The aviation industry was flourishing fuelled by global economic growth and business and leisure travel before the COVID-19 pandemic. The coronavirus outbreak, however, brought the global aviation industry to a grinding halt as countries closed borders and temporarily closed their skies for international air passengers. More than 70% of global aviation fleet is grounded dueRead More

Magnetic MRO, a Total Technical Care and asset management organization, has announced the recent successful completion of their first virtual inspection on the aircraft as part of the pre-lease preparation. As the company’s representatives states, this inspection signify industry’s resilience and ability to adapt to the changed norms in the aviation industry. Since the globalRead More

Singapore Technologies Engineering (ST Engineering) has won nearly $900 million of aerospace related contracts in the first quarter of 2020. The group’s Aerospace sector secured about $838m across its spectrum of aviation manufacturing and MRO businesses. The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from Chinese airlines, and a componentRead More

Cathay Pacific, the flag carrier of Hong Kong, has finally received some good news as the Government of Hong Kong announced a HK$27.3 billion (US$ 3.5 billion) bailout package for the airline, consisting of loans and share purchases. This news comes as a major relief for the airline as Cathay Pacific has been through aRead More

Lufthansa Group’s Austrian Airlines announced that it has received several sources of financial aid to see it through the difficulties of the pandemic. The funding, which will come in the form of loans and investment, is badly needed right now as many airlines have been operating at 10 percent of normal capacity or less. “AustrianRead More

Malaysian prime minister Muhyiddin Yassin has appointed Wan Zulkiflee Wan Ariffin group chairman of Malaysia Airlines’ parent company, Malaysia Aviation Group (MAG), effective 1 July. Muhyiddin announced on 6 June that Wan Zulkiflee will succeed Md Nor Yusof, who resigned from the carrier in March 2019. Concurrently, Muhammad Taufik Aziz, the group chief financial officerRead More

For the first time in over four months, Chinese carriers transported more than one million passengers on 5 June, marking a gradual recovery for the industry after being hard hit by the coronavirus outbreak. The Civil Aviation Administration of China (CAAC) states that domestic carriers flew about 1.04 million passengers that day,  about 38% lowerRead More

As international flights resume around the world, all airlines are instituting measures to assure passengers of flying safely in the midst of the coronavirus pandemic. Turkish Airlines, which has established an extensive international network over the past few years is inching back after a two month shutdown, starting domestic flights tomorrow and flights to sixRead More