All Coronavirus articles – Page 63
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NewsLessors’ Max orders at risk with Avolon cancellation
Avolon is removing 75 Boeing 737 Max jets from its orderbook, and while the world’s fourth largest lessor by fleet value says it “remains committed” to the type, these add to cancellations from before the coronavirus pandemic.
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NewsAir France-KLM running ‘skeleton operation’ in April and May
Air France-KLM slashed capacity by more than a third in March and will run a “skeleton operation” throughout April and May.
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NewsJetBlue and Spirit apply for emergency exemptions to ‘minimum service’ order
JetBlue Airways and Spirit Airlines are the first two US carriers to apply for immediate exemptions under the Department of Transportation’s service requirements, striking 19 and 26 destinations in their respective networks.
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NewsHong Kong aviation sector to receive further state funding
Hong Kong’s aviation sector will receive an extra HK$2 billion ($254 million) under a follow-on government relief package which includes the advance purchase of half a million airline tickets to be given away when the coronavirus pandemic subsides. Airport Authority Hong Kong says it has put together the package on ...
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In depthAerospace suppliers shift to healthcare production to help understocked hospitals
Amid the coronavirus downturn an increasing number of aerospace manufacturers and suppliers are shifting to the production of medical products hospitals need to treat increasing numbers of seriously ill coronavirus patients.
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NewsAirbus chief: Crisis likely to be ‘a long one’
Airbus is expecting to review its production rates every month after reducing its output by a third in response to the coronavirus impact. Chief executive Guillaume Faury, speaking on 8 April, was unable to estimate when rates would be restored but said he thought the crisis would “probably be a ...
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NewsAirbus records 15 A350 cancellations but reveals order for 10
Airbus has recorded cancellations of 15 A350s as well as four A330neos during March, although it secured a firm agreement for 10 A350s from an undisclosed customer. Six A350-1000s and four A350-900s from Latin America’s LATAM are part of the cancellation. Five A350-900s ordered by Kuwait Airways have also been ...
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NewsAirbus cuts aircraft production by a third as 60 jets stay undelivered
Airbus is cutting monthly production of single- and twin-aisle aircraft by about a third, slashing output of A320s to just 40 aircraft. It is taking monthly production of A350s down to six and A330s down to two. “With these new rates, Airbus preserves its ability to meet customer demand while ...
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NewsNorwegian shareholders to vote on crucial debt-to-equity scheme
Scandinavian budget carrier Norwegian has called a shareholders’ meeting for 4 May to discuss plans to convert debt to equity, in order to meet criteria for the Norwegian government’s state guarantee scheme. The airline is trying to secure NKr3 billion in funding but, while it has met the requirements for ...
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NewsAir Canada to apply for federal wage subsidies
Air Canada is seeking newly available federal wage subsidies for 36,000 domestic employees, including roughly 16,500 workers who have already lost their jobs.
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NewsSpirit AeroSystems furloughs Boeing programme workers
Spirit AeroSystems is furloughing workers in Wichita, Kansas and in Oklahoma for 21 days, a move building on its other recent staff reductions.
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NewsBA crew members ratify furlough deal
British Airways’ plan to furlough more than 30,000 employees – a mix of cabin crew and ground staff – has been overwhelmingly ratified by union members.
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NewsFastjet poised to renegotiate divestment of Zimbabwean division
Fastjet Group is to hold discussions on potential amendments to the terms of its planned disposal of its Zimbabwean operation, given the financial impact of measures taken to combat the coronavirus outbreak. Investors led by Solenta Aviation Holdings had been planning to acquire the operation before the crisis, and Fastjet ...
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AnalysisCoronavirus cripples recovery of Malaysian carriers
2020 was supposed to provide Malaysian carriers a boost, with the “Visit Malaysia 2020” tourism campaign targeting 30 million visitor arrivals. Instead, the coronavirus pandemic has pushed the airlines to rejig plans and focus on survival, just weeks after some of them reported improvements in 2019’s operating performance. Bo Lingam, ...
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NewsSouth Korean carriers take further measures to cope with coronavirus
South Korean carriers are battling the coronavirus pandemic by placing staff on leave and looking to strengthen their balance sheets. Asiana Airlines announced on 7 April it is increasing the limit on its credit lines with the Korea Development Bank and the Export-Import Bank of South Korea by a total ...
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AnalysisATR confronts big order overhang in Asia-Pacific
As Asia-Pacific airlines endure the existential coronavirus pandemic, regional aircraft manufacturers are due to deliver 73 new aircraft to the Asia-Pacific before the end of 2021, of which 61 aircraft are to come from turboprop maker ATR. The overall delivery number and schedule is based on estimates by Cirium and ...
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NewsIATA reiterates need for ‘urgent’ liquidity assistance
Airlines around the world are in desperate need of government liquidity support which in many cases is taking too long to reach them, IATA has warned. Describing the coronavirus shutdown as “the biggest crisis we have ever had”, IATA director general Alexandre de Juniac stresses that although many governments have ...
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NewsDOT final order takes ULCC, airport concerns into account
The US Department of Transportation’s (DOT) final order on requirements air carriers must meet if they take advantage of government aid during the coronavirus pandemic gives additional flexibility to carriers on managing seasonal networks and relieves secondary airports which subsidised unprofitable routes.
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NewsFastjet’s FedAir division slashes fleet as safari market dries up
Fastjet Group’s Federal Airlines division has entered a restructuring process and given up most of its aircraft after a severe downturn in its business conducting shuttle and charter services to safari reserves in southern Africa. FedAir primarily serves US and European tourists but the coronavirus situation has badly affected these ...
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NewsLufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.