The Aeronautical Repair Station Association is seeking a relief package of tax credits and $11 billion in grants and loan guarantees from the federal government in the wake of the effects of the Covid-19 pandemic. The association, which represents FAA-certified repair stations and parts manufacturers and distributors, outlined its request in a letter yesterday to President Donald Trump and congressional leaders.
The Coronavirus impact on the aviation Industry
Mar 18, 2020 - 6:15 AM
The European Union (EU) last night implemented new travel restrictions excluding most non-EU citizens from entering its member states for at least 30 days. The ban will not include long-term residents, people working in essential services, diplomats, and cross-border commuters. Also exempt are citizens of Iceland, Liechtenstein, Norway, and Switzerland, as well as the UK, which left the EU in January.
Mar 17, 2020 - 5:19 PM
With the general aviation industry one of many feeling the pinch as a result of the burgeoning Covid-19 crisis in the U.S., a coalition of industry organizations including NBAA, NATA, GAMA, HAI, EAA, and AOPA issued a written plea to Congress asking for relief assistance.
Mar 17, 2020 - 5:14 PM
St. Louis-based Trans States Airlines plans to cease operations on April 1, marking the first airline casualty of the Covid-19 crisis in the U.S. The United Express regional partner had planned to draw down operations gradually before going out of business by the end of the year, but United Airlines has decided to accelerate the closure as part of its 50 percent reduction in flying in April and May.
Mar 17, 2020 - 12:29 PM
European business aviation flights ebbed 0.8 percent year-over-year in February, a decline that WingX said, in part, reflected the effects of Covid-19. The drop in February chipped away at gains made a month earlier, but traffic through the first two months of the year remained 1.7 percent ahead of 2019, according to WingX’s latest monthly Business Aviation Monitor.
Mar 17, 2020 - 12:26 PM
Airports Council International (ACI) World on Tuesday called for a coordinated global alleviation of airport slot usage requirements until June 30, 2020. The call comes amid piecemeal efforts among different jurisdictions to ease the requirements, most notably in the U.S. and Europe.
Mar 17, 2020 - 11:09 AM
In the spirit of helping its industry peers during this time of crisis, Luxembourg-based services provider Luxaviation has launched the European Business Aviation Solidarity Initiative (EBASI), a move that will make its administrative, financial, and procurement resources available to its competitors for the next three months. It will allow any participating jet operators to receive, where possible, the same pricing that Luxaviation receives from its suppliers and use the same payment terms.
Mar 17, 2020 - 9:49 AM
Airbus said on Tuesday that it has “decided to pause production and assembly activities” for the next four days at its production plants in France and Spain as it implements measures to protect workers while it assesses the wider COVID-19 coronavirus situation, which has brought much of Europe to a standstill. It said “assessments are ongoing” relating to other manufacturing sites.
Mar 17, 2020 - 9:25 AM
Etihad Airways on Tuesday said it would boost cargo capacity to markets suffering from decreased passenger operations or travel bans resulting from the Covid-19 outbreak. The moves come as Etihad Cargo announced its freighter schedule for the IATA summer season, during which it plans to boost capacity to several of its cargo gateways.
Mar 16, 2020 - 2:02 PM
U.S. airline trade group Airlines for America (A4A) on Monday called for a massive relief package from the federal government to help its members survive a mounting liquidity crisis caused by the Covid-19 outbreak. The group has asked for a package of financial relief measures including a $25 billion grant for Part 121 passenger air carriers to compensate for reduced liquidity expected this year due to the novel coronavirus. It has also asked for a $4 billion grant for Part 121 cargo carriers to cover the same time period.
