Aviation Daily Roundup: April 23

Nordic Aviation Group Eyes Funding Options After LOT Declines To Help

Credit: Credit: Nordic Aviation Group

Estonia’s Nordic Aviation Group (NAG) is considering its options for subsidiary Regional Jet after co-owner LOT Polish Airlines refused to participate in a much-needed capital increase.

Thai Airways-Airbus MRO Project In Doubt As Proposal Deadline Passes

Credit: Airbus

After missing a March 6 deadline to submit its proposal for an MRO joint venture (JV) with Thai Airways at U-Tapao Airport, Airbus has now missed the new April 20 deadline as well.

Conflict Over Onboard Social Distancing Emerges In Europe

European airlines are warning of the potential effects of social distancing measures onboard aircraft as the industry begins planning for how to restart air transport in the region.

Air France-KLM CEO To Forego Bonus, Wants Faster Restructuring

Credit: Air France-KLM

Air France-KLM’s CEO Ben Smith said he would forego his 2020 bonus and promised to speed up restructuring as the airline group moved closer to securing a multi-billion-euro state-guaranteed loan from France.

Mitsubishi Heavy Industries To Suspend 787 Work For Up To 10 Days

Credit: Boeing

Mitsubishi Heavy Industries has said it will suspend its production for the Boeing 787 program for up to 10 days in May.

Delta Looks To Raise $3B Amid Coronavirus Crisis

Credit: Credit: Rob Finlayson

Delta Air Lines is looking to Wall Street for $3 billion in additional financing, in an attempt to bolster its cash reserves while revenues remain badly depressed by the COVID-19 pandemic.

Lufthansa Confirms It Needs State Aid To Survive

Credit: Lufthansa

Lufthansa Group said April 23 that it needs financial assistance by its home countries to be able to survive as it cannot get sufficient access to additional liquidity in financial markets.

Qatar Airways Staff Taking Half-Salaries Amid COVID-19 Crisis

Credit: Joe Pries

Senior and mid-ranking Qatar Airways staff are being asked to forego 50% of their salaries over coming months, with the promise that the deferred portion will be paid to them as soon as the airline is in a position to do so.

Volga-Dnepr Predicts Sustainable Air Freight Demand Post-COVID-19

Credit: Joe Pries

While Russia’s passenger air traffic has almost ground to a halt because of travel restrictions, the country’s largest cargo carrier Volga-Dnepr Airlines is operating at capacity to help combat COVID-19 at home and abroad.

Southwest CEO Looks To ‘Exhaust All Efforts’ Before Shrinking Workforce

Credit: Southwest Airlines

Southwest Airlines chairman and CEO Gary Kelly pledged the company would “exhaust all other efforts” before shrinking its workforce but cautioned such reductions may eventually be needed amid the extensive downturn caused by the COVID-19 pandemic.

FAA Will Adjust Operating Hours At 100 Airport Towers

Credit: McCarran International Airport

The FAA will adjust the operating hours of 100 airport towers to “ensure resiliency” of the air traffic control (ATC) system and protect employees during the coronavirus pandemic, the agency announced.

Boeing Unveils Changes Atop Commercial Programs, Supply Chains

Credit: Credit: Boeing

Boeing has tapped Mark Jenks to lead a new Airplane Programs organization that the company expects to ensure both consistency and efficiency throughout its core commercial aircraft production efforts—one of several changes announced by the company’s leadership aimed at aligning similar businesses.

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