Coronavirus

The board of Vietnam Airlines has approved a proposal for the flag carrier to issue VND8 trillion ($346 million) worth of new shares to tide it over for 2021.

If an industry premised on uniting humanity cannot gather, then what hope is there? The answer is: Plenty, just a little less for salespeople.

Airlines For America (A4A) is urging the U.S. government to expand required testing of international airline travelers for COVID-19 and lessen restrictions on travel between the U.S. and foreign destinations.

France plans a recapitalization for Air France-KLM to help it face up to the post-COVID-19 operating environment, transport minister Jean-Baptiste Djebbari said Jan. 3.

AVIATION CAPITAL GROUP closed $500m unsecured loan with Mizuho Bank that Matures in December 2023.

AIR BELGIUM returned one (938) of its four leased A340-300s to Airbus Financial Services; two others are in storage.

BAUER AVIATION ADVISORY opened consulting office in Dubai to help Middle East’s aviation sector navigate impact of pandemic and overcome challenges.

QATAR AIRWAYS CARGO took delivery of three new 777Fs (66340/66341/66870) on same day last week, and now has 24.

Canada is adding another layer onto its travel restrictions through a requirement that all travelers entering the country must present a negative COVID-19 test while maintaining a mandatory 14-day quarantine.

BOMBARDIER completed previously announced acquisition of remaining stake in LUFTHANSA BOMBARDIER AVIATION SERVICES from Lufthansa Technik and ExecuJet

European air traffic is set to return to just 51% of 2019 levels in 2021 according to the latest forecast by the continent’s network manager Eurocontrol, highlighting the challenges European airlines face as the new year gets underway.

The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.

Wizz Air Abu Dhabi, a joint venture between the Hungarian ULCC and Abu Dhabi state holding company ADQ, will begin operations later this month with flights from the emirate to Athens.

The European Commission (EC) has approved €73 million ($90 million) in Italian state support awarded to Alitalia to help the airline offset losses

COVID-19 may force companies to change their supply chains, workforces and digital resilience.

Air shows are primarily about the enormous and intricate industry that creates ever-improving platforms and systems.

AVIC forecasts delivery in China of 7,576 civil aircraft (898 regional/5,080 narrowbodies/1,598 widebodies) over next 20 years; it expects

DAE repurchased US$100m of outstanding common shares.

BRITISH AIRWAYS secured 5-year term-loan Export Development Guarantee Facility of £2b, underwritten by a syndicate of banks, partially guaranteed by

REPUBLIC OF SERBIA increased its stake in AIR SERBIA from 51% to 82% as part of recapitalization to combat COVID-19 crisis. ETIHAD now owns 18%.

AIR CANADA closed previously announced public offering of 35.4m Class A/B voting shares, grossing about C$850m (SPNWS; Dec 18).

FLIGHTAWARE reports 42.2% year-over-year decline in global flight activity during 10-day Christmas holiday period.

AEROMEXICO cited progress in union negotiations to combat COVID-19 crisis.

US TSA screened 1.28m pax on Dec 27 (highest volume since start of pandemic).

CIRIUM says COVID-19 pandemic and its consequences wiped out 21 years of global passenger traffic growth, reducing 2020 traffic to levels last seen in