All Coronavirus articles – Page 57
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NewsAir France-KLM Group carriers secure Franco-Dutch financial package
Air France-KLM Group has secured government funding to help the operator cope with the impact of the coronavirus crisis. The group had previously warned that, despite measures to preserve liquidity, it would need a capital injection in the third quarter of this year. It has negotiated a French state-backed loan ...
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NewsAirline pilots deal with coronavirus reality
While airline executives are struggling to figure out how to manage their fleets, pay staff and protect their businesses for a time after the coronavirus, employees on the front lines have been dealing with a very different reality.
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NewsAirbus and Rolls-Royce cancel E-Fan X hybrid-electric RJ100 experiment
Airbus and Rolls-Royce have axed the E-Fan X demonstrator programme, a year before the experimental hybrid-electric engine airliner was supposed to fly. The E-Fan X programme was launched to explore electric aviation and involved equipping a BAE Systems Avro RJ100 with a hybrid engine. But Airbus chief technology officer Grazia ...
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In depthWhy leasing market is shedding 737 Max orders
Recent cancellations of Boeing 737 Max orders likely reflect unique pricing pressures faced by aircraft lessors and could foretell additional Max cancellations.
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NewsJet2 expects £109m coronavirus hit and cancels 12 aircraft leases
UK leisure carrier Jet2 expects to take a £109 million ($135 million) hit from suspending operations during the coronavirus pandemic, and has cancelled plans to lease 12 aircraft for the summer season. The airline’s parent company, Dart Group, says in a disclosure to the London Stock Exchange that “due to ...
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Airline BusinessHow would SAA collapse affect South Africa’s airline connectivity?
If South African Airways fails to find a way through its current funding crisis, it could leave a big hole in its home country’s connectivity, depending on which routes are considered viable as coronavirus restrictions are lifted.
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NewsIndia’s Air Deccan eyes post-crisis relaunch with new aircraft
Air Deccan is in talks with an aircraft manufacturer as the Indian carrier prepares to restart operations once the coroanvirus crisis stabilises, chief executive Arun Kumar Singh has disclosed.
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Airline BusinessHow will states exert their renewed influence on airlines?
Airline bodies, chiefs and industry analysts have been warning since national lockdowns grounded scheduled passenger services that many carriers did not have enough cash to survive more than a couple of months.
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NewsGerman operator LGW files for insolvency
German regional carrier LGW has filed for insolvency after Lufthansa low-cost subsidiary Eurowings terminated a wet-lease agreement.
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NewsEl Al sells three 737-800s to ease financial pressure
Israeli flag-carrier El Al has reached a sale-and-leaseback agreement with an unidentified foreign company covering three Boeing 737-800s. The airline, which has been seeking to shore up its finances, says it signed a memorandum of understanding for the transaction on 23 April. El Al has not identified the specific airframes ...
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NewsIATA warns of more airline failures in Asia-Pacific
More carriers in the Asia-Pacific region could fall as a result of the coronavirus crisis, if governments fail to step in with relief measures. Highlighting the “worsening” impact of the pandemic on carriers in the region, airline body IATA also identified eight countries which are most at risk. These countries ...
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NewsShutdown to cost European airlines $89 billion: IATA
IATA has increased its estimate of the cost of the coronavirus crisis to European airlines, and now believes it will cut sector earnings 2020 earnings by more than half. The association is predicting an annual revenue reduction of 55% against 2019, a hit of $89 billion. This represents an increase ...
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NewsGaruda outlines measures to ride out coronavirus pandemic
Garuda Indonesia has outlined the measures undertaken in light of uncertainties caused by the coronavirus pandemic. In response to a stock exchange query made on 16 April, the airline says it has begun negotiations with lessors to delay payment on leased aircraft and to extend their lease periods. It will ...
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NewsAir New Zealand scraps Buenos Aires and London routes
Air New Zealand is scrapping services to London and Buenos Aires, predicting that demand will not recover quickly enough to make the routes viable. It is also postponing the start of its non-stop Auckland-New York service from 29 October 2020 until late 2021 at the earliest, the carrier said today. ...
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NewsDe Havilland sells up to 13 Dash 8-400 freighter conversion kits to Jazz
Canadian regional airline Jazz has agreed to purchase up to 13 freighter conversion kits for De Havilland Canada Dash 8-400 turboprops, enabling the airline to carry freight needed to combat coronavirus.
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NewsLufthansa in financing talks after disclosing Q1 loss of €1.2bn
Lufthansa Group is in talks with the home governments of its various airlines over financing support after revealing it expects to have posted a €1.2 billion ($1.3 billion) adjusted EBIT loss for the first quarter fo 2020.
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PodcastAirline Business podcast: What will industry look like when flying restarts?
With talk in some regions turning to how airline markets might open up again as coronavirus cases peak, Graham and Lewis examine the current state of the industry and where it might be heading. Among the topics considered, they look at Virgin Australia’s demise and the moral hazard faced by ...
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Airline BusinessRather than solving social distancing, airlines face a waiting game
Seeing 75-year-old airline trade association IATA and ultimate industry disruptor Michael O’Leary express the same view on a topic is a rare thing, but we are living through unprecedented times.
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NewsUSAF B-1B stars in Asia-Pacific show of force
The US Air Force (USAF) and Japan Air Self-Defence Force (JASDF) have mounted a show of force intended to demonstrate a doctrine for quickly deploying combat assets to the Asia-Pacific region. The activity involved a Boeing B-1B bomber operating a 30h sortie from Ellsworth AFB, South Dakota, to Japan’s Draughon ...
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NewsICAO predicts 1.2 billion fewer air travellers by September
ICAO forecasts that the Covid-19 crisis could send the number of international air travellers falling by up to 1.2 billion by September 2020, compared to a typical year. It also estimates that airline revenues could fall by $160-253 billion for the first nine months of this year, with international capacity ...