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Europe leading airlines have self-help options to survive industry cash crunch

Russia may send plane with medical equipment to US by day-end to assist COVID-19 fight

A Russian aircraft with medical equipment and protective equipment may fly to the United States before the end of the day to provide assistance to the country amid the coronavirus pandemic, Kremlin spokesman Dmitry Peskov said on Tuesday. "Today, technical coordination was conducted, and pre...

Lufthansa agrees on short-time work

Lufthansa has signed agreements with its works council and trade unions to introduce short-time working for cabin and ground staff in Frankfurt and Munich. This also applies to the management. An agreement with the pilots union “Vereinigung Cockpit” has not yet been reached. The ex...

Avia Solutions Group has finalized the acquisition of Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s shareholdings. On the 31st of March 2020, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalised. Gediminas Zie...

Aviation industry - will 2 years be enough to recover?

The recent outbreak of COVID-19 has sent aviation industry into a nosedive. With project revenue losses for airlines in 2020 estimated to be around US$252 billion, for some the future of the industry may look bleak. The novel coronavirus has shaken up airlines’ schedules all around the globe. Lufthansa Group intends to ground 700 aircraft from their fleet of 755 aircraft. At the same time...

Russia suspends air flights with other countries

Chairman of Russia’s Government Mikhail Mishustin on Thursday ordered the Federal Air Transport Agency (Rosaviatsiya) to cease regular and charter flights from Russian airports to foreign countries and backward starting March 27. "To ensure suspension of regular and charter air transportation from the Russian airports to the airports of other states and back starting from midnight, M...

airBaltic Carries Face Masks and Respirators to Latvia

After a request from National Health Service of the Republic of Latvia this weekend airBaltic performed a special cargo flight to and from Ürümqi Diwopu International Airport in China, bringing 900 000 face masks and 80 000 respirators made in Zhengzhou and Yiwu regions to Latvia. The special flight with airBaltic Airbus A220-300 registered as YL-C...

Air Canada begins Cargo-only flights carrying vital supplies, necessary goods

Air Canada said today that through its Air Canada Cargo division it has begun using its aircraft to operate cargo-only flights to Europe, with other flights planned for Latin America and South America. The aircraft on these flights carry no passengers but move time-sensitive shipments, including medical supplies to combat COVID-19, and goods to support the global economy....

How much air transport industry will lose due to COVID-19

IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 billion or 44% below 2019’s figure. This is in a scenario in which severe travel restrictions last for up to three months, foll...

Fitch affirms Aeroflot's long-term credit rating

Fitch Ratings has affirmed PJSC Aeroflot’s long-term issuer default rating at “BB” as part of its annual review of the airline’s credit ratings. The outlook has changed from “stable” to “negative”. Fitch noted that the change in the outlook is due to the impact of COVID-19 on the Company's metrics “in 2020, which is consistent with a sim...

Norwegian fulfils criteria for initial NOK 300 million in guarantee from the Norwegian Government

Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the subsequent stock exchange notice from Norwegian Air Shuttle ASA (the “Company” or “Norwegian”). Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a gu...

Why emergency flights must be allowed to go ahead to help combat the COVID-19 crisis

By Mark Briffa, CEO of Air Partner plc There is no doubt that this is an extremely worrying and challenging time for everyone, with far-reaching health, economic and societal ramifications. Governments and NGOs globally are working around-the-clock to limit the spread of COV-19, and a necessary part of this is the enforcement of some travel bans and restrictions. However, as more and more co...

Hawaiian Airlines to suspend most long-haul passenger service

Hawaiian Airlines, in preparation for a 14-day government quarantine order for all Hawai‘i arrivals set to begin Thursday due to the COVID-19 pandemic, today announced it will maintain its regular flight schedule through Wednesday to allow guests to return home and to accommodate the repatriation of aircraft before finalizing significant reductions of its domestic and international pass...

Emirates suspends passenger operations by 25 March, retains cargo operations

Since the COVID-19 outbreak began, Emirates and dnata have been adapting operations in line with regulatory directives as well as travel demand. The airline has aimed to maintain passenger flights for as long as feasible to help travellers return home amidst an increasing number of travel bans, restrictions, and country lockdowns across the world. It continues to maintain vital international ai...

Etihad Airways flights to Beijing to operate with stop in Xi An

Due to the global spread of the COVID-19 novel coronavirus, the health and aviation authorities of the People’s Republic of China have issued a directive to all international airlines flying to Beijing, instructing them to land in another designated airport in China before continuing to the capital. Effective from Sunday 22 March, Etihad Airways services to Beijing will stop in the city o...

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Essential news

Korean Air places landmark order for 103 Boeing aircraft

Boeing and Korean Air announced that the carrier has finalized a purchase agreement for 103 aircraft spanning Boeing’s widebody and single‑aisle families. The deal includes 20 777‑9, 25 787...