Virgin Group founder Richard Branson has rejected media reports that he plans to sell UK long-haul carrier Virgin Atlantic, but the search for further investment continues.
The Dutch government plans to provide €2-4 billion ($2.2-4.4 billion) in COVID-19 crisis-related financial assistance to KLM, following on France’s pledged €7 billion to help Air France and the Air France-KLM group.
Norwegian Air Shuttle said it expects to remain grounded until April 2021 as it set out a debt-for-equity conversion plan to avoid running out of cash by mid-May.
Welcome to Routes’ look at how the North American aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Wizz Air will restart operations from its Vienna base May 1 and is emerging from the crisis as a “structural winner,” according to the Central and Eastern European ULCC’s deputy CEO.
New LCC Air Arabia Abu Dhabi (AAAD), received its Air Operating Certificate (AOC) from the UAE’s General Civil Aviation Authority (GCAA) April 23, allowing it to start operating from the UAE capital.
Mexico City-based ULCC Volaris will cut capacity by 90% in May, as it braces for the COVID-19 pandemic to peak across Latin America in the coming weeks.
The French state will grant Air France-KLM a total of €7 billion ($7.6 billion) in loans to help it weather the COVID-19 crisis, and longer-term may consider increasing its stake, the Franco-Dutch airline group said April 24.
Aeromexico plans to slash its capacity by 80% in the 2020 second quarter (Q2) while working to convince Mexico’s government of the country’s airlines’ need for financial aid as credit markets tighten during the COVID-19 pandemic.
A few weeks ago, Aviation Week spoke with Airbus chief commercial officer Christian Scherer about the role of lessors. Scherer was still full of praise.
Alitalia will relaunch in June with a reduced fleet of around 90 aircraft, Italy’s economic development minister Stefano Patuanelli told a parliamentary hearing April 23.
Garuda Indonesia saw first quarter (Q1) 2020 revenue drop by 33% year-on-and year—and sharper declines are yet to come in April as COVID-19 restrictions within Indonesia tighten.
Air New Zealand is axing two of its long-haul routes and shelving plans for another as it becomes apparent that much of its widebody fleet will be parked well into next year.
With no end to the COVID-19 crisis in sight, Singapore Airlines (SIA) is flying four of its Airbus A380 and two of LCC subsidiary Scoot’s A320ceo to the Asia Pacific Aircraft Storage (APAS) facility in Alice Springs, Australia for long-term parking.
Welcome to Routes’ look at how the Latin America aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Indonesian authorities have prohibited domestic air travel from April 24 to June 1, representing a major change for a market that has so far been less affected by coronavirus-related flight suspensions than many other countries.
Southwest Airlines chairman and CEO Gary Kelly pledged the company would “exhaust all other efforts” before shrinking its workforce but cautioned such reductions may eventually be needed amid the extensive downturn caused by the COVID-19 pandemic.
Air France-KLM’s CEO Ben Smith said he would forego his 2020 bonus and promised to speed up restructuring as the airline group moved closer to securing a multi-billion-euro state-guaranteed loan from France.
