Lynn Tilton has stepped down as CEO of MD Helicopters (MDH) after bankruptcy judges ordered her to sell companies to repay collateralized loan obligations worth nearly $2 billion.
London Gatwick Airport (LGW) said it will consolidate all operations into its South Terminal starting Apr. 1 and limit scheduled flights to an eight-hour period from 2 p.m. to 10 p.m. in measures taken to protect staff and passengers from the COVID-19 pandemic.
Korean Air chairman and CEO Walter Cho has succeeded in repelling a challenge to his leadership from a coalition of shareholder groups allied with his sister Heather Cho.
Despite a protracted downturn in the aviation sector across the globe following the coronavirus outbreak, China is expected to begin a multi-stage reconstruction project of Changsha Huanghua International Airport (CSX) this October.
Aero-engine manufacturer Rolls-Royce is pausing engineering and production operations at its UK facilities as it works to mitigate the challenges posed by the COVID-19 pandemic.
The FAA has made several changes and is preparing more guidance documents and policy statements to help the industry navigate some short-term roadblocks presented by the coronavirus pandemic.
Aeroflot Group has become the first Russian carrier to ease its lease burden amid the COVID-19 flight restrictions that come as airlines are already contending with the weakened ruble.
South African Airways’ (SAA) business-rescue plan has been delayed by another two months to May 29 while the flag carrier’s fleet remains grounded because of COVID-19-related flight restrictions.
UK long-haul carrier Virgin Atlantic has temporarily suspended flights from London Gatwick, instead focusing its London operations on London Heathrow, and has flown its first ever all-cargo flight.
Singapore finance minister Heng Swee Keat has announced the country’s second round of financial relief worth S$48 billion ($33.1 billion) to tide the country through the COVID-19 disruption.
Abu Dhabi-based Etihad Airways has announced plans to deploy passenger Boeing 787-10s on cargo flights, to ensure the supply of fresh-produce imports into the United Arab Emirates (UAE).
Embraer said it expects a further delay in the closure of a deal for Boeing to purchase its commercial aircraft business as it recorded a strong year in its executive jet division in 2019.
China will cut air services to every foreign country to a minimum of one weekly flight per airline, as the country tries to avoid re-importing COVID-19.
Alaska Airlines announced plans to cut its schedule by 70% in April and May, citing the “historic and unprecedented falloff in demand” caused by the COVID-19 pandemic.
The European Commission (EC) has issued updated air cargo guidelines, calling on member states and other countries to help facilitate the operations that play an important role in transporting medical supplies and equipment amid the COVID-19 pandemic.
AirAsia Group has confirmed that it is temporarily grounding most of its fleet, and its core Malaysia-based operation is suspending all international and domestic flights.
Latin American and Caribbean carriers’ attempts to operate vital cargo services or repatriation flights are being hampered because the region’s governments are not reacting quickly enough to the fast-changing COVID-19 situation, IATA said Mar. 26.
