All Coronavirus articles – Page 64
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NewsSpirit extends shutdown of Boeing production sites
Spirit AeroSystems has extended beyond 8 April the shutdown of several sites that support Boeing programmes, a change coming in response to Boeing’s decision to extend closures of its sites in Washington State.
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News25 million jobs endangered by airline coronavirus crisis: IATA
IATA has calculated that some 25 million jobs might be at risk amid falling demand for air travel caused by the coronavirus crisis.
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NewsEl Al bailout request rejected by Israeli finance ministry
Israel’s finance ministry has rejected El Al’s request for state aid, prompting the airline to appeal directly to the country’s prime minister for help.
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NewsSAS details staff cuts and warns it may need more state aid
Scandinavian carrier SAS has temporarily laid off 11,000 employees and will make 120 positions in Sweden permanently redundant, and is warning that the state support it is set to receive “will not suffice” if the coronavirus crisis persists.
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Airline BusinessCORSIA’s airline CO2 baseline must exclude 2020 data: IATA
IATA has added to calls for ICAO to reconsider the baseline period being used for its CORSIA global carbon offsetting scheme for commercial aviation, in light of the coronavirus outbreak.
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NewsEuropean air navigation fee deferral aims to assist struggling airlines
Up to €1.1 billion in European air navigation charge payments is being deferred under an agreement intended to assist airlines struggling under the impact of the coronavirus outbreak. Pan-European air navigation organisation Eurocontrol says its members have agreed the deferral as part of a financial package to provide “liquidity support”. ...
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NewsWellington plans reciprocal transit agreements for repatriation
New Zealand will enter into reciprocal transit arrangements with a number of countries to make it easier for both citizens and foreigners to get home. The rapid closure of borders and tightening travel restrictions, along with the resulting decline in commercial airline flights has left many travellers struggling to get ...
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NewsAir New Zealand to lay off 387 pilots: union
Air New Zealand is planning to make 387 pilots redundant amid the coronavirus crisis, their union said today. The New Zealand Air Line Pilots’ Association (NZALPA) said it met with the carrier’s chief executive Greg Foran and his executive team several times on 6 April to discuss cost-cutting measures. “NZALPA ...
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NewsEtihad to test contactless medical screening at airport
Etihad Airways will trial new contactless technology that will help it identify passengers with medical conditions, potentially even those with early stages of the coronavirus. The carrier is partnering with Australian technology firm Elenium Automation to test the new concept later this month at its Abu Dhabi hub. ...
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NewsChangi airport to close Terminal 2 for 18 months from May
Singapore’s Changi airport is closing Terminal 2 (T2) for 18 months from May 1 due to the dramatic fall in traffic as a result of the coronavirus crisis. Transport minister Khaw Boon Wan told parliament on 6 April that the impact on Changi was “severe”, describing the airport, which has ...
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NewsIndian regional carrier falls victim to coronavirus pandemic
Air Deccan, a small regional airline that was once India’s largest low-cost carrier, has become the first airline in the country to fall victim to the coronavirus pandemic. Cirium fleets data shows the airline has just two 19-seater Beechcraft 1900Ds but once boasted Airbus narrowbodies and ATR turboprops. It announced ...
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NewsBoeing shuts down South Carolina 787 site due to coronavirus
Boeing will suspend production at its 787 facility in North Charleston, South Carolina on 8 April “until further notice” due to the spread of coronavirus.
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NewsSweden’s BRA files for protection to buy time for restructuring
Swedish carrier Braathens Regional Airlines has filed for protection in order to undergo a restructuring exercise. It has suspended all services with effect from 6 April with the intention of gradually resuming flights “after the summer”, it says, when conditions are expected to have improved. BRA says the decision will ...
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NewsAirbus suspends A220 and A320 assembly at Mobile
Airbus is temporarily suspending aircraft production at its US assembly line in Mobile for about three weeks, and is adapting activity at its German facilities in Bremen and Stade. The airframer assembles A320 and A220 jets at the Mobile plant. Airbus says it will “pause” production this week and expects ...
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NewsHSBC expects European airline consolidation amid Covid-19 crisis
The coronavirus crisis will speed up airline-industry consolidation across Europe as less profitable carriers fail or are taken over by leaner competitors, according to an analysis by HSBC. “We expect financially weak airlines that survive to be… significantly smaller as they exit the outbreak,” the bank writes in an update ...
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NewsHexcel and Woodward cancel merger due to coronavirus downturn
Downturn and broader economic fallout caused by coronavirus prompts Woodward and Hexcel to terminate planned merger
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NewsEasyJet borrows from UK coronavirus fund as part of liquidity plan
Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 million of ...
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Airline BusinessWhy airline CEOs should think counter-intuitively during a crisis
Airline chief executives need to act swiftly during the coronavirus crisis, but should also remember that counter-intuitive actions might lead to better outcomes – particularly when it comes to short-term hits to the balance sheet. Those were among the key messages heard during the FlightGlobal webinar Airline chiefs on surviving ...
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NewsEasyJet founder refuses to inject new funds as he directs ire at CFO
EasyJet founder and shareholder Stelios Haji-Iaonnou has refused to inject any fresh capital into the UK budget airline while a contract to acquire further Airbus jets remains in place, and is turning his wrath on chief financial officer Andrew Findlay. Haji-Ioannou has named Findlay as the second director he aims ...
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NewsIcelandair Group studies options to avoid liquidity depletion
Icelandair Group has recruited advisors to look into options for reinforcing its capital structure, and explore possibilities for strengthening its competitiveness. It states that its liquidity position is still “well above” its minimum level of $200 million. But it adds that – given the assumption of “minimum revenue generation” in ...