The Russian government has provided RUB23.4 billion ($316.5 million) in subsidies to local airlines to cover COVID-19 losses, the country’s Federal Air Transport Agency Rosaviatsiya said May 14.
The air chiefs of France, Germany and Spain have set up a trilateral working group to establish improved connectivity capabilities for their existing Eurofighter and Rafale combat aircraft fleets.
South Korean carrier Asiana is planning to reopen several international routes in June, one of a handful of airlines beginning to restore networks cut back due to COVID-19.
A team of Turkish engineers is proposing a family of hydrogen fuel cell-powered electric vertical takeoff and landing aircraft for package delivery, as well as for personal and regional air mobility.
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Completion of what will become Cambodia’s largest airport, the new Siem Reap International Airport, is on track for 2023 despite COVID-19 hitting the country’s air travel industry hard.
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.
SINGAPORE—Malaysia’s primary airport operator, Malaysia Airport Holdings Berhad (MAHB), has released its April operating statistics that reveal a 98.4% year-on-year (YOY) decline in passenger traffic across the whole country.
Data from airports body ACI Europe shows a 98.6% drop in April passenger numbers because of COVID-19, with director general Olivier Jankovec warning of “irreversible damage” should the situation continue.
Asia Aviation (AAV), parent company of Thai AirAsia, has posted a THB671 million ($21 million) first quarter (Q1) net loss as COVID-19 felled Thailand tourist arrivals by 38%.
Europe’s airlines are criticizing European Commission (EC) guidelines for restarting transport and tourism in the region, calling recommendations on passenger compensation and vouchers “disappointing and confusing.”
As many as a fifth of lower-tier suppliers in aerospace and defense could exit the sector over the next 18 months as COVID-19 disrupts the commercial aviation market and hurts the defense industrial base, seasoned supply chain experts have told Aviation Week.
As grim as the current situation is for companies across the aerospace sector, there are grounds for cautious optimism that business aviation may be better placed to bounce back quickly than other parts of the air travel ecosystem.
