- Lufthansa in Advanced Talks for State Rescue Deal Worth about US$10 Billion[May 21, 2020]
Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to EUR 9 billion (US$9.9 billion), including the state taking a 20% stake in the company.
- Thales Announces That SF Airlines Will Retrofit Their Aircraft With Thales/Acss Avionics to Improve Air Traffic Efficiency and Capacity[May 20, 2020]
SF Airlines has selected Thales and ACSS as the exclusive equipment supplier for airborne ADS-B (Automatic Dependent Surveillance-Broadcast) equipment for its fleet to improve air traffic efficiency and capacity, in an active response to CAAC's (Civil Aviation Administration of China) call for implementation of ADS-B technology.
- Hyderabad International Airport Welcomes First Cargo Route Linking Africa[Apr. 27, 2020]
On Sunday Apr. 26, India's Hyderabad International Airport welcomed a cargo flight operated by Ethiopian Airlines, which marks the official opening of airport's first cargo route linking Africa, according to Indian media reports.
- Israel's El Al Extends Passenger Flight Suspension until May 9[Apr. 26, 2020]
El Al Israel Airlines on Sunday extended its suspension of scheduled passenger flights by a week until May 9 but said it will operate a number of special flights to and from the United States and Europe.
- RwandAir Cuts Salaries by 8-65% Due to Coronavirus -Internal Memo[Apr. 26, 2020]
Rwanda's RwandAir will cut the salaries of its lowest paid employees by 8% and by 65% for its top earners as it seeks to survive the coronavirus crisis, an internal memo seen by Reuters on Sunday showed.
- After Betting Its Future on Boeing, Jetmaker Embraer Scrambles for Elusive Plan B[Apr. 27, 2020]
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
- Boeing Hit by Cancel Orders of Max Jets[Apr. 21, 2020]
China Development Bank (CDB) Financial Leasing Co said Monday it canceled an order for 29 Boeing 737 MAX jets, dealing another blow to the US giant and its stock.
- Virgin Australia Falls To Virus Crisis, Appoints Administrator to Find Investor[Apr. 21, 2020]
Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia's second-biggest airline the Asia-Pacific region's biggest victim of the coronavirus crisis gripping the industry.
- Virgin Australia Suspends Trading to Continue Talks over Rescue Package[Apr. 16, 2020]
Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis.
- Jet Fuel Demand to Remain Low As Airlines Buckle up for Tough Ride[Apr. 15, 2020]
Demand for flights and jet fuel could take years to recover from the coronavirus crisis as airlines struggle to survive their worst downturn, haunted by possible changes in the habits of tourists and business travellers.