The Coronavirus impact on the aviation Industry

Aug 25, 2020 - 5:48 PM

American Airlines Says It Will Cut 19,000 More Jobs

Some 17,500 furloughs and 1,500 management firings will take effect on October 1 at American Airlines if the U.S. Congress does not extend Covid relief.

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Jun 26, 2020 - 12:49 PM

With Covid-19 transmission rates in the Northeast declining compared to other regional hotspots in the U.S. where the disease is still on the rise, the governors of New York, New Jersey, and Connecticut have issued a joint incoming travel advisory. The notice orders all individuals traveling from states with significant community spread of Covid-19 to quarantine for a 14-day period from the time of last contact within the identified state.

Jun 26, 2020 - 12:06 PM

The FAA yesterday released an extension to a special federal aviation regulation (SFAR) to provide up to three months on certain deadlines surrounding medical, training, and testing requirements.

Jun 26, 2020 - 9:03 AM

KLM is to receive a €3.4 billion ($3.8 billion) financial support package backed by the Dutch government to help it recover from the dramatic fall in revenues resulting from the Covid-19 pandemic. The loans were announced on Friday after being agreed by the board of the airline’s Air France-KLM Group parent late on June 25.

Lufthansa A321
Jun 25, 2020 - 1:33 PM

Lufthansa is set to avoid bankruptcy by drawing on €9 billion ($10.1 billion) in aid from the German government—€6 billion in fresh capital and a €3 billion state-guaranteed loan—after the group secured formal approval from European Union antitrust regulators and shareholders for the bailout. At an extraordinary general meeting that concluded late on Thursday, 98 percent of voting shareholders approved the move. 

Qantas Boeing 747
Jun 25, 2020 - 10:22 AM

Qantas has unveiled a three-year recovery plan through which it aims to cut costs by A$15 billion ($10.4 billion) by a mix of measures including 6,000 job cuts and the grounding of around 100 aircraft for at least 12 months. In a June 25 statement, the company also said it will seek to raise around $1.3 billion through a new equity issue.

Hi Air ATR72-500
Jun 25, 2020 - 5:43 AM

South Korean regional airline Hi Air is doubling the size of its fleet with the purchase of two more ATR 72-500 twin turboprops. The carrier, which was formed in 2019 and started operations in February 2020, announced the acquisition on June 24 and said that the aircraft will enter service in August and October. It is purchasing the turboprops from ATR's asset-management portfolio.

XOJet
Jun 24, 2020 - 5:23 PM

While the effects of the Covid-19 pandemic on business aviation are still being felt, XOJet Aviation executives decided from the onset of the virus in the U.S. that the charter operator would not idle hundreds of workers. Many of them were new to the company, which right before the pandemic was adding new jobs and completing a cross-country headquarters relocation.

Kopter SH09 helicopter prototype 3
Jun 24, 2020 - 11:02 AM

Leonardo subsidiary Kopter announced yesterday that flight testing of the third SH09 light-single helicopter prototype—dubbed P3—restarted in Pozzallo, Italy, last week. The Kopter flight test and prototype maintenance teams arrived in Pozzallo earlier this month to prepare P3 to resume flight tests that had been halted March 10 due to Covid-19.

Jun 24, 2020 - 10:19 AM

Quarantine requirements unilaterally imposed by individual countries are proving to be as damaging to the air transport industry’s efforts to recover as full-blown travel bans, according to the International Air Transport Association (IATA).

Random boarding
Jun 23, 2020 - 4:46 PM

While many airlines have adopted practices such as keeping middle seats open and boarding from back to front in response to the Covid-19 pandemic, preliminary academic research suggests that random boarding may be a better approach to limiting exposure rates.