Richard Branson’s Virgin Group is considering selling up to 25,000,000 Virgin Galactic shares to raise funds for the group’s travel businesses, which have been hard-hit by COVID-19.
Fast-growing LCC Vietjet Air has posted its first quarterly loss since listing on the Ho Chi Minh stock exchange in February 2017, attributable to COVID-19 flight restrictions and passenger drop-off.
ULCC Ryanair plans a swift increase in its schedules over the summer with 40% of its usual flights set to operate from July 1, the carrier said May 12.
Lufthansa-owned Brussels Airlines plans to cut its 4,000-strong workforce by a quarter and reduce its fleet by 30%, an overhaul driven by the COVID-19 pandemic.
Welcome to Routes’ weekly look at how the Middle East and African aviation markets are responding to the COVID-19 pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Mitsubishi Heavy Industries (MHI) has suspended development of the M100 version of the SpaceJet regional jet as one measure in stanching the cash bleed from the program.
Delta Air Lines will consolidate service from 10 secondary airports into nearby metro hubs, as it looks to eliminate unprofitable flying while adhering to minimum service levels in the CARES Act stimulus law.
Changes in the global rankings of domestic air routes illustrate that Asia-Pacific markets are generally weathering the COVID-19 crisis better than those in other regions.
Boeing has updated a 747-400 non-normal checklist following evidence from a UK Air Accidents Investigation Branch (AAIB) report that showed a British Airways (BA) crew confused by its verbiage initiated an unneeded stall-recovery procedure while troubleshooting an issue.
Frontier Airlines became the first U.S. carrier to announce plans to screen temperatures at the gate, as calls for a uniform screening policy gather steam across the industry and on Capitol Hill.
Italy plans to invest at least €3 billion ($3.2 billion) in relaunching newly renationalized Alitalia and is eyeing the long-haul market, according to economic development minister Stefano Patuanelli.
The UK’s plan to impose a 14-day quarantine on passengers arriving from abroad will force International Airlines Group (IAG) to rethink its post-lockdown plans, its CEO said May 11, echoing criticisms from across the UK aviation industry.
Welcome to Routes’ look at how the North American aviation market is responding to the COVID-19 pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
SIA Engineering (SIAEC) has remained profitable, even as mass aircraft groundings and disruptions plague the Singapore air hub amid the COVID-19 crisis.
The Indonesian government is in the process of helping Garuda Indonesia draft a $1 billion financing proposal as the state-controlled airline has a $500 million Islamic bond (sukuk) due in June.
Avianca Holdings, one of Latin America‘s largest airlines, has filed for chapter 11 bankruptcy in New York after failing to secure a government bailout before the deadline for a $66 million bond repayment due this month.
SALZBURG—As part of its new program that reconfigures passenger aircraft for cargo operations in the age of COVID-19, Lufthansa Technik has signed its first agreement to convert an Airbus A380.
Along with other measures, such as 30-50% cuts to cash wages, the reduction in force should still mean the company at a minimum remains at cash breakeven.
An FAA review of the Eastern Caribbean Civil Aviation Authority (ECCAA) found that the agency does not sufficiently comply with ICAO standards, placing the countries it regulates into Category 2 of the U.S. agency’s International Aviation Safety Assessment (IASA) program.
