The field of suitors for Virgin Australia has narrowed to two, with Bain Capital and Cyrus Capital Partners shortlisted by the administrator as the preferred bidders.
As airlines and airports around the world respond to the challenges created by the COVID-19 pandemic, Routes looks at the current state of the global aviation market.
Bombardier’s exit from commercial aerospace was finalized yesterday with the sale of its CRJ aircraft program to Japanese manufacturer Mitsubishi Heavy Industries (MHI) in a deal including its maintenance support services.
Fuel microbes thrive in heat and humidity. At a time when thousands of aircraft are parked, and not spending time at altitude where it’s much colder, the chance of contamination is higher than normal.
Southwest Airlines has said it received its second disbursement of payroll support from the U.S. federal government, which will enable the airline carrying the most U.S. domestic air passengers to avoid furloughs or shrinking the size of the LCC through Sept. 30.
The Global Aircraft Trading System (GATS) went live for digital transactions June 1, paving the way for simpler, lower-cost aircraft transitions, with less physical paperwork.
Embraer, still shaking off its failed commercial tie-up with Boeing, plans to complete a strategic review by September and is talking to several potential partners that could play a role in the Brazilian airframer's future, the company’s top executive said.
The Greek government has offered the country’s airlines a package of support measures totaling €115 million ($128 million) as the nation prepares to restart its crucial tourism industry.
Delta Air Lines will negotiate with the Air Line Pilots Association (ALPA) to avoid furloughing roughly 2,300 pilots, following a “surplus bid” process intended to align the carrier’s staffing levels to its summer 2021 schedule.
Emirates Airline and Kuwait Airways are the latest companies to embark on redundancy processes as they attempt to slash their costs in a world of minimal air services.
Norway plans to extend its aviation loan guarantee scheme by four months and relax some of the original requirements as the impact of COVID-19 has proven “more protracted and serious” than originally anticipated.
FRANKFURT—Lufthansa’s board of directors has approved a compromise reached by the European Commission and the German government that clears the way for the airline to receive a €9 billion ($9.9 billion) bailout and fend off an insolvency filing.
As an increasing number of domestic air travel markets reopen in the Asia-Pacific region, some countries are also starting to lay the groundwork for the more complex process of resuming international flights.
Despite COVID-19 taking its toll on air travel in Taiwan, investors from the country’s Kinmen Islands are hoping to raise TWD5 billion ($167 million) to set up a new international airline based there by October.
BEIJING—China is financially backing cargo-haulage by passenger aircraft, adding to measures to support air freight operations during the coronavirus pandemic.
Ukraine International Airlines (UIA) expects to restart passenger operations June 15, assuming anticipated relaxations on entry and exit restrictions for both Ukrainian and foreign nationals by that date, the flag-carrier said May 28.
One of the unions representing British Airways (BA) staff has accused the flag-carrier of seeking to effectively terminate all of its personnel’s contracts and rehire them on lower salaries.
