Airlines & Lessors

Spanish LCC Volotea has agreed to a syndicated loan of €150 million ($176 million) to help meet its operational and financial needs following three months of “hibernation” caused by the COVID-19 pandemic.

Asia-Pacific carriers face a bleak second half of 2020 following a precipitous drop in international traffic in the second quarter, according to the region’s major airline industry group.

Commercial air travel numbers are not expected to return to 2019 levels until 2024 as the outlook for the pace of recovery becomes more pessimistic.

Chinese carriers OK Airways, Qingdao Airlines and Ruili Airlines have banded together to introduce an unlimited weekend travel pass that can be used across the three airlines.

The demand dip is triggering delivery slowdowns and orderbook shuffling, but top U.S. carriers remain committed to Boeing’s narrowbody.

Canadian airline Air Transat restarted commercial operations July 23, resuming a bare-bones schedule of six routes following a 112-day shutdown forced by the COVID-19 pandemic.

Etihad Airways plans to make possession of a negative COVID-19 certificate a compulsory part of passengers’ documentation when traveling to or from the company’s Abu Dhabi base.

Embattled African LCC fastjet is being forced to delist its shares as its funding troubles threaten to reach crisis point, and is facing a challenge over its stake in South African carrier FedAir.

Author Michelle Dean said, “Crisis forces commonality of purpose on one another.”

Ireland-based regional carrier Stobart Air has helped to backfill the gaping hole in Belfast City Airport’s schedules left by the collapse of Flybe.

ULCC Ryanair said it could not rule out further redundancies or pay cuts if the economic situation caused by the COVID-19 pandemic worsens this winter.

LONDON—A sudden upsurge in COVID-19 cases led the UK government to reimpose quarantine measures on travelers arriving from Spain, bringing fresh confusion to airlines and passengers.

Southwest Airlines will refrain from laying off workers or cutting pay rates and benefits through year end, despite persistently weak customer demand caused by the COVID-19 pandemic.

Regional aircraft lessor Nordic Aviation Capital (NAC) has used 236 aircraft as security for its $6 billion debt-restructuring program, which was approved by the Irish High Court July 21.

TAP Air Portugal plans to ramp up operations to almost 40% of its pre-COVID-19 levels in September.

International Airlines Group (IAG) is considering a €2.75 billion ($3.2 billion) rights issue to strengthen its finances as the coronavirus crisis continues.

The Belgian Federal Government and Lufthansa have negotiated an agreement that secures the near-term future of Brussels Airlines amid the COVID-19 pandemic.

LCC Norwegian Air Shuttle has changed its employment model for U.S., UK and Spanish pilots and cabin crew. Previously, the estimated 3,000 personnel

The disparate capacity strategies pursued by the three large U.S. network airlines are converging, reflecting a new consensus about the path of demand

Central European ULCC Wizz Air has called for an end to the slot-waiver stance being pursued by many airlines to preserve their positions at airports

LCC SpiceJet has been awarded designated-carrier status by the Indian government to serve the U.S. and the UK, a first step toward launching long-haul

Ask the Editors: Expanding preflight testing and contact tracing would boost passenger confidence in air travel safety.

The U.S. airline industry couldn’t survive another quarter like the 2020 second quarter (Q2).

Chinese airlines on July 23 achieved their highest level of activity since the COVID-19 pandemic began, according to the Civil Aviation Administration of China (CAAC).

Alaska Air Group admits its goal to join oneworld by year-end is aggressive, but the company is eager to cement its place in the alliance as well as its partnership with American Airlines.