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European Union must act now - aviation industry is facing an unprecedented liquidity crisis

British Airways joins the community fight against COVID-19

British Airways is joining the response against Covid-19 with a company-wide taskforce who will bring their skills and expertise to communities across the UK to help the fight against the COVID-19 virus. The current reduction in the number of flights means British Airways is in the position of...

Lufthansa Group extends repatriation flight schedule until 3 May

Due to the continuing travel restrictions, Lufthansa decided to extend its repatriation flight schedule, which was originally scheduled to run until 19 April, until 3 May. This also means that all remaining flights of the original flight schedule between 25 April and 3 May will be cancelled. Fl...

New player on cargo transportation market - Avion Express

Originally established as a cargo and passenger airline back in 2005, Avion Express, leading ACMI operator with 15 years of experience, announced re-entering the airfreight market. This move comes as a response to a rapidly changing situation in the market. Although commercial passenger flights were suspended around the world due to coronavirus pandemic, cargo-carrying flights are in huge dem...

Europe leading airlines have self-help options to survive industry cash crunch

Europe’s largest airlines have important self-help options open to them to help stave off the liquidity crisis brought on by the Covid-19 pandemic despite the spectre of mass bankruptcy hanging over the industry and calls for urgent government assistance. Scope Ratings says the longer-term challenge for surviving airlines is that they will be operating in a much changed and less favoura...

Russia may send plane with medical equipment to US by day-end to assist COVID-19 fight

A Russian aircraft with medical equipment and protective equipment may fly to the United States before the end of the day to provide assistance to the country amid the coronavirus pandemic, Kremlin spokesman Dmitry Peskov said on Tuesday. "Today, technical coordination was conducted, and preparations were underway to send an aircraft from Russia [to the US], which is expected to leave by t...

Lufthansa agrees on short-time work

Lufthansa has signed agreements with its works council and trade unions to introduce short-time working for cabin and ground staff in Frankfurt and Munich. This also applies to the management. An agreement with the pilots union “Vereinigung Cockpit” has not yet been reached.  The extent of reduced working hours is determined for employees depending on the loss of work and can be u...

Avia Solutions Group has finalized the acquisition of Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% stake ownership of the company’s shareholdings. On the 31st of March 2020, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalised. Gediminas Zie...

Aviation industry - will 2 years be enough to recover?

The recent outbreak of COVID-19 has sent aviation industry into a nosedive. With project revenue losses for airlines in 2020 estimated to be around US$252 billion, for some the future of the industry may look bleak. The novel coronavirus has shaken up airlines’ schedules all around the globe. Lufthansa Group intends to ground 700 aircraft from their fleet of 755 aircraft. At the same time...

Russia suspends air flights with other countries

Chairman of Russia’s Government Mikhail Mishustin on Thursday ordered the Federal Air Transport Agency (Rosaviatsiya) to cease regular and charter flights from Russian airports to foreign countries and backward starting March 27. "To ensure suspension of regular and charter air transportation from the Russian airports to the airports of other states and back starting from midnight, M...

airBaltic Carries Face Masks and Respirators to Latvia

After a request from National Health Service of the Republic of Latvia this weekend airBaltic performed a special cargo flight to and from Ürümqi Diwopu International Airport in China, bringing 900 000 face masks and 80 000 respirators made in Zhengzhou and Yiwu regions to Latvia. The special flight with airBaltic Airbus A220-300 registered as YL-C...

Air Canada begins Cargo-only flights carrying vital supplies, necessary goods

 Air Canada said today that through its Air Canada Cargo division it has begun using its aircraft to operate cargo-only flights to Europe, with other flights planned for Latin America and South America. The aircraft on these flights carry no passengers but move time-sensitive shipments, including medical supplies to combat COVID-19, and goods to support the global economy....

How much air transport industry will lose due to COVID-19

IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 billion or 44% below 2019’s figure. This is in a scenario in which severe travel restrictions last for up to three months, foll...

Fitch affirms Aeroflot's long-term credit rating

Fitch Ratings has affirmed PJSC Aeroflot’s long-term issuer default rating at “BB” as part of its annual review of the airline’s credit ratings. The outlook has changed from “stable” to “negative”. Fitch noted that the change in the outlook is due to the impact of COVID-19 on the Company's metrics “in 2020, which is consistent with a sim...

Norwegian fulfils criteria for initial NOK 300 million in guarantee from the Norwegian Government

Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the subsequent stock exchange notice from Norwegian Air Shuttle ASA (the “Company” or “Norwegian”). Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a gu...

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airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...

Elevating Nevis: Premier Mark Brantley on aviation, tourism and economic transformation

Few infrastructure projects have the potential to reshape an island's future quite like the ongoing transformation of Nevis Airport. To gain deeper insight into this ambitious development and the...

Embraer delivers first E175 with new RECARO cabin interior to American Airlines

Embraer has delivered the first E175 fitted with next-generation RECARO passenger seats to American Airlines, marking another step in the ongoing modernization of one of the world's most successfu...

Qantas Freight and Australia Post expand air cargo capacity with Airbus A321 freighter in western Sydney

Qantas Freight and Australia Post have entered the next chapter of their long-standing partnership with the arrival of the first of three additional Airbus A321 Passenger-to-Freighter (A321P2F) aircra...

Turkish Airlines and CFM sign landmark MOU for more than 600 LEAP-1B engines

Turkish Airlines has taken another major step in its fleet expansion strategy with the signing of a Memorandum of Understanding with CFM International for more than 300 LEAP-1B engines and a long-term...