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U.S. Airlines Agree to Bailout Terms, Receive Billions from Treasury Department

The United States’ major airlines have agreed to terms on a $25 billion bailout package from the U.S. government. The U.S. Treasury Department says that Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines will participate. The money is primarily intended to […]

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Hong Kong Government Offers Financial Help to Aviation Industry

As a result of the coronavirus crisis around the globe, travel demand has plummeted to a new low. Hong Kong International Airport (HKIA), a transportation hub in Asia, recorded a total number of 228 arrival passengers on April 12 and only eight foreign visitors among them. In response to the low demand, the airport has […]

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Ethiopian Banking on Cargo Operations and Business Ventures as its Recovery Plan, Dismisses Plans for Fleet Expansion

Cargo business now seems to be the new normal for airlines trying to navigate this COVID-19 pandemic now that there is reduced passenger demand, with Ethiopian Airlines now seemingly headed in the same direction to ensure its survival having lost $550 million between January and April. The airline CEO Tewolde GebreMariam’s talks involve being cautiously […]

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Polish Carrier LOT Abandons Plan to Take Over Condor

LOT’s parent company Polish Aviation Group (PGL) has decided not to buy German holiday company Condor, a move that brings no real surprise following the impact the COVID-19 pandemic has had so far on the aviation industry. The state-owned group had announced its intention to buy Condor for around €300 million ($327 million) back in […]

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The Process of Preparing Aircraft for Long-Term Storage

With COVID-19 decimating the travel industry, demand has dropped to almost nothing. Planes have been sent to storage for who knows how long. Many aircraft will be brought into service as demand picks up but some will be kept in storage longer since it will likely take some time before demand returns to normal. However, […]

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American Reduces Pilot Workforce by 40 Percent

The COVID-19 pandemic has dramatically reduced travel demand across the United States and throughout the world. Recently the United States has seen record low numbers of passengers traveling with passenger counts nationwide dipping below 100,000 earlier in the week. In response to this dramatic drop in demand, airlines have been seeking measures to reduce costs […]

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Belgian Carriers to Remain Grounded Until Mid-May or Later

Belgian flag-carrier, Brussels Airlines, and Air Belgium have both announced extensions to their entire flight suspensions in light of the unsolved situation with the new coronavirus pandemic. Brussels has extended its grounding until at least May 15. Air Belgium has extended its suspension even further; light operations won’t restart before June 3. Brussels Airlines, a […]

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LATAM Brasil CEO Expects Pre-Crisis Levels in ‘Two or Three Years’

In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control? When demand started falling off a cliff, executives were optimistic about the […]

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