinations where demand remains badly depressed by the COVID-19 crisis.
Brazil’s largest domestic airline GOL plans to operate its current, significantly smaller domestic network until early May as 120 of its aircraft are now idled by the COVID-19 crisis.
