PIA to make 3000 redundancies
Pakistan International Airlines (PIA) is set to lay off 3,000 employees and sell its non-core assets to reduce its debt burden and restructure the airline. PIA debt stood at Rs360 billion (US$2.2 bill...
Pakistan International Airlines (PIA) is set to lay off 3,000 employees and sell its non-core assets to reduce its debt burden and restructure the airline. PIA debt stood at Rs360 billion (US$2.2 bill...
In a surprise move, London investment fund Kalrock Capital and Dubai-based tycoon Murari Lal Jalan’s proposed revival of Jet Airways some 18 months after it filed for bankruptcy, has been approved by ...
Cathay Pacific Group’s combined traffic figures for September 2020 reflect the airlines’ substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and ...
Wizz Air Abu Dhabi, the new national airline of the United Arab Emirates, has officially received its Air Operator Certificate (AOC), from the UAE General Civil Aviation Authority (GCAA). Receiving th...
In his first public appearance since being named British Airways' new CEO last week, Sean Doyle set out plainly the impact of the pandemic on the airline by comparing its losses during the global fina...
Finnair has completed the co-operation process started in September on its plans to reduce up to 1,000 jobs, to make other structural changes and to implement additional temporary layoffs due to the i...
Virgin Australia chief executive Paul Scurrah's position is under question following the airline's takeover by American private equity firm Bain Capital. This follows a union’s concerns that the new o...
Vietnam Airlines management stated yesterday that they had lost VND10.75 trillion (US$463.7m) in the first nine months of 2020. During the period, the airline recorded a combined revenue of nearly VND...
Toronto-based Porter Airlines announced yesterday that it will extend its temporary service suspension until at least December 15 due to continuing travel restrictions in place because of COVID-19. Th...
The Kenyan parliament yesterday rejected a bid for Kenya Airports Authority (KAA) to be excluded from being part of the operating entities being created in the plan to nationalise Kenya Airways. The N...
A restructuring plan for Portugal’s flag carrier TAP will be sent to the European Commission in November, the secretary of state for the treasury Miguel Cruz said today. This comes following the Europ...
American Airlines management is warning that without additional aid, more domestic routes will be cut. American has suspend service to Del Rio, Texas; Dubuque, Iowa; Florence, South Carolina; Greenvil...
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