Business aviation analyst Brian Foley argues that, despite the sharp downturn in aviation activity because of the Covid-19 pandemic, business aviation is poised to better weather this setback than the 2008 financial crisis. The U.S. economy is healthier this time around, with a GDP of 2.1 percent, higher corporate profits, and a stock market that is up 67 percent compared with the financial crisis, Foley wrote today.
The Coronavirus impact on the aviation Industry
Embraer will manufacture parts for the ventilator and respirator industry under a coalition of companies and research centers that aims to increase the availability of equipment and solutions to combat Covid-19 in Brazil. It will also work to help develop high-efficiency filtration systems that could turn regular hospital beds into intensive care beds and portable respirators.
VistaJet has come up with some new ways to keep business rolling against the massive disruption presently being meted out on the world by the Covid-19 pandemic, while also trying to make its aircraft available for those grappling with the impact on their organizations.
The U.S. Senate’s unanimous passage of the massive stimulus package late last night sets the stage for billions in loans and grants to flow to cash strapped air carriers, including Part 135 operators, along with numerous other aviation business. The Coronavirus Aid, Relief, and Economic Security (CARES) Act heads to the House for approval.
Harrods Aviation is taking “the unprecedented and regrettable decision to temporarily close its FBO and maintenance facilities at its London Luton and London Stansted bases” in response to the UK government’s Covid-19 guidelines. Its two locations will close this Friday—effective at 6 p.m. local time at Stansted and 11:59 p.m. local time at Luton—through at least April 17, when Harrods said it will review the situation.
The Qantas Group has managed to secure A$1.05 billion ($622.6 million) in debt funding against seven of its 11-strong fleet of wholly-owned Boeing 787-9s it bought with cash in recent years, the company announced Wednesday. The loan, carrying a tenure of up to 10 years at an interest rate of 2.75 percent, comes during a period in which the coronavirus outbreak has severely limited the availability of debt financing.
Bristow Group is transporting suspected Covid-19 patients in three specially-configured former search-and-rescue helicopters in the North Sea and other aircraft in the Americas.
Constant Aviation has seen demand jump rapidly in the past few weeks for its MicroShield 360 antimicrobial protective coating service, with more than 250 aircraft receiving the treatment from the MRO provider and its authorized partners since March 9. FDA-approved, MicroShield 360 antimicrobial coating kills 99.99 percent of bacteria for one year after application and is clear, colorless, odorless, non-toxic, and hypoallergenic.
The notification deadline for groups interested in purchasing Piaggio Aero Industries and its subsidiary, Piaggio Aviation, has been extended because of the Covid-19 pandemic, it announced on Tuesday. Formal notifications of interest in acquiring the Italian companies, under what officials call an “expression of interest,” will be accepted until May 4. The original deadline for submitting an EOI was April 3.
During a webinar held today by the National Business Aviation Association (NBAA), the important question that listeners wanted answered had to do with speculation that U.S. airspace would be shut down due to the coronavirus crisis. The webinar—“When COVID-19 Causes 'ATC-Zero' Disruptions–Planning Considerations”—was recorded and is available on the NBAA website.