All Coronavirus articles – Page 74
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NewsSAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter was decided ...
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NewsFinnish government agrees to guarantee €600m loan to Finnair
Finland’s government has provisionally agreed to provide a state guarantee of up to €600 million to assist flag-carrier Finnair, although the measure still needs parliamentary consent. Its economic policy committee met to consider the guarantee on 19 March. Finnair is state-controlled, with nearly 56% of the carrier owned by the ...
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NewsCathay reduces flying to ‘bare skeleton’ network of 15 points
Cathay Pacific has extended its deep capacity cuts for another month, reducing capacity by 96% for April and May, operating a “bare skeleton” passenger flight schedule of just 15 cities. With the latest cuts, Cathay will fly three-times-weekly to 12 points in its network to cities such as Singapore, London ...
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NewsVietJet suspends Southeast Asia flights
Low-cost carrier VietJet Air will temporarily suspend services on its Southeast Asian network. The suspension will commence from 20 March and affect services to Thailand, Singapore, Malaysia, Cambodia, Myanmar and Indonesia. The decision comes amid the global coronavirus outbreak, and follows Vietnam’s decision to grant no visas for a month. ...
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NewsAAPA calls on governments to help struggling airline sector
The Association of Asia Pacific Airlines (AAPA) has called on the region’s governments to “take immediate action” to help airlines amid the coronavirus pandemic. It notes that travel bans, border closures, lockdowns, quarantines, and other measures will see Asian airlines suffer revenue shortfalls of $60 billion in 2020. “By the ...
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NewsWellington throws financial lifeline to Air NZ
Air New Zealand has secured standby funding of up to NZ$900 million ($511 million) from the government to support the airline as it battles the coronavirus outbreak. The government, which owns 52% of the airline, said on 20 March that the deal allows the carrier to keep operating and will ...
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NewsHawaiian to cut flights by 40% during April
Hawaiian Airlines plans to cut 40% of its flights in April, including international routes and those to the continental USA, as the carrier prepares for a prolonged lack of demand and additional government travel restrictions in response to the coronavirus outbreak. The carrier on 18 March announced it will halt ...
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NewsAir Baltic joins calls for sector-wide support
Air Baltic is urging government assistance for the airline industry amid the coronavirus crisis. As the Latvian carrier reported a net loss of €7.7 million ($8.2 million) for 2019, chief executive Martin Gauss noted that, given the sector’s vulnerability to the outbreak, “state support for airlines in general might be ...
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NewsRwandAir to suspend operations for 30 days
RwandAir will temporarily halt all services from 21 March to 21 April, as its looks to help prevent the spread of coronavirus. The African carrier will operate its last commercial passenger flight from Rwandan capital Kigali to London Gatwick on 20 March at 01:00. The return service will depart from ...
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News‘This is really about industry survival’: EasyJet chief
EasyJet chief executive Johan Lundgren has warned that the aviation industry is facing its worst crisis in history – one that is threatening many carriers with bankruptcy. “This is really about industry survival,” he told ITV’s Robert Peston in a television interview on 18 March. “What we have been asking ...
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NewsNikki Haley leaves Boeing’s board in protest of coronavirus aid package
Former governor of South Carolina Nikki Haley resigned from her position on Boeing’s board of directors in protest of a coronavirus aid package
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NewsSenate bill would make $150b available to struggling sectors, including aerospace manufacturing
The US Senate’s proposed financial aid package to businesses affected by the coronavirus would make $150 billion in loans available to “distressed” US companies, including those in the aerospace manufacturing sector.
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NewsAmerican Airlines to fly cargo-only flights for first time since 1984
Due to lack of demand for passenger transportation, American Airlines plans to start flying scheduled cargo-only flights.
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NewsSenate aims to provide $58b in aid to airlines
The US government has offered its airline industry a package worth $58 billion to assist in supporting the sector as it manages through the coronavirus pandemic that has forced many to reduce schedules, ground aircraft and furlough staff.
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NewsCargoJet redeploys capacity to support Canada's remote northern communities
Canadian cargo carrier CargoJet is redeploying some of its international capacity to domestic overnight routes, in order to bolster the supply chain to the country’s far north, largely indigenous communities which are only accessible by air.
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NewsAviation industry coalition asks for coordinated government help
A coalition of 30 aviation industry groups, lobby organisations and professional associations signed a joint letter to the US government insisting it implement urgent and coordinated measures to secure the sector and protect 11 million aviation-related jobs.
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NewsNorwegian offered largest share of airline state guarantee package
Norway’s government is providing a conditional state loan guarantee for its aviation industry amounting to NKr6 billion ($533 million), and is securing a minimum level of flight operations in the country. Half of the funding, NKr3 billion, will be directed at embattled budget operator Norwegian, with another NKr1.5 billion for ...
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NewsCanada’s Sunwing to suspend flights and layoff pilots: union
Canadian leisure carrier Sunwing Airlines will suspend operations on 24 March and layoff all its roughly 470 pilots on 8 April, according the union representing Sunwing’s pilots.
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NewsCompass Airlines to shut down operations
Compass Airlines, which flies regional routes for American Airlines as American Eagle, will shut down completely on 7 April, the second US regional carrier to fall victim to the coronavirus.
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NewsUS government warns against international travel with ‘Level 4’ advisory
The US Department of State has issued a “Level 4” international travel advisory, upping the government’s travel warning to the highest level as part of an effort to urge Americans not to fly overseas.