Reports: Air Canada to lay off 16,000
Air Canada is cutting 16,000 employees and slashing its network by 90% in April and May, the company tells staff according to reports in French-language Canadian media.
Passenger sues five Canadian carriers
Canadian airlines Air Canada, WestJet, Swoop, Air Transat and Sunwing have been accused of breach of contract in a class action lawsuit filed in the province of British Colombia for refusing to give passengers refunds to purchased tickets after the coronavirus severely impacted both domestic and international air travel.
Japanese and South Korean carriers further cut April schedules
Japanese and South Korean carriers have made further reductions to their summer schedules in light of the coronavirus outbreak.
Canada has ‘concerns’ about Air Canada-Transat merger
The Competition Bureau of the government of Canada says it has “competition concerns” about the planned takeover of Transat by Air Canada.
Air Italy liquidators examine non-binding offers for assets
Liquidators for Air Italy are examining non-binding offers received for the collapsed carrier’s assets after a 25 March deadline for submissions of interest.
United agrees $500 million term loan with Goldman Sachs
United Airlines has agreed to borrow $500 million from Goldman Sachs Bank USA in the form of a one-year secured term loan.
ICAO welcomes government support for aviation sector
UN aviation body ICAO welcomed a statement from G20 countries to aid in the global recovery from the coronavirus pandemic, highlighting that aviation is one of the worst-hit sectors.
Singapore Airlines boosts liquidity amid coronavirus crisis
Singapore Airlines is planning to issue S$5.3 billion ($3.7 billion) in equity and S$3.5 billion in 10-year mandatory convertible bonds in order to raise liquidity as demand for air travel slumps globally.
How Etihad aims to manage through coronavirus crisis grounding
Etihad Aviation Group chief executive Tony Douglas believes the business’s ongoing restructuring programme has given the Gulf carrier the agility to better manage its operation through the coronavirus crisis and to position it for when air travel markets reopen.
South African Airways acting chief takes early retirement
South African Airways acting chief executive Zuks Ramasia will retire on 14 April, less than a year after assuming the position.