Delta Air Lines is looking to Wall Street for $3 billion in additional financing, in an attempt to bolster its cash reserves while revenues remain badly depressed by the COVID-19 pandemic.
While Russia’s passenger air traffic has almost ground to a halt because of travel restrictions, the country’s largest cargo carrier Volga-Dnepr Airlines is operating at capacity to help combat COVID-19 at home and abroad.
Welcome to Routes’ look at how the Asia-Pacific 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.
Estonia’s Nordic Aviation Group (NAG) is considering its options for subsidiary Regional Jet after co-owner LOT Polish Airlines refused to participate in a much-needed capital increase.
After missing a March 6 deadline to submit its proposal for an MRO joint venture with Thai Airways at U-Tapao Airport, Airbus has also failed to meet the new deadline of April 20.
Senior and mid-ranking Qatar Airways staff are being asked to forego 50% of their salaries over coming months, with the promise that the deferred portion will be paid to them as soon as the airline is in a position to do so.
Air France-KLM is in advanced negotiations with the French and Dutch governments for state and state-backed loans that would enable the group to face the expected liquidity requirement in the third quarter of this year, according to group executives.
German regional carrier Luftfahrtgesellschaft Walter (LGW) filed for self-administered insolvency April 22 after it lost its only wet-lease contract with Lufthansa subsidiary Eurowings.
Wizz Air expects to enter new markets in Europe and increase the scale of its planned Abu Dhabi venture once travel restrictions imposed by the COVID-19 crisis have been eased, the Hungarian airline’s founder and CEO József Váradi has said.
Indian Ocean-based Air Mauritius has been placed into administration as travel restrictions and border closures in all its markets have led to a complete erosion of the company’s revenue base.
Lufthansa subsidiary Austrian Airlines plans to reduce its fleet by 20 aircraft, or 25%, from 80 aircraft as a result of travel restrictions caused by the COVID-19 pandemic.
Several European environmental groups have complained that governments are providing airlines with financial bailouts during the COVID-19 pandemic without having them signed up to measures to improve their environmental performance.
BEIJING—China’s Tongcheng Group will merge its airline Air Travel with its travel agency business, taking another step toward reproducing the successful formula of rival Spring Travel.
Etihad Airways, which owns 21% of Virgin Australia, has said it was unable to provide further funding to prevent the airline’s entry into administration but remains open to discussions on a possible relaunch.
Welcome to Routes’ weekly look at how Europe's 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.
Air Canada will suspend its limited transborder flying on April 26, citing the extension of coronavirus-related joint travel restrictions put in place by Canada and the U.S., and reduced demand for repatriating Canadians.