Finnair said it is now in a healthy financial position after a recapitalization and extensive cost-cutting that addressed the havoc wreaked on its business by the COVID-19 pandemic in 2020.
Conditions remain challenging in the first quarter of 2021, in which the group expects to operate 40% of pre-pandemic capacity as ongoing COVID-19 lockdowns and travel restrictions stifle flying
The North Atlantic Datalink Mandate requiring that aircraft be equipped with datalink communications in oceanic airspace, suspended temporarily because of the COVID-19 pandemic, will be reinstated on Feb. 25.
Groupe ADP, the operator of Charles de Gaulle (CDG) and Orly (ORY) airports, said pre-pandemic levels of traffic at its Paris airports are not expected to return until 2024-27.
The U.S. aerospace industry provided a foreign trade surplus of around $43 billion in 2020, the U.S. Commerce Department reported this month, a notable achievement amid the onset of COVID-19 but almost half the sector’s 2019 level.
Charity UNICEF has launched an initiative with 16 airlines to ensure consignments of COVID-19 vaccine and other humanitarian supplies reach the areas where they are most needed.
The government of Singapore will pour another S$870 million ($657.5 million) into its aviation sector, in an effort to help the Singapore air hub edge out competition as the industry claws its way to recovery.
The UK’s Royal International Air Tattoo has joined the growing list of 2021 aerospace events canceled over the uncertainty of the coronavirus pandemic.
Following cancellation of this year's edition of the European Business Aviation Convention & Exhibition (EBACE), organizers of the in-person event have launched a virtual programming series called EBACE Connect to bring the business aviation industry together.
U.S. pilot unions are joining airlines and manufacturers in opposing a potential coronavirus test requirement for domestic U.S. airline passengers, though a mandate to move forward with the proposal does not seem imminent.
India’s Directorate General of Civil Aviation (DGCA) has extended the duration of its 80% limit on how much pre-COVID-19 capacity airlines in the country are allowed to fly.
Some patterns in business aviation have emerged or solidified in the wake of the COVID-19 pandemic that appear likely to remain important in the future.
The Republic of Turkey plans to move ahead with six new airport projects and predicts that the hub of Istanbul will gain even more importance once the COVID-19 pandemic ends.
Germany’s federal government has agreed to grant 12 airports a total of €200 million ($240 million) in financial aid and pledged to support three more in which it holds equity stakes.
Panama’s Copa Airlines has a steady stream of Boeing 737 MAX family aircraft scheduled during the next couple years and has not seen any passenger pushback on the MAX aircraft it has in operation.
The French government has reportedly asked Paris airports operator Groupe ADP to go back to the drawing board on its plan to expand the French capital’s biggest airport, Paris Charles de Gaulle (CDG).
Despite entering 2020 in a good financial position and implementing “drastic measures” to combat the COVID-19 outbreak, Sweden’s airport operator Swedavia recorded a loss for the year of SEK 1.28 billion ($154 million) compared to a profit of SEK583 million in 2019.