The latest estimates from the International Air Transport Association (IATA) indicate a worsening of the country impact from the COVID-19 crisis in the Asia Pacific region. On April 14, 2020, IATA released updated analysis showing that the COVID-19 crisis will see global airline passenger revenues drop by US$314 billion in 2020, a 55% decline compared
Moscow Domodedovo Airport has set up a coronavirus testing service. Passengers can take the test at the airport’s medical care facility. The testing procedure takes approximately 15 minutes and the results will be sent via email. Passengers have to provide an ID-card to take the test and have to be free of symptoms of respiratory
Following the release of the International Civil Aviation Organization’s (ICAO) air travel forecast projecting a 1.2 billion travelers drop and US$160 billion to US$253 billion in revenue losses for the air travel industry in 2020. Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the future
On October of last year, the probe by European Union antitrust regulators into Boeing’s acquisition of the commercial aircraft arm of Brazilian Plane manufacturer Embraer came to a halt as it waited for the provision of additional documentation that had been requested. This so-called “stop the clock” intervention ended on April 7 this year after
The International Air Transport Association (IATA) has called for governments to work with the industry on confidence-boosting measures in the face of an anticipated slow recovery in demand for air travel. “Passenger confidence will suffer a double whammy even after the pandemic is contained—hit by personal economic concerns in the face of a looming recession
EU-authorized benchmark administrator the Baltic Exchange has partnered with air cargo pricing publisher TAC Index Company of Hong Kong. The Baltic Exchange and TAC will provide new regional general air cargo rate assessments. TAC’s Regional General Air Cargo Indices will be rebranded as the Baltic Air Freight Index (BAF Index) powered by TAC Index and
The International Air Transport Association (IATA) has renewed its calls for a coordinated approach among governments to keep air cargo flowing. Delays in permit approvals, quarantine measures for air cargo crew and insufficient support on the ground continue to hamper the movement of cargo flights carrying vital medical supplies and other necessities. Many governments and
Stelios Haji-Ioannou, founder of Europe’s second-largest low-cost carrier easyJet, is looking to oust the carrier’s current chief financial officer, Andrew Findlay, and non-executive director Andreas Bierwirth, in an attempt to have an order for 107 jets with Airbus canceled. Haji-Ioannou was opposed to the purchase of the jets, valued at approximately US$5.5 billion, from the
Etihad Airways, the national airline of the UAE, will partner with Australian company Elenium Automation to trial new technology which allows self-service devices at airports to be used to help identify travelers with medical conditions, potentially including the early stages of COVID-19. Etihad will be the first airline to trial the technology, which can monitor
Embraer has released that it is working in partnership with companies and research centers on technologies that can increase the availability of equipment and solutions to combat COVID-19 in Brazil. The actions, developed jointly with Embraer’s supply chain, include the manufacturing of parts for the ventilator and respirator industry, the replacement of imported components for
