LATAM Cargo Group is increasing frequencies to Europe and the U.S. to mitigate the effects caused by reduced belly capacity in passenger aircraft grounded by the COVID-19 pandemic.
The Chinese aviation industry has lost about CNY39.8 billion ($5.6 billion) over the course of the 2020 first quarter, with the airline sector taking up most of the share at CNY33.6 billion, according to an estimate by the Civil Aviation Administration of China (CAAC).
Delta Air Lines will operate daily, scheduled all-cargo service connecting the U.S., South Korea and China starting April 16 to transport medical supplies to healthcare workers on the front lines of the COVID-19 pandemic.
The unprecedented U.S. Cares Act to provide funding for businesses affected by the COVID-19 crisis will fall well short of covering airline running costs in the country, according to the CEO of Republic Airways.
The terms of the agreement in principle reached between 10 airlines and the U.S. Treasury Department regarding $25 billion in payroll assistance provided under the Coronavirus Aid, Recovery, and Economic Security (CARES) Act surprised industry-watchers, many of whom had previously expected the aid to consist entirely of grants.
Shortage of passenger-aircraft belly space prompted a surge in mainland Chinese freighter operations in March, even as general airline activity remained depressed, figures from the Civil Aviation Administration of China (CAAC) showed.
Turkish Airlines has extended its suspension of international flying by a further 19 days until May 20 in line with decisions taken by the authorities in Turkey to curb the spread of the coronavirus in the country.
Vietnam Airlines will reportedly sell its 49% share in Cambodian flag-carrier Cambodia Angkor Air to stem the impact from the COVID-19 crisis that has grounded all passenger flights in Vietnam.
The U.S. Treasury Department reached an agreement in principle April 14 with 10 large American passenger airlines, ensuring their participation in the $25 billion Payroll Support Program (PSP) established by the Coronavirus Aid, Recovery, and Economic Security (CARES) Act.
Qatar Airways and Standard Chartered bank announced April 14 that they have signed a deal for $850 million to help fund the purchase of seven Boeing 787-9s.
With the global recovery in air traffic demand expected to last up to several years, airlines that survive will likely emerge from the COVID-19 crisis as smaller businesses operating leaner and more efficient fleets.
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.
