More flights grounded by Asian carriers as travel curbs grow

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More flights grounded by Asian carriers as travel curbs grow GlobeBusiness

This translation has been automatically generated and has not been verified for accuracy.Widening curbs on travel to contain the spread of the coronavirus led airlines to ramp up flight cancellations on Monday, with new restrictions spanning Australia, New Zealand, the United Arab Emirates , Hong Kong, Singapore and Taiwan.

Australia and New Zealand both warned against non-essential domestic travel, while the UAE halted flights and Hong Kong, Singapore and Taiwan took steps to ban foreign transit passengers. The UAE’s decision takes effect in 48 hours, with cargo and emergency evacuation flights exempted. Emirates responded by saying it would temporarily suspend all passenger services for two weeks from March 25.

Singapore Airlines said it would look to defer aircraft deliveries and has drawn on lines of credit to meet immediate cashflow requirements. The impact on planemakers has been deep and sudden and on Monday planemaker Airbus announced new steps to bolster its financial position, including the signing of a credit facility for 15 billion euros .

Regional Express Holdings Ltd , which serves remote Australian towns, said it would shut all operations, except some subsidised routes, from April 6, unless governments quickly expressed a willingness to underwrite its losses.

 

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