All Coronavirus articles – Page 69
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Airline BusinessTough decisions loom for fleets grounded due to coronavirus crisis
With aircraft piling up at Asia-Pacific airports amid the coronavirus crisis, airline engineering teams will play a key role in keeping grounded jets ready for the day when demand for air travel returns. Singapore Airlines, Cathay Pacific Airways, Qantas Airways, and Korean Air represent just a handful of carriers that ...
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NewsAirbus uses A330 tanker to fly coronavirus air bridge
Airbus is deploying additional aircraft including an A330 tanker conversion airframe to provide flight support for medical supplies from China to Europe. The aircraft, an A330-200 (EC-338), has been undergoing conversion as a multi-role tanker transport, for the French Air Force, according to Cirium fleets data. Airbus says the Rolls-Royce ...
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NewsUS aerospace industry reviewing aid options in 880-page coronavirus relief bill
The coronavirus relief law signed by President Donald Trump on 27 March sets aside billions of dollars in available loans to distressed and national-security-critical companies – categories into which aerospace manufacturers like Boeing and its suppliers may fall.
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NewsUK airspace visualisation illustrates coronavirus impact on traffic
UK air navigation service NATS has illustrated the impact of the coronavirus outbreak on the country’s air traffic through a comparison with airspace activity a year ago. It has visualised aircraft movements on 25 March 2020, when 1,415 flights were handled, against the 6,224 flights on same date in 2019. ...
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NewsTrump signs economic aid bill
US President Donald Trump has signed a $2 trillion aid package designed to support distressed companies and employees after the coronavirus pandemic massively disrupted the US economy in the past weeks.
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NewsHarbour Air suspends scheduled flights
Canadian commuter airline Harbour Air has suspended its scheduled passenger operations due to the coronavirus pandemic, and says it expects to spend the entire month of April grounded.
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NewsUK ground-handlers urge help to preserve cash-flow and staff
UK ground-handling firms have collectively urged the government to take measures to help them preserve cash and maintain their workforce, warning that they will otherwise be unlikely to maintain operations through the coronavirus crisis period. In a letter to UK chancellor Rishi Sunak and transport secretary Grant Shapps, four major ...
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Airline BusinessTracking how European airlines have cut capacity during crisis
Over the course of the last week the further spread of aircraft groundings means the European airline scheduled passenger market is approaching a standstill amid national lock-downs and the closing of borders to international visitors.
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NewsRolls-Royce cools UK civil aerospace activity for a week
Rolls-Royce is to shut down its UK civil aerospace operations for a week, from 27 March, as part of its response to the coronavirus crisis. The manufacturer says it will “significantly reduce” all but essential activity within its civil aerospace facilities. Workers will continue to be paid, it stresses. Defence ...
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NewsGround-handler Menzies halves active workforce as airline operations evaporate
Ground services firm Menzies has temporarily halved its active global workforce, as it assesses the impact of the coronavirus outbreak on its operations. The company – which has some 32,000 personnel, across 34 countries – says it has reduced its headcount by 17,500, although it stresses that these are not ...
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NewsAPAC airports could lose $23.9 billion revenue: trade association
The coronavirus crisis could have a $23.9 billion impact on revenue for Asia-Pacific airports this year, according to estimates by the Airports Council International (ACI) Asia-Pacific. In comparison, those in the Middle East could see a revenue shortfall of $5.7 billion, and ACI urged governments to help safeguard airports in ...
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NewsUnited agrees $500 million term loan with Goldman Sachs
United Airlines has agreed to borrow $500 million from Goldman Sachs Bank USA in the form of a one-year secured term loan. The Chicago-headquartered carrier will use the loan for related transaction costs, fees and expenses, and for working capital and other general corporate purposes. It has pledged some of ...
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NewsChina cuts overseas flights to stem imported coronavirus cases
The Civil Aviation Authority of China (CAAC) is further cutting the number of international flights allowed by both local and foreign carriers, in a bid to contain the “increasing risks” of imported coronavirus cases. Effective 29 March, each Chinese airline is allowed to operate just one route to any specific ...
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NewsAsia-Pacific carriers had dismal month in February: AAPA
Preliminary traffic figures from the Association of Asia Pacific Airlines show that regional air traffic plunged in February. Owing to the coronavirus outbreak, regional airlines experienced a 43.9% year-on-year collapse to 17 million passengers during the month. RPKs fell 34.8% and available seats fell 20.6%. Load factors fell 14.4 percentage ...
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NewsICAO welcomes government support for aviation sector
UN aviation body ICAO welcomed a statement from G20 countries to aid in the global recovery from the coronavirus pandemic, highlighting that aviation is one of the worst-hit sectors. The G20 said on 26 March it will do “whatever it takes” to overcome the pandemic, and will continue to “conduct ...
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NewsQatar Airways opens Brisbane service amid Coronavirus
The coronavirus pandemic has opened a new route for Qatar Airways, which will operate flights to Brisbane for the first time and increase services to Australia to help people get home. The Doha-based carrier said on 26 March it will add 48,000 seats from 29 March and use larger aircraft ...
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NewsSingapore Airlines boosts liquidity amid coronavirus crisis
Singapore Airlines is planning to issue S$5.3 billion ($3.7 billion) in equity and S$3.5 billion in 10-year mandatory convertible bonds in order to raise liquidity as demand for air travel slumps globally. The company will raise an initial tranche of S$3.5 billion via the convertible bond, with the option to ...
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NewsAmericas 26 March recap: US Senate passes bill, Embraer sees deferments
The US Senate passed an economic stimulus bill designed to support workers and industries, including the airline sector, after the global coronavirus crisis ravaged the economy in past weeks.
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NewsAerospace defence firms try stopping coronavirus from spreading in their factories
While the rest of the world shuts down, aerospace defence manufacturers are expected by the US Department of Defense (DoD) to keep turning out aircraft.
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AnalysisUS government aid to aerospace could mean oversupply in future, but avert ‘catastrophe’ now: analyst
While government support would provide vital relief to US aerospace manufacturing at a time of impending crisis, such aid could create a “synthetic” aircraft market to the detriment of the industry in future years.