Impact of the coronavirus crisis on aviation

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Re: Impact of the coronavirus crisis on aviation

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sn26567 wrote: 06 Apr 2021, 17:26 Air France-KLM announces the following measures in relation to Air France, which have been approved by the EU in its decision to authorize a €4 billion French State measures to recapitalise Air France and its Holding company. The Netherlands is still in talks regarding potential capital-strengthening measures for KLM. Additional measures to further strengthen the Group’s capital are currently under consideration. Additionally, the French state-backed loan of €4 billion has been extended with a final maturity date in 2023.

Air France-KLM expects the operating result for 1Q 2021 to be around negative €1.3 billion, and EBITDA to be around negative €750 million.

https://www.aviation24.be/airlines/air- ... aris-orly/
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Bangkok Airways anticipates it will not return to profit until 2024, though it sees investment opportunities in MRO services in the Eastern Economic Corridor for long-term growth.

Qatar Airways called for countries to safely reopen borders, with its chief executive Akbar al-Baker warning that more airlines would need state aid in 2021 to avoid going bust.

SKY Airline of Chile will suspend its flights to international destinations during April 2021, leaving only some frequencies of its Santiago – Lima route operational after the government shutdown borders.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Austral will receive new financial support from the State, with a loan guarantee of €30 million.

IATA says airlines will fight attempts by suppliers and airports, including London Heathrow, to cover pandemic losses by raising charges.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Malta, as well as other airlines, will be allowed to resume international flights in/out of Malta from June 2021.

Aircalin of New Caledonia will need state financial support, says CEO Didier Tappero, as the carrier does not envisage a return to normal traffic before 2024.

BRA to start flying most of its domestic routes, mainly to and from Stockholm Bromma, starting on 12 May 2021.

Jet2.com postpones resumption of flights to 24 June due to continuous uncertainty.

https://www.aviation24.be/airlines/jet2 ... o-24-june/

Southwest Airlines is recalling over 2,700 flight attendants to support its summer 2021 schedule, ending a voluntary furlough programme introduced during the pandemic.

Morocco closes its airports and airspace until 10 May 2021, with the sole exception of overflights, medical flights and cargo flights.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Caraibes of French Caribbean island of Guadeloupe and sister carrier French Bee are asking the French State for help to be on par with its competitors, ensuring that they are the only ones in their sector not to have yet obtained public support.

Air India operated a flight from Delhi to Sydney on 10 April 2021, soon after the announcement that the New Zealand government decided to suspend travel from India.

IATA Regional VP for Africa and the Middle East, Kamil Al Awadhi, says several airlines in the Middle East face a heightened risk of bankruptcy – despite the industry receiving US$4.8 billion in government aid in 2020.

Qantas may not be able to restart international flights on 31 October 2021 as the government is unsure it will meet its vaccinations target.

Saudia is preparing for full-capacity operations on 17 May 2021 ahead of the lift of the travel ban.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Canada announced that it has entered into a series of debt and equity financing agreements with the government of Canada, which will allow the carrier to access up to US$4.6 billion in liquidity through the Large Employer Emergency Financing Facility program. As part of the financial package, Air Canada issued an aggregate of 14,576,564 warrants exercisable for the purchase of an equal number of Air Canada shares. The airline will also complete its acquisition of 33 A220s and existing firm order of 40 B737 MAX.

https://www.aviation24.be/airlines/air- ... nd-equity/

Air France-KLM launches a capital increase without shareholders’ preferential subscription rights, by way of a public offering and with a 3-day priority subscription period on an irreducible basis and on a reducible basis granted to existing shareholders, for an amount of approximately US$1.1 billion, which may be increased to a maximum amount of $1.35 in the event of the exercise in full of the increase option.

EasyJet is eyeing future growth across European airports by securing take-off and landing slots from struggling rivals. London Heathrow flights may be on the cards as well.

SKY Airline of Chile says it has managed to overcome the crisis by renegotiating financial commitments. In addition, it is evaluating new financing alternatives to obtain fresh resources, while remaining open to the issuance of debt in the market. The idea of ​​the bond is also still alive, but there are other options, which the carrier is exploring.

Bangladesh has issued a week-long ban on international and domestic air travel on 14 April 2021, with the possibility of extension, due to a surge in coronavirus cases in the country.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Canada is extending its suspension of most sun destination flights to the Caribbean and Mexico until 04 June 2021.

Qantas CEO Alan Joyce believes the airline will reactivate its entire fleet of 12 A380s once the pandemic subsides.

Qantas has seen domestic leisure travel rebound to pre-pandemic levels, but demand in the corporate travel market is lagging about three months behind. The airline plans to fly 80% of its pre-pandemic domestic capacity in the quarter ending 30 June 2021.

Volaris of Mexico plans to reduce its costs by US$100 million due to the pandemic. Some of the savings will come via payment deferrals and optimisation of its fleet.

Israel will be reopening its borders to international travellers on 23 May 2021 after more than a year.
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Re: Impact of the coronavirus crisis on aviation

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Daily review:

Air Malta sold its brand name to the government for US$25 million, as the carrier needs capital. Malta asked the EU for permission to pump US$347 million into the struggling airline, while it works on a five-year financing plan for the company.

AirBaltic could request additional funding from the state in the amount of US$60-120 million in 2021, according to information published in the company’s last year’s financial report. The carrier will take delivery of seven more A220-300s in 2021.

Cathay Pacific said a relaxation of quarantine requirements for its cargo crews would help to boost air freight capacity and lower its cash burn at a time when it has only a skeleton passenger service.

Qatar Airways confirms it took an impairment on five of its A380s, which will not return. The remaining five may also suffer the same fate depending on how long the pandemic lasts.

Portugal’s government plans to inject €1 billion into TAP in 2021, a measure classified as temporary and whose effect on public accounts is reversed in 2022 and 2023,
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