The pot of $25 billion in federal workforce grants being doled out to U.S. passenger carriers would provide them enough liquidity to ride out the COVID-19 crisis until year end, a team of Moody’s analysts have concluded.
Boeing is offering a voluntary layoff plan in the wake of the COVID-19 crisis and acknowledged its product portfolio may change—and likely decrease—as the coronavirus pandemic drives a historic halt across aerospace and aviation.
After two consecutive lossmaking years, Garuda Indonesia achieved a profit of $6.5 million for 2019, reversing its $229 million loss a year prior; the airline did not provide an outlook for 2020.
The Turkish government has announced strict measures in an effort to curb the spread of the coronavirus in the country, banning all international flying from the end of March 27 until May 1.
A trade group representing leisure airlines and ULCCs said the U.S. Government’s proposed “continuation of service” obligation for carriers receiving federal aid unfairly discriminates against airlines with seasonal demand profiles.
The FAA has released long-awaited policy on using video links and other “remote technology” to conduct inspections and help validate regulatory compliance, adding to a growing set of procedural changes meant to accommodate social distancing during the coronavirus pandemic.
The FAA on April 1 listed 21 air traffic control (ATC) facilities that have been affected by the COVID-19 coronavirus, one more than double the number the agency reported a week earlier.
The COVID-19 crisis shows that while it is good to have a globally diverse network, a strong domestic operation is a major advantage for carriers when a shock disrupts international traffic flows.
Some of the biggest names in UK aerospace have joined an industrial consortium with British Formula One motor racing teams to urgently manufacturer medical ventilators to treat patients suffering from COVID-19.
The European Commission (EC) has approved a French scheme allowing airlines to defer the payment of some taxes to help them weather the COVID-19 crisis by reducing pressure on their cash flows.
Lessor Dubai Aerospace Enterprise (DAE) has received 53 “rent deferral requests” from its customers, representing around 16% of the company’s annual revenue.
A group of nine U.S. Senators urged U.S. carriers to issue full cash refunds to customers for all flight cancellations made during the COVID-19 crisis.
The eruption of the Indonesian Mount Tambora in 1815 propelled enough volcanic dust into the atmosphere to visibly darken the sun and cool the global climate in the subsequent months, leading 1816 to be described in contemporary accounts as “The Year without a Summer.”
Japan Airlines (JAL) and All Nippon Airways (ANA) have made further cuts to their summer international schedules as demand continues to fall amid the COVID-19 pandemic.
Air navigation service providers (ANSPs), particularly those that are privately owned, are taking tough steps to ensure they can survive the slump in air traffic caused by the coronavirus crisis.
Astronics, the already embattled provider of aircraft seat technology and other interior products, is “adjusting its workforce” to align with a dropoff in demand due to the coronavirus and sudden economic slowdown.
