Airbus has to prepare for a massive, multi-year downturn that will see it get back to previous production volumes only after 2027, analysts at Agency Partners forecast.
Malaysia Airlines Berhad CEO Izham Ismail has said the hasty and unilateral decision to enforce a nationwide lockdown of Malaysia resulted in severe disruption to the flag carrier’s operations.
Following increased government travel restrictions and a massive drop in demand related to the COVID-19 coronavirus outbreak, Brussels Airlines, Latvian flag carrier Air Baltic and Italian regional carrier Air Dolomiti have all decided to temporarily suspend operations.
The association that represents U.S. aviation repair stations has asked the Trump administration and Congress for $11 billion to help offset an anticipated slowdown in aftermarket work as airlines ground aircraft and wait out the COVID-19 coronavirus crisis.
Chinese authorities will not allow any international flights to arrive directly in Beijing beginning Mar. 18, the Civil Aviation Administration of China (CAAC) has told airlines.
Cash-strapped African LCC fastjet has reached creditor agreements, paving the way for continued operations to the end of June and extending its previous guidance by three months.
Boeing called for the U.S. government to provide a minimum of $60 billion in aid to the aerospace manufacturing community in response to the COVID-19 coronavirus crisis that has cratered air travel and could trigger a worldwide recession.
The European Commission (EC) has sent member states a draft of proposed changes to state aid rules give them more flexibility to support companies hit by the COVID-19 pandemic, as airline and airport groups called for more support.
South America’s largest commercial airlines suspended nearly all international flying and slashed domestic capacity, as the financial fall-out from the COVID-19 crisis reverberates across all corners of the global airline industry.
The British airline industry has broadly welcomed government plans to make £330 billion ($405 billion) worth of funding available to get business through the COVID-19 pandemic.
Southwest Airlines announced plans to trim capacity by 20% in April and May, citing a “dramatic decline” in net bookings caused by the COVID-19 pandemic and ensuing government travel restrictions.
Aviation regulators and governments must exempt cargo airline flight deck personnel from increasingly tight travel restrictions if vital supplies are not to dry up in the global health crisis, IATA and the European Regions Airline Association (ERA) contend.
Industry insiders and analysts are increasingly forecasting a 20% or greater falloff in commercial aftermarket revenue this year for manufacturers and other aerospace and defense companies with stakes in the business due to the COVID-19 coronavirus crisis and the collapse in Western air travel.
Increasingly strict border and quarantine requirements are curtailing international air travel across Asia as governments across the continent ramp up their response to the COVID-19 coronavirus crisis.
France’s economy minister Bruno Le Maire has pledged to support big companies, including Air France, by any means necessary as the government unveiled an initial €45 billion ($49.6 billion) package of financial aid for struggling businesses hit by the COVID-19 coronavirus crisis.
As a consequence of the COVID-19 pandemic, Airbus has decided to “temporarily pause production” at its French and Spanish sites for four days, starting Mar. 17.
IATA expects the global airline industry to need $150-200 billion in various forms of government financial assistance to survive the current COVID-19 crisis, the association’s director general and CEO Alexandre de Juniac said Mar. 17.
Air New Zealand and Qantas are making further major cuts in capacity, suspending most international flights and grounding aircraft in response to the COVID-19 coronavirus pandemic.
LCC Cebu Pacific (CEB) and Philippine Airlines (PAL) will suspend flights as quarantine measures are ramped up across the Philippines following the COVID-19 coronavirus outbreak.
