U.S.-based lessor Aircastle has posed a $34.2 million 2020 first quarter (Q1) net loss, driven by $34.8 million in costs related to its acquisition by Japanese investor Marubeni Corp. and Mizuho Leasing, which closed in March.
Delta Air Lines will remove its Boeing 777s by year-end, further streamlining its fleet and bracing for a long recovery for long-haul passenger demand amid the COVID-19 pandemic.
The UK has launched the second phase of a £300 million ($366 million) challenge to develop a novel aviation system enabling safe operation of new types of aircraft including delivery drones, urban air taxis and electric regional aircraft.
Among the long-term ripple effects of COVID-19, add this: aerospace and defense (A&D) companies are going to become a lot more digital, from tip to tail.
The Russian government has provided RUB23.4 billion ($316.5 million) in subsidies to local airlines to cover COVID-19 losses, the country’s Federal Air Transport Agency Rosaviatsiya said May 14.
Allegiant Air sees signs of life in some domestic leisure markets where government restrictions have been relaxed, although the timeline to recovery in other key destinations remains unclear.
South Korean carrier Asiana is planning to reopen several international routes in June, one of a handful of airlines beginning to restore networks cut back due to COVID-19.
Severely burnt by fuel hedging losses and the collapse in demand from COVID-19, Singapore Airlines (SIA) posted a net loss of S$212 million ($148 million) for its fiscal year ending March 31, the first in its history.
Completion of what will become Cambodia’s largest airport, the new Siem Reap International Airport, is on track for 2023 despite COVID-19 hitting the country’s air travel industry hard.
Welcome to Routes’ look at how the Asia-Pacific aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
SINGAPORE—Malaysia’s primary airport operator, Malaysia Airport Holdings Berhad (MAHB), has released its April operating statistics that reveal a 98.4% year-on-year (YOY) decline in passenger traffic across the whole country.
Data from airports body ACI Europe shows a 98.6% drop in April passenger numbers because of COVID-19, with director general Olivier Jankovec warning of “irreversible damage” should the situation continue.
Asia Aviation (AAV), parent company of Thai AirAsia, has posted a THB671 million ($21 million) first quarter (Q1) net loss as COVID-19 felled Thailand tourist arrivals by 38%.
The Australian Competition & Consumer Commission (ACCC) has given oneworld alliance members British Airways (BA) and Qatar Airways the green light to coordinate their services on a number of routes between Australia, Europe and the UK.
Europe’s airlines are criticizing European Commission (EC) guidelines for restarting transport and tourism in the region, calling recommendations on passenger compensation and vouchers “disappointing and confusing.”
As many as a fifth of lower-tier suppliers in aerospace and defense could exit the sector over the next 18 months as COVID-19 disrupts the commercial aviation market and hurts the defense industrial base, seasoned supply chain experts have told Aviation Week.
Plans by Spain and the UK to impose lengthy quarantine periods for all arriving international air passengers will further damage the aviation sector, according to the body representing more than 50 of Europe’s regional carriers.
Specialist aircraft-finance consultancy IBA has forecast that 7.5% of the world’s narrowbodies and 30% of widebodies could be prematurely withdrawn from service over the next 20 months, creating a 2,500-aircraft oversupply.
Australian carrier Regional Express Holdings (Rex) is considering dramatically expanding its operation to compete on Australia’s lucrative East Coast domestic trunk routes.
