Colombian flag-carrier Avianca has lined up a $2 billion bankruptcy-loan package to finance its stay in chapter 11. The cash has been sourced from a group of investors and lenders including United Airlines and chairman Roberto Kriete personally. One of the largest airlines in South America, Avianca sought bankruptcy protection in May and has since […]
Aegean has seen revenue slump 88 per cent in the second quarter, highlighting the stark impact of the coronavirus pandemic on the aviation sector. Consolidated revenue for the second quarter stood at just €40 million, down €307 million from the same period last year. Pre-tax losses (excluding extraordinary losses) stood at €59 million, against a […]
Qatar Airways has received around US$2 billion in state aid as the flag-carrier battles the fallout from the Covid-19 pandemic. Branding 2019/20 one of its “most difficult years,” the Middle Eastern airline noted it had also been hit by the ongoing blockade of Qatari airspace and the collapse of Air Italy in recent months. Changes […]
The International Air Transport Association (IATA) called for the development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic COVID-19 testing for all passengers before departure as an alternative to quarantine measures in order to re-establish global air connectivity. IATA will work through the International Civil Aviation Organization (ICAO) and with health authorities to […]
Airbus has revealed three concepts for the first zero-emission commercial aircraft, which could theoretically enter service by 2035. These concepts each represent a different approach to achieving zero-emission flight, exploring various technology pathways and aerodynamic configurations in order to support the ambition of leading the way in the decarbonisation of the entire aviation industry. All […]
Germany flag-carrier Lufthansa has confirmed it will cut further jobs in addition to the 22,000 redundancies already announced. No new figures were provided, with final losses to reflect market conditions, the company explained in a statement. As part of a third round of restructuring, the airline also said it would reduce its roughly 800-strong fleet […]
Norwegian has launched a new environmental sustainability strategy that will see the airline seek to cut its CO2 emissions by 45 per cent. The carrier will also aim to remove all non-recyclable plastics and recycle all single-use plastics. Norwegian said its goals were in line with the Paris Agreement. Jacob Schram, chief executive of Norwegian, […]
Mauritania Airlines has resumed international flights following the reopening of the country’s airspace on September 11, 2020, after a month-long closure due to COVID-19. A statement on the airline’s website confirmed Mauritania Airlines would resume with flights from Nouakchott to Mali, Benin, the Republic of Congo, Guinea, and Gabon according to the following schedule: Twice-weekly […]
Pilots at Turkish Airlines will see their wages halved until end-2021 following an agreement between the airline and labour unions to help mitigate the impact of COVID-19, the airline confirmed. In addition, ground staff wages have been cut by 30%, cabin-crew wages by 35% and 30% of “seniority payments” of all employees are being deducted, […]
Dart Group has changed its name to Jet2 plc. The change of name has been registered at Companies House and is effective immediately. Shares in the company, which owns leisure airline and holiday provider Jet2.com, are now trading under the JET2 ticker. The decision to change the name of the company follows the sale of […]
