All news – Page 976
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NewsGovernments could offer certainty by taking Airbus deliveries: research note
Governments should buy up to 600 aircraft from Airbus over the next three years, as a measure to sustain the airline and aerospace industries, according to a research note from US financial services firm Jefferies Group. Airbus deliveries might fall to some 600 aircraft per year – compared with 863 ...
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NewsLondon Heathrow operations to ‘shrink’ during outbreak
London Heathrow is to restructure and “shrink” the hub’s operations while the coronavirus situation persists, the airport’s operator has advised. The airport will remain open, enabling vital freight services – as well as a limited number of passenger services – to continue. But the operator warns that its financial performance ...
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NewsLuxair to suspend flights from 23 March
Luxair has become the latest European carrier to announce it will temporarily suspend flights, calling a halt to its operations from 23 March.
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NewsSAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter was decided ...
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NewsFinnish government agrees to guarantee €600m loan to Finnair
Finland’s government has provisionally agreed to provide a state guarantee of up to €600 million to assist flag-carrier Finnair, although the measure still needs parliamentary consent. Its economic policy committee met to consider the guarantee on 19 March. Finnair is state-controlled, with nearly 56% of the carrier owned by the ...
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NewsCathay reduces flying to ‘bare skeleton’ network of 15 points
Cathay Pacific has extended its deep capacity cuts for another month, reducing capacity by 96% for April and May, operating a “bare skeleton” passenger flight schedule of just 15 cities. With the latest cuts, Cathay will fly three-times-weekly to 12 points in its network to cities such as Singapore, London ...
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NewsVietJet suspends Southeast Asia flights
Low-cost carrier VietJet Air will temporarily suspend services on its Southeast Asian network. The suspension will commence from 20 March and affect services to Thailand, Singapore, Malaysia, Cambodia, Myanmar and Indonesia. The decision comes amid the global coronavirus outbreak, and follows Vietnam’s decision to grant no visas for a month. ...
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NewsCoronavirus rebound will take time: Air NZ chief
Air New Zealand’s chief executive believes the airline will emerge from the coronavirus crisis after agreeing to government backing on Friday, but a rebound will take time. “I’m pretty sure the airline’s going to be a little bit smaller than what it was, because it will be a bit of ...
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NewsAAPA calls on governments to help struggling airline sector
The Association of Asia Pacific Airlines (AAPA) has called on the region’s governments to “take immediate action” to help airlines amid the coronavirus pandemic. It notes that travel bans, border closures, lockdowns, quarantines, and other measures will see Asian airlines suffer revenue shortfalls of $60 billion in 2020. “By the ...
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NewsWellington throws financial lifeline to Air NZ
Air New Zealand has secured standby funding of up to NZ$900 million ($511 million) from the government to support the airline as it battles the coronavirus outbreak. The government, which owns 52% of the airline, said on 20 March that the deal allows the carrier to keep operating and will ...
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NewsHawaiian to cut flights by 40% during April
Hawaiian Airlines plans to cut 40% of its flights in April, including international routes and those to the continental USA, as the carrier prepares for a prolonged lack of demand and additional government travel restrictions in response to the coronavirus outbreak. The carrier on 18 March announced it will halt ...
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NewsAir Baltic joins calls for sector-wide support
Air Baltic is urging government assistance for the airline industry amid the coronavirus crisis. As the Latvian carrier reported a net loss of €7.7 million ($8.2 million) for 2019, chief executive Martin Gauss noted that, given the sector’s vulnerability to the outbreak, “state support for airlines in general might be ...
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NewsRwandAir to suspend operations for 30 days
RwandAir will temporarily halt all services from 21 March to 21 April, as its looks to help prevent the spread of coronavirus. The African carrier will operate its last commercial passenger flight from Rwandan capital Kigali to London Gatwick on 20 March at 01:00. The return service will depart from ...
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News‘This is really about industry survival’: EasyJet chief
EasyJet chief executive Johan Lundgren has warned that the aviation industry is facing its worst crisis in history – one that is threatening many carriers with bankruptcy. “This is really about industry survival,” he told ITV’s Robert Peston in a television interview on 18 March. “What we have been asking ...
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NewsNikki Haley leaves Boeing’s board in protest of coronavirus aid package
Former governor of South Carolina Nikki Haley resigned from her position on Boeing’s board of directors in protest of a coronavirus aid package
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NewsSenate bill would make $150b available to struggling sectors, including aerospace manufacturing
The US Senate’s proposed financial aid package to businesses affected by the coronavirus would make $150 billion in loans available to “distressed” US companies, including those in the aerospace manufacturing sector.
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NewsAmerican Airlines to fly cargo-only flights for first time since 1984
Due to lack of demand for passenger transportation, American Airlines plans to start flying scheduled cargo-only flights.
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NewsSenate aims to provide $58b in aid to airlines
The US government has offered its airline industry a package worth $58 billion to assist in supporting the sector as it manages through the coronavirus pandemic that has forced many to reduce schedules, ground aircraft and furlough staff.
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NewsCargoJet redeploys capacity to support Canada's remote northern communities
Canadian cargo carrier CargoJet is redeploying some of its international capacity to domestic overnight routes, in order to bolster the supply chain to the country’s far north, largely indigenous communities which are only accessible by air.
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NewsUS Air Force looks to rent T-X contest losers to prepare for Boeing T-7A
The US Air Force is looking to rent four to eight jet trainers to perfect its training regime and further refine capabilities needed on the winner of the T-X trainer contest, the Boeing T-7A Red Hawk.