COVID-19 Pandemic

After having been thought for a few days to be on a strong upward curve, demand for aircraft storage during the COVID-19 crisis is still unstable, according to specialist Tarmac Aerosave.

IATA now estimates airline industry will take $252b hit in 2020 (vs previous $113b), representing 44% decline compared to 2019; year-over-year global

MOODY'S INVESTORS SERVICE revised its outlook for the aircraft leasing sector to negative from stable.

RYANAIR says it does not expect its Group of Airlines, including Lauda, Buzz and Malta Air, to operate flights in April and May.

GOL plans through May 3 to maintain essential network of 50 daily flights between São Paulo International (Guarulhos) and the other 26 capital cities

SPIRIT AEROSYSTEMS is suspending Boeing work performed at Wichita, Tulsa and McAlester for 14 days in response to Boeing decision to shut down

ALASKA AIRLINES says it plans to park 30 mainline aircraft of its fleet of 230 until further notice. It is cutting schedule 15%.

CATHAY PACIFIC and CATHAY DRAGON are cutting capacity by 96% in April/May; its freighter capacity remains intact.

IATA director general and CEO Alexandre de Juniac is a sophisticated businessman at ease with the higher echelons of this industry and governments

NORWEGIAN says two Nordic banks have obtained credit committee approval to provide a guarantee for required 10% for first tranche of NOK300m. Norway

BOMBARDIER is suspending non-essential work/business jet production at most Canadian-based operations through April 26.

As travel demand falters, European airlines are continuing to cut flights, with Ryanair predicting its aircraft will remain grounded through May and Wizz Air temporarily closing its Vienna base.

Spirit AeroSystems, Boeing’s provider of aerostructures and its largest supplier, on March 24 said it will halt work at its Wichita and Tulsa, Oklahoma, facilities after Boeing the day before announced a temporary shutdown of its Puget Sound facilities in Washington state.

Routes' weekly update on how airlines and airports across Europe are responding to the COVID-19 pandemic.

Ryanair does not expect to operate any flights through April or May while fellow European ULCCs Wizz Air and easyJet have grounded the majority of their fleet.

Bombardier will temporarily suspend aircraft and rail production and other work considered “nonessential” at most of its Canadian operations from March 25 through April 26.

Democratic lawmakers want airlines' carbon emissions addressed.

The troubled stories of the L-1011, C-5A and Lockheed from over 49 years ago and today’s headlines about the 737 MAX, KC-46 and Boeing are converging

The airline said assistance “commensurate with the scale of this crisis” is needed.

IATA expects airlines globally to lose around $250 billion in revenues this year as a consequence of the coronavirus crisis and is asking governments to quickly intervene.

Flights from Wuhan Tianhe International Airport (WUH) will resume on Apr. 8 as China’s transport links with Hubei, the province where COVID-19 originated, are restored, airline flight scheduling shows.

Routes' weekly update on how airlines and airports across the Middle East and Africa are responding to the COVID-19 pandemic.

How airlines around the world are responding to the COVID-19 pandemic.

The Hong Kong Airport Authority (AA) has announced a HK$1 billion ($129 million) package of financial aid for the aviation sector but Cathay Pacific says more is needed to help carriers hard-hit by the coronavirus crisis.

The bidding process for the proposed Thai Airways and Airbus MRO joint venture at U-Tapao Airport in Rayong is to be suspended until at least April.