- Virgin Australia Suspends Trading to Continue Talks over Rescue Package[Apr. 16, 2020]
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.
- UN Sets Ethiopia Air Hub for Africa Virus Response[Apr. 15, 2020]
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.
- Civil Aviation Sector Rises to Challenge of Pandemic[Apr. 16, 2020]
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.
- Jet Fuel Demand to Remain Low As Airlines Buckle up for Tough Ride[Apr. 15, 2020]
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.
- Exclusive: Major U.S. Airlines Eyeing Government Loans after Grants - Sources[Apr. 16, 2020]
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.
- Airbus Puts off Planned Ramp-up of A220 Jet[Apr. 16, 2020]
Airbus SE is delaying its planned Canadian production ramp-up of its A220 jet by a year, a company spokeswoman said on Wednesday, as the coronavirus outbreak weighs on broader airline demand for aircraft.
- Norwegian Air Shares Plummet As Survival Hinges on Creditors[Apr. 14, 2020]
Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting a rescue plan proposed last week.
- South African Government Won't Give SAA More Funds - Rescue Team[Apr. 15, 2020]
The South African government told specialists appointed to try to save South African Airways (SAA) that it was not able to give additional funds for rescue efforts, the specialists said on Tuesday.
- Airlines Mull Empty Seats and Masks for Coronavirus Recovery[Apr. 15, 2020]
Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns that anti-coronavirus measures could blight their profitability long after travel restrictions end.
- Chinese Airlines Report US$4.8 Billion Loss in First Quarter As Virus Erodes Travel Demand[Apr. 15, 2020]
Chinese airlines reported a total loss of 33.62 billion yuan (US$4.8 billion) in the first quarter as the coronavirus pandemic hit travel demand, the aviation regulator said on Wednesday.