Boosting passenger confidence and creating a sense of well-being aboard aircraft are priorities of cabin interior specialists in the slow recovery from the COVID-19 crisis.
A cross-section of groups from across the U.S. aviation industry called on the Biden administration to develop a risk-based roadmap for rescinding international travel restrictions by May 1.
Airlines in the Philippines are canceling many domestic and international flights amid new government-imposed travel restrictions impacting major metropolitan areas.
Glyn Hughes, director general of The International Air Cargo Association (TIACA), discusses the challenges faced by the air cargo industry during the pandemic, from mobilizing to deliver COVID-19 vaccines globally to coping with the reduction in passenger aircraft belly capacity.
By Jens Flottau, Ben Goldstein, Helen Massy-Beresford, Adrian Schofield
The novel coronavirus pandemic would surely have led to many more airline bankruptcies had it not been for the massive financial support by governments.
The government plans to purchase $210 million worth of advance tickets for security personnel at airports to which El Al and Sun d’or will fly to over the next 20 years.
Copenhagen Airport (CPH) said it has struck an agreement with its airlines that provides the necessary platform for a restart of traffic and routes to Denmark’s capital.
Given the massive financial losses at many European hubs as a result of COVID-19, Vienna Airport (VIE) got off relatively lightly in announcing a loss of €76 million ($90 million) for 2020.
Business aircraft activity in North America was down 12% in February compared to a year ago, while European activity fell 31%, according to Argus data. Compared to January, activity in North America was down 4.4%, while activity in Europe was down 2.6% compared to the previous month, Argus said.
International Airlines Group (IAG) plans to issue two series of senior unsecured bonds as it seeks to bolster its financial position in the continuing coronavirus pandemic.
Deliveries of Western-built, turbine-powered helicopters are projected to total 6,376 units valued at $30.4 billion over the next 10 years, resulting in a compound annual growth rate of 1.4% for the in-service fleet, according to Aviation Week Network’s Helicopter Fleet & MRO Forecast.
AirAsia Group has raised MYR336.5 million ($82 million) following the completion of a two-tiered private share placement, part of a broader plan to raise MYR2-2.5 billion to save the struggling LCC operator which has been battered by the pandemic.
ATR’s earlier hopes that regional turboprops would spearhead the recovery have yet to materialize, and management now only expects a slight upturn this year on the extremely slow sales it reported for 2020.
The European Commission (EC) has approved a state loan to another European flag-carrier as a result of the coronavirus pandemic wreaking havoc on airline finances.
A year after the coronavirus pandemic forced airlines to shut down much of their operations, governments have pumped $215 billion in financial support into the sector, according to IATA.
The past year has been “pretty brutal” for the aviation industry, with the COVID-19 pandemic disrupting supply chains and aircraft deliveries, but “we’re going to come out of it just fine,” says Richard Aboulafia, Teal Group vice president of analysis.
