Airlines

Virgin Atlantic secures emergency investment to fund operation

Cargo shown in the hold of a Virgin Atlantic passenger jet. Virgin Atlantic secured private funding to stave off bankruptcy.

Virgin Atlantic Airways said an emergency funding package and plan to restructure operations will keep it afloat as it tries to withstand a steep loss in business stemming from the coronavirus pandemic.

The British carrier, which is scheduled to restart passenger operations on Monday, said its recapitalization effort is worth $1.5 billion. Private investors and existing creditors are contributing £1.2 billion ($1.35 billion) in financing, while the airline is implementing £280 million ($351...

https://s29755.pcdn.co/news/virgin-atlantic-secures-emergency-investment-to-fund-operation

Airlines seek government help to survive winter doldrums

Close up of a white jet from behind the wing, jet is on the ground.

Airlines need more government help dealing with the fallout from the coronavirus if they are to get through the winter doldrums, when revenues tend to wane, the International Air Transport Association (IATA) said Tuesday. 

The key to survival during the winter is schedule flexibility at large airports and for that airlines say they need relief from use-it-or-lose- it slot rules – authorizations to takeoff and land at busy airports on a particular day during a specified time period. 

Governments...

https://www.freightwaves.com/news/airlines-seek-government-help-to-survive-winter-doldrums

Cargo revenues buoy airlines amid $84b loss for 2020

Cargo pallets on the tarmac and the tail of Swiss Air Lines with white cross on it

Airlines stand to lose more than $84 billion this year, driven by a 50% reduction in revenues, but without the boom in cargo business the industry’s predicament would be even worse, the International Air Transport Association (IATA) said Tuesday in an unprecedented description of the financial tsunami crashing over the industry due to the coronavirus pandemic.

Cargo typically is a small portion of the overall industry, especially for passenger-focused airlines, but not this year. Cargo revenues...

https://s29755.pcdn.co/news/cargo-revenues-buoy-airlines-amid-84b-loss-for-2020

ICAO calls for sanitary sky corridors to expedite critical cargo flights

Pallets of cargo are unloaded from a big plane.

Governments should follow harmonized hygiene standards for crews, aircraft and airport facilities so authorities have the confidence to freely allow passage of air cargo flights with essential medical supplies and food, the International Civil Aviation Organization (ICAO) said Wednesday. Currently such flights face severe delays because of inconsistent border restrictions.

The United Nations agency, with responsibility for managing the administration of international aviation law, is publishing...

https://s29755.pcdn.co/news/icao-calls-for-sanitary-sky-corridors-to-expedite-critical-cargo-flights

DOT doubles progress in human trafficking fight

The U.S. Department of Transportation (DOT) more than doubled a goal staked out earlier this year to get 100 pledges in 100 days to raise awareness of human trafficking in the transportation sector.

Over 200 companies and organizations answered the call for the effort that DOT Secretary Elaine Chao made in January. Those that have signed on to the effort “are joining the Department to ensure that America’s transportation systems are not hijacked to facilitate human trafficking,” said U.S....

https://www.freightwaves.com/news/dot-doubles-progress-in-human-trafficking-fight

Airlines Turn Cargo Planes Owing To Fewer Passengers

  • As passenger flights get cancelled, airlines are moving some of their idle planes into full cargo use.
  • Air cargo is many times costlier than overland shipping or cargo ships, but worth it for fresh or urgent cargo.
  • Cargo and passenger planes are often the same basic airplane models but outfitted differently.

Airlines around the world are cancelling hundreds of thousands of flights as travelers either opt not to travel or are outright banned due to coronavirus, reports Seattle Pi.

But some...

http://mfame.guru/airlines-turn-cargo-planes-owing-to-fewer-passengers/

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