American Airlines Group said late Sunday it would suspend more flights in and out of New York City’s three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases. Between April 9 and May 6, American will operate a total of 13 daily flights from New York’s JFK and LaGuardia airports and New Jersey’s Newark, it said, down from an average of 271 daily flights across all three airports in April 2019. David Seymour, American’s senior VP of Operations, told employees that demand for flights to the New York area “is rapidly evaporating” following an increase in COVID-19 cases and a recent advisory from the CDC warning against all non-essential travel to and from New York, Connecticut and New Jersey. American said it will only operate flights between 10 a.m. ET and 6 p.m. ET as turn-only operations so that no aircraft or crews remain overnight at the airports, and so that fewer New York crew will be required on the ground.<br/>
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Japan Airlines executives will voluntarily take a 10% cut in monthly remuneration from April to June as a cost-cutting measure after the global coronavirus pandemic forced it to sharply reduce flights, a source close to the matter said Thursday. For the summer flight schedule starting March 29, JAL will see over 80 percent of international flights reduced through the end of April compared to its initial plan as governments across the world restrict entry to curb the spread of the pneumonia-causing virus. JAL has also cut domestic flights. “The airline industry is facing an unprecedented crisis,” JAL President Yuji Akasaka said in his address to newly recruited employees Wednesday. April 1 is the start of the business year in Japan.<br/>
A Malaysian company has proposed a fresh capital injection and to assume the debts of Malaysia Airlines (MAS), in a formal takeover bid of the ailing national carrier, according to a report by The Edge Malaysia. The Malaysian government has been seeking a strategic partner for its national airline, which has struggled to recover from two tragedies in 2014 - the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine. Golden Skies Ventures, a firm set up earlier this year by ex-MAS employees and private individuals, has offered a capital injection of US$2.53b and to assume the airline’s full outstanding Islamic bonds or sukuk, its CE Shahril Lamin was quoted as saying by The Edge. In return, GSV is seeking 100% equity of Malaysia Aviation Group Bhd, which includes MAS and other subsidies such as MAB Kargo, MAB Engineering, Firefly and MASwings.<br/>