Rolls Royce is facing the brunt of the growing aviation crisis as, the engine maker has seen 50% of its revenue vanish almost overnight, as airlines and aerospace builders stop placing aircraft orders and stop paying rent on engines.
Wednesday airline updates: UAE to bailout Emirates
Dubai’s Crown Prince Sheikh Hamdan bin Mohammed has tweeted that the government is planning to inject equity into the carrier to see it through the current coronavirus pandemic.
Air Canada has announced it will be slashing capacity by 85-90 per cent and from 3 April will furlough 16,500 employees.
Airbus suspends Spain production till 9 April
Airbus is suspending most of its production in Spain for more than a week, as it continues its efforts to address the coronavirus situation.
Qatar Airways is requesting financial support from the Qatari government, despite being one of the only airlines continuing to maintain scheduled commercial passenger services.
UK’s Birmingham airport to host temporary mortuary
Work has begun to build a temporary mortuary site at Birmingham airport as the death toll of the coronavirus in the UK reaches 1288 and confirmed cases reach close to 20,000.
