All Coronavirus articles – Page 56
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News
British Airways considers axing 12,000 jobs as parent unveils huge losses
British Airways is proposing a restructuring programme which, it warns, could result in up to 12,000 redundancies. The IAG-owned carrier states that it has notified its trade unions about the measure and – while it remains subject to consultation – the proposal is likely to affect “most” of the UK ...
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Airline Business
For airlines, there has never been so much at stake
The fast-moving nature of the coronavirus crisis has created a curious situation where talk of airlines being on the brink of collapse is happening alongside discussions of how operations might be restarted in the coming weeks.
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News
Icelandair cuts staff and salaries to survive
Icelandair is axing 2,000 staff and imposing reduced working hours and wage cuts on its remaining employees as it looks to shore up its finances.
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News
SAS initiates work on cutting up to 5,000 jobs
Scandinavian carrier SAS has begun work on cutting up to 5,000 full-time positions from its future workforce as it warns it is likely to take “some years” before air travel demand returns to pre-crisis levels. SAS will hold talks with unions over the proposed cuts, which will apply to staff ...
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News
Coronavirus punishes ANA’s profitability and revenue
The parent company of All Nippon Airways (ANA), ANA Holdings, saw coronavirus hurt both profitability and revenue during its 2019 fiscal year, as it painted a bleak outlook for the immediate future. Consolidated operating profit of for the 12 months ended 31 March fell 63% to Y61 billion ($569 million), ...
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News
Comac makes first jet delivery after resuming production
Comac has delivered its 24th ARJ21 regional aircraft, the first aircraft to be delivered since the Chinese airframer resumed work following the coronavirus outbreak. The aircraft, registered B-604F, was delivered to Chengdu Airlines. Comac states that the aircraft is managed by lessor ICBC Financial Leasing. The aircraft is ...
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News
Swiss to modify 777s for cargo-only flights
Swiss intends to reconfigure three Boeing 777s as cargo aircraft under a plan to operate more than 100 freight services to Asia and North America by the end of May. The Lufthansa Group carrier says it will establish “a new network of cargo-only services” to operate up to three daily ...
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News
Pakistan and India ease lockdowns but flights remain grounded
Pakistan and India are easing some of their coronavirus-related lockdown measures, though it will still be at least more than two weeks before aircraft flying scheduled international flights take to both countries’ skies as Pakistan has extended its flight ban and India’s remains subject to review. The lockdown in Pakistan ...
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News
Airbus furloughs over 3,000 UK wing-plant personnel
Airbus’s UK division is to furlough some 3,200 personnel at its wing-production plant in Broughton as part of measures to cope with the coronavirus crisis. The staggered furloughs – which will start over the next three weeks, and last for three weeks – affect the majority of production and production ...
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Airline Business
New AAPA chief sees multilateral effort as key to restoring air travel
The Association of Asia Pacific Airlines (AAPA) is optimistic about the future of air travel in the region, but stresses that rebooting the air travel sector will take substantial coordination. Subhas Menon is the new director general of the AAPA, succeeding Andrew Herdman. Prior to joining the association he spent ...
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News
Norwegian sets out survival plan and sounds warning on cash
Norwegian will run out of cash by mid-May if it does not secure the remainder of its state aid package, the Scandinavian budget carrier has warned in a report to bondholders which lays out plans for a “new Norwegian” that will not start to take off until 2021.
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News
Estonia makes merger a condition of Nordica capital increase
Estonia’s government is to increase the share capital of local carrier Nordica by €30 million ($33 million) to help the airline through the coronavirus crisis – an investment which is conditional on the merger of Estonian aviation assets.
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News
Condor secures future as €550 million German state loan granted
European Commission regulators have approved a €550 million ($595 million) loan from the German state to help struggling leisure carrier Condor through the coronavirus crisis.
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News
SIA Group reserves liquidity for aircraft purchases
SIA Group has set aside S$3.3 billion ($2.3 billion) of the S$8.8 billion it plans to raise, from issuing equity and mandatory convertible bonds, for aircraft purchases and aircraft related payments. “The rationale for these [aircraft] purchases remains valid even under the present scenario given that it would enable SIA ...
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News
Thai carriers prepare to restart domestic flights
Some airlines in Thailand are preparing to restart domestic flights on 1 May with distancing and temperature screening measures in place. The Civil Aviation Authority of Thailand met with representatives from 20 airlines to discuss guidelines and rules for the resumption of flights, the Tourism Authority of Thailand said on ...
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News
SIA to move a fifth of A380 fleet to desert storage
Singapore Airlines (SIA) will shift four Airbus A380s to long-term storage at Alice Springs airport in central Australia. The first of four double-deckers arrived on 26 April, according to a Facebook post by Alice Springs airport; the jets will be stored at Asia Pacific Aircraft Storage. Video: A380 ...
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News
Vietnam domestic market shows signs of life
Vietnam’s domestic air travel market is taking tentative steps back to normality with the country’s airlines adding flights as the coronavirus pandemic ebbs. Vietnam Airlines has started operating four to six flights daily on the key Hanoi-Ho Chi Minh City route, with this to grow to 11 flights daily in ...
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News
Virgin Australia owes creditors $4.4 billion: administrators
Virgin Australia owes just over A$6.8 billion ($4.4 billion) to more than 12,000 creditors, its administrators have disclosed. Meanwhile, Perth Airport has already moved to seize a number of Virgin Australia aircraft over outstanding payments. “Virgin has significant outstanding invoices from Perth Airport for airfield and terminal use charges – ...
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Analysis
Amid pandemic hit, whither Asia-Pacific’s mega airport projects?
Asia-Pacific is home to a number of mega airport projects, from Changi’s fifth terminal, to Hong Kong’s three-runway system. As the coronavirus outbreak continues to wreak havoc on the industry, is it time to give the mega airport concept a rethink?
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News
Indonesia bans commercial flying until 1 June
Indonesia has banned commercial flying from 24 April until 1 June, in a bid to prevent the spread of the coronavirus. The ban on commercial flying was part of a larger travel ban imposed by the Indonesian government on Indonesians seeking to travel back to their hometowns to mark the ...