AirBaltic chief executive Martin Gauss, announced that he will give up his salary during the crisis as part of the effort to support the company through the ongoing Covid 19 crisis. Gauss said, “start...
A group of industry associations have written to the EU’s The Directorate-General for Mobility and Transport (DG MOVE) calling for the suspension of consultation and rukle making activities that were ...
The US Senate voted through a financial stimulus package that included nearly $60 in aid for the country’s airline sector, although caps on senior management pay and share buybacks are attached. The g...
The Hong Kong SAR Government has announced that effective from 25 March , non-residents will not be allowed entry into the territory – this includes transit passengers effectively shutting down its ai...
Boeing’s long-term credit rating was downgraded two notches at Fitch Ratings, which cited the "rapid escalation" of the coronavirus pandemic and the effect it's having on the airframe makers business....
The UAE’s National Emergency Crisis and Disaster Management Authority, and the General Civil Aviation Authority (GCAA), have brought forward their directive to suspend all inbound, outbound, and trans...
The European Regions Airline Association, which represents 52 carriers and 148 businesses from the region reiterated its call for government action to deal with the effects of Covid 19 on the aviation...
The UK finance minster has rejected calls from the aviation sector for an industry-wide cash injection, in a letter to companies in which he warned it would onlt receive “bespoke” help to deak with Co...
Air Canada will operate six special flights from Lima, Barcelona and Quito this week to enable Canadians stranded abroad to return home. The flights, operated in collaboration with the Government of C...
The US Government ban on air travel between Europe and the United States could cost US$2bn in lost revenue over the ban’s 30-day period, according to travel data and analytics firm Cirum. Cirium data ...
Fitch Ratings has changed the outlook on Aeroflot’s long-term issuer default rating from stable to negative, it is currently rated at “BB”. Fitch noted that the change in the outlook is due to the i...
The International Air Transport Association (IATA) says there is now virtually no passenger travel in the air, only cargo and said that airlines were in an “apocalypse now” moment and the sector is fa...
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