- U.S. Treasury Taps Wall Street Firms for Aid Advice: Sources[Apr. 02, 2020]
The U.S. Treasury Department has hired Wall Street bankers and lawyers to advise on providing tens of billions of dollars in aid to the airline, cargo and defense sectors, people familiar with the matter said on Wednesday.
- S.Korea Budget Carrier Eastar Jet To Cut about 700 Jobs - Spokesman[Apr. 02, 2020]
South Korean budget airline Eastar Jet plans to cut about 700 out of some 1,600 jobs due to operational difficulties from the coronavirus outbreak, the carrier's spokesman said on Thursday.
- British Airways Could Suspend 36,000 Employees: BBC[Apr. 02, 2020]
IAG-owned British Airways is expected to announce a suspension of about 36,000 of its employees, BBC News reported on Wednesday.
- Paris Orly Airport to Close As Air Traffic Dwindles[Apr. 01, 2020]
Paris Orly airport, France's biggest airport for domestic flights, will shut down starting from Tuesday midnight until further notice as air traffic dwindles amid the coronavirus pandemic.
- Turkish Airlines Sells Fewer Tickets to Ensure Social Distancing over COVID-19[Mar. 30, 2020]
Turkey's national flag carrier Turkish Airlines (THY) Monday announced that it will sell fewer tickets to ensure social distancing to help curb the spread of COVID-19.
- Private-jet Flight Demand Rises As Virus Spreads in US[Apr. 02, 2020]
As the coronavirus is spreading in United States and most Chinese cities have reported no more new cases, some Chinese parents are paying tens of thousands of dollars for private jets to get their children out of the US and back to China because of the coronavirus pandemic.
- Airlines Facing Rapid Cash Burn[Mar. 31, 2020]
The International Air Transport Association (IATA) published new analysis showing that airlines may burn through US$61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of US$39 billion.
- VariFlight: COVID-19 Impact on Global Civil Aviation Industry (Updated Mar 30)[Apr. 01, 2020]
VariFlight has released its latest report analyzing the global aviation operation amid COVID-19, in which the aviation data intelligence provides a deep dive into the pandemic's influences on the industry.
- VariFlight: Freight Remains in Short Supply[Apr. 01, 2020]
Although there is an overall increase in freight hours of airlines in mainland China, the country's air cargo capacity still fall behind global top cargo airlines in daily aircraft utilization due to slot limits, according to VariFlight, China's leading aviation data technology provider.
- VariFlight: COVID-19 Outbreak and Global Aviation Operation (Updated Mar 30)[Apr. 01, 2020]
As the COVID-19 pandemic continues to accelerate and cause damage to global aviation, VariFlight has compiled its latest report on the statuses of the industry in hard-hit countries and regions, with data last updated on Mar 30, 2020.