In one of its latest COVID-19-related updates IATA estimated that the airline industry will reduce its second quarter investment spending from $17 billion planned in pre-crisis days to essentially zero.
Aviation industry labor unions called on the U.S. government to enforce medical guidelines to contain the spread of the novel coronavirus that causes COVID-19, saying their members risk ongoing exposure to infection despite a dramatic decline in air travel.
Air France-KLM is reportedly in talks with the French and Netherlands governments over a state-backed loan of up to €6 billion ($6.48 billion) to help the airline group weather the COVID-19 crisis.
London Biggin Hill Airport has launched a coronavirus recovery package for operators called “Return to the Skies” aimed at helping operators maintain business jet airworthiness and keeping training current during the pandemic.
Airbus decided April 6 to suspend production and aircraft at some of its facilities, most importantly the A220 and A320 final assembly line in Mobile, Alabama.
U.S. carriers drastically cut back on flying to the New York City area over the weekend, as the country’s worst outbreak of COVID-19 is expected to peak there in the coming weeks.
RavnAir Alaska, a regional carrier providing connectivity throughout the state of Alaska with a fleet of 72 aircraft, has entered Chapter 11 bankruptcy protection and shut down with immediate effect.
Key aerospace and defense suppliers Woodward and Hexcel have called off their planned merger due to the novel coronavirus outbreak, ending a three-month saga that always baffled many industry insiders and has since been overtaken by survival necessities.
Aviation and healthcare training provider CAE on April 6 announced that it has furloughed one-quarter of its workforce among “flexible measures” being implemented in response to the COVID-19 pandemic.
Transport ministers in France, Germany, Italy and Spain have written to European Commissioner for Transport Adina-Ioana Valean asking for funding to help COVID-19 crisis-hit transport companies.
Aero-engine manufacturer Rolls-Royce says it is preparing for a dip in engine delivery volumes as the industry scales back operations in the face of the novel coronavirus pandemic.
Changi Airport Group (CAG) is taking advantage of the dramatic slowdown in air travel demand to bring forward infrastructure upgrades at Singapore's Changi Airport, suspending operations at Terminal 2 for 18 months from May 1.
