China Development Bank (CDB) Financial Leasing Co said Monday it canceled an order for 29 Boeing 737 MAX jets, dealing another blow to the US giant and its stock.

El Al Israel Airlines said it is in advanced talks with an Israeli bank to receive a loan that will be partly backed by government guarantees.

Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia's second-biggest airline the Asia-Pacific region's biggest victim of the coronavirus crisis gripping the industry.

Aeroflot has suspended ticket sales for all international flights departing before August, as Russia's coronavirus cases continue to rise at one of the fastest rates in the world.

VariFlight predicts that U.S. will meet its coronavirus turning point in late April, while its domestic aviation market will gradually recover from the beginning of May. Meanwhile, European countries may heralds a longer restoration period due to the higher reliance on international networks.

Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis.

After the first batch of 50 tons of medical supplies dispatched by the World Health Organization for Africa's fight against the coronavirus pandemic arrived in Ethiopia on Monday, the UN on Tuesday established an air hub in Addis Ababa to distribute the lifesaving supplies across the African continent.

China's civil aviation sector has taken a proactive approach to transporting medical personnel and emergency supplies to aid the global fight against the novel coronavirus, a senior aviation official said.

Demand for flights and jet fuel could take years to recover from the coronavirus crisis as airlines struggle to survive their worst downturn, haunted by possible changes in the habits of tourists and business travellers.

Several major U.S. airlines are preparing to apply this week for a US$25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said, as the industry braces for a slow recovery from the coronavirus pandemic.