All Coronavirus articles – Page 60
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News
CityJet secures breathing space by entering examinership
An Irish court has appointed an interim examiner at regional wet-lease specialist CityJet as the carrier seeks protection during the coronavirus crisis.
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Opinion
Adapting to coronavirus means removing its power to frighten
The airline industry is effectively being held hostage by organisms a tenth of a micron wide. In future, we may have to live alongside them, as is the case with other diseases
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News
What challenges are airlines facing through coronavirus grounding by region
No airline or air travel market has been left untouched by the coronarvirus epidemic, which has all but brought to a halt international scheduled passenger services. IATA if now forecasting airline traffic will be roughly half the levels seen in 2019 as national lockdowns take hold and with the likelihood ...
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News
Icelandair plans new share issue to prop up financial position
Icelandair Group is preparing to issue new shares to shore up its liquidity and strengthen its financial position during the coronavirus-driven downturn. The company has yet to disclose the size of the share issue planned. But it says the intention of the offer is to ensure its “long-term competitiveness” after ...
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News
VietJet secures repayment deferral on aircraft loans
Low-cost carrier VietJet has managed to secure deferrals of loan repayments for aircraft purchases from most of its lenders. VietJet states that it has been “working hard” with its suppliers, local and foreign financial institutions to cut 30-70% of prices and service fees, and to extend payment terms. ...
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News
Post-pandemic demand recovery ‘impossible to predict’: Cathay
March proved to be yet another month of weak traffic figures for Cathay Pacific, which states that it is “impossible to predict” when passenger demand will recover from the coronavirus crisis. Commenting on its traffic results for March, Cathay adds that it is not seeing any improvement so far in ...
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News
Global aircraft grounding hampers weather forecasting: WMO
The lack of commercial flights due to the Covid-19 crisis is not only a problem for the aviation industry but also has weather forecasters concerned. Sensors, computers and communications systems onboard commercial jets automatically collect and transmit meteorological observations to ground stations, which have been curtailed by the sharp decline ...
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News
Australian carriers reinstate domestic routes after financial aid
Qantas and Virgin Australia will operate additional routes within Australia after the federal government agreed to underwrite a minimal domestic service during the coronavirus pandemic. The support, for an initial eight-week period and worth up to A$165 million ($105 million), was announced on 16 April by deputy prime minister and ...
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Airline Business
Early retirements in crises: a new normal?
Across the world, airlines are considering bringing forward the retirement of older aircraft types. When the coronavirus outbreak finally abates, the question will remain if these accelerated retirements represent an anomaly, or a “new normal”.
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News
SIA Group flags financial impact of limited passenger network
Singapore Airlines Group expects to extend capacity cuts and warns of material impact to its financial performance in the quarter ended 31 March. Singapore banned short-term visitors from entering or transiting from 24 March, and the group said in a stock-exchange disclosure on 15 April that “capacity was further rationalised ...
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News
Boeing to reopen Puget Sound-area factories starting 20 April
Boeing says it will resume production in its Puget Sound-area factories after shutting them down in March due to the coronavirus pandemic.
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News
Slow recovery, suppliers to be hit hard: aerospace leaders predict
The current industry slump may push some aerospace suppliers out of business, and the recovery may come slow due to public wariness of close quarters in aircraft cabins, say industry experts.
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Airline Business
IATA appeals to Latin American governments for coordination
Airline industry association IATA is calling on Latin American governments to harmonise plans to eventually restart air service and reopen borders, saying an uncoordinated effort will hinder the sector’s recovery.
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Airline Business
US carriers tap relief funding as crisis deepens
North American airline traffic is expected be down more than a third compared with the 2019 level, IATA’s projections for the impact of the coronavirus crisis on the sector show.
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News
US DOT denies minimum service exemptions to Spirit, JetBlue
The US Department of Transportation (DOT) has largely denied Spirit Airlines’ and Jet Blue Airways’ requests for exemption to minimum service rules required for carriers to accept government aid as they consolidate their networks due to the sharp drop-off in demand following the coronavirus global health emergency.
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News
FAA extends slot relief at US airports until October
The FAA says it will extend slot relief at seven major US airports through the summer travel season so that airlines will not be penalized as a result of reduced flying schedules caused by the coronavirus pandemic.
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News
EasyJet secures cash for potential nine-month fleet grounding
EasyJet has expressed confidence it now has enough cash to survive a nine-month grounding of its fleet after securing additional funding.
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News
Stobart Group ponders move to buy back regional operator
Stobart Group is considering buying back Irish regional operator Stobart Air and lessor Propius from the administrators of Flybe parent, Connect Airways.
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Airline Business
Etihad and Emirates prepare ground for service return
Etihad’s announcement that it aims to begin restoring its passenger network from the start of May and Emirates’ initial move to test passengers for coronavirus ahead of flights show the Gulf carriers readying for a return to operations.
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News
Concerns cargo belly-space shortage may persist after lockdowns lifted
The air freight sector is struggling to find aircraft to move medical equipment and other urgent supplies – often from Asia to the West – as a result of the coronavirus crisis.