Israel´s government will grant El Al Airlines loan guarantees for 80% of a $400 million loan to help it survive the COVID-19 crisis on condition that the nation’s flag-carrier lays off a third of its 6,000-strong workforce as part of a restructuring.
In accordance with an updated NOTAM from the UAE General Civil Aviation Authority (GCAA), flydubai must keep its passenger operations suspended through June 4 as part of the government’s precautionary measures implemented in response to COVID-19.
There are now at least 19 entities expressing interest in buying Virgin Australia during the airline’s administration proceedings, according to court documents.
Etihad Airways plans to restore service from Melbourne, Australia (MEL) to London Heathrow (LHR) via its hub in Abu Dhabi (AUH) after it was suspended because of the COVID-19 crisis.
Richard Branson’s Virgin Group is considering selling up to 25,000,000 Virgin Galactic shares to raise funds for the group’s travel businesses, which have been hard-hit by COVID-19.
Fast-growing LCC Vietjet Air has posted its first quarterly loss since listing on the Ho Chi Minh stock exchange in February 2017, attributable to COVID-19 flight restrictions and passenger drop-off.
ULCC Ryanair plans a swift increase in its schedules over the summer with 40% of its usual flights set to operate from July 1, the carrier said May 12.
Lufthansa-owned Brussels Airlines plans to cut its 4,000-strong workforce by a quarter and reduce its fleet by 30%, an overhaul driven by the COVID-19 pandemic.
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.
Delta Air Lines will consolidate service from 10 secondary airports into nearby metro hubs, as it looks to eliminate unprofitable flying while adhering to minimum service levels in the CARES Act stimulus law.
Frontier Airlines became the first U.S. carrier to announce plans to screen temperatures at the gate, as calls for a uniform screening policy gather steam across the industry and on Capitol Hill.
Italy plans to invest at least €3 billion ($3.2 billion) in relaunching newly renationalized Alitalia and is eyeing the long-haul market, according to economic development minister Stefano Patuanelli.
The UK’s plan to impose a 14-day quarantine on passengers arriving from abroad will force International Airlines Group (IAG) to rethink its post-lockdown plans, its CEO said May 11, echoing criticisms from across the UK aviation industry.
Welcome to Routes’ look at how the North American aviation market is responding to the COVID-19 pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
SIA Engineering (SIAEC) has remained profitable, even as mass aircraft groundings and disruptions plague the Singapore air hub amid the COVID-19 crisis.
The Indonesian government is in the process of helping Garuda Indonesia draft a $1 billion financing proposal as the state-controlled airline has a $500 million Islamic bond (sukuk) due in June.
Avianca Holdings, one of Latin America‘s largest airlines, has filed for chapter 11 bankruptcy in New York after failing to secure a government bailout before the deadline for a $66 million bond repayment due this month.
SALZBURG—As part of its new program that reconfigures passenger aircraft for cargo operations in the age of COVID-19, Lufthansa Technik has signed its first agreement to convert an Airbus A380.
