Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.
The Hong Kong government will gain a minority stake in Cathay Pacific thanks to a massive bailout package, while the airline has committed to further wage savings and a sweeping overhaul of the group’s business strategy.
COVID-19 has thrown aviation into survival mode overnight but the industry should use this crisis to learn from the past and find ways to improve in the future, according to IATA regional vice president for the Americas Peter Cerdá.
The British Airline Pilots Association (BALPA) has accused British Airways (BA) of planning to fire all of its flightdeck crews and rehire a smaller number at lower salaries.
London City Airport will reopen for passenger services toward the end of June. Like most airports, it will initially face a reduced level of service, but this will be compounded without the presence of two airlines that played a significant role prior to the coronavirus pandemic.
After more than two months without a commercial flight, Lyon Saint Exupery airport has reopened to passenger traffic, accompanying the gradual resumption of air travel activity in France.
Delta Air Lines will suspend service to 11 domestic non-hub cities, following a decision by the U.S. Transportation Department (DOT) to provide greater flexibility from CARES Act minimum service requirements.
Regional aircraft lessor Nordic Aviation Capital (NAC) has applied to the Dublin High Court for debt relief and secured agreement from its shareholders for a $60 million equity injection as it tries to weather the COVID-19 crisis.
Ground handler Swissport Belgium is filing for bankruptcy after parent Swissport International refused to inject further funds into the struggling unit.
The number of daily flights in Europe rose above 6,000 on June 2 and stayed at that level for four days, showing a post-lockdown recovery in air traffic getting underway, Eurocontrol said.
Like many shops across Europe, Iberia Maintenance began ramping up activity last month following a slowing of operations in the wake of the COVID-19 outbreak and the airline MRO says it is now adopting a week-by-week approach when assessing demand increases.
