According to representatives from small business associations, banks, and state and local governments, the terms and conditions for some facilities are a deterrent for some potential participants seeking CARES Act funding. Keep Reading
The airport industry was expected to generate about $172 billion this year but the COVID-19 crisis impact on airport revenues will result in a reduction of $111.8 billion (or -65% compared to the pre-COVID-19 forecast). Keep Reading
The International Air Transport Association (IATA) released updated analysis on April 14, showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020. Keep Reading
As organizations address the longer-term implications of COVID-19, Yann Zopf of the World Economic Forum says it is imperative to focus on the needs of all stakeholders, from customers to suppliers to shareholders and, specifically, employees. Keep Reading
The U.S. announces a record stimulus package, but support for the aviation industry from governments around the world varies greatly. Keep Reading
A coalition of U.S. transit agencies issued a letter to Congressional leaders urgently requesting the federal relief package includes at least $25B of dedicated support. Keep Reading
The House and Senate take fundamentally different approaches to helping airlines reeling from the coronavirus pandemic, and that difference may be a sticking point to an agreement. Keep Reading
A new round of HK$1 billion relief package has been launched for the airport community in view of the continuing impact brought by the COVID-19 outbreak. Keep Reading