coronavirus

In an official statement released this morning, Boeing has announced that it is terminating the efforts to establish a joint venture with Brazilian builder Embraer, after denouncing the latter has not met the conditions for consolidation in due time. Both companies started formal talks about a joint venture regarding the Embraer E2 series, the next […]

In hopes of keeping some industries afloat, the Australian government has created the International Freight Assistance Mechanism in hopes of keeping some trade routes open for those seeking high demand, limited lifespan items. The project has been agreed upon by Hon Michael McCormack MP, Minister of Infrastructure, Transport and Regional Development alongside Hon David Littleproud […]

The International Air Transport Association (IATA) has predicted that European airlines will see demand drop by 55 percent in 2020 compared to 2019 and potential revenue losses will total $89 billion. The association revised its loss prediction of $76 billion made last month as the impact of the novel coronavirus global pandemic on the airline […]

The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian Airlines, Virgin Australia and South African Airlines are facing bankruptcy and other airlines like Alitalia […]

Lufthansa Technik, the MRO division of Lufthansa Group, obtained approval from the German Federal Aviation Authority for an Engineering Order Specific Tailsign for four Airbus A330-300 passenger aircraft belonging to Lufthansa. These aircraft will be put to service in the cargo division of the German airline to transport medical products due to the increasing demand […]

The board of directors of Air Mauritius Limited met this Wednesday to disclose the state of the company’s finances due to the COVID-19 pandemic. Then, it was reported that the operational disruptions related to the coronavirus make it impossible for the airline to meet its financial obligations “in the foreseeable future.” In a press release […]

It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year as no event in the past century; Norwegian’s Danish and Swedish subsidiaries have filed for […]

Latvia’s airBaltic has begun talks with Airbus to accelerate deliveries of Airbus A220 airplanes that the airline has on order. airBaltic currently has an order of 50 planes set to be delivered by 2025, but the delivery timeline could condense to just a couple of years. At a time when major airlines around the world […]

The COVID-19 pandemic has halted the majority of airline operations around the globe. London’s Stansted Airport, the fourth busiest airport in the U.K., has taken the time as a chance to keep enhancing its facilities for the future. The airport is spending 11 days to resurface its 3,048-meter runway from Apr. 14. According to Kathy […]

Virgin Atlantic founder Sir Richard Branson has stated in a public letter that he is willing to offer his private island as security against any deal from the U.K. government. Although the tycoon has committed $250 million of his own money, Virgin Atlantic says it requires around an extra $615 million in commercial loans. The […]