The International Air Transport Association (IATA) says there is now virtually no passenger travel in the air, only cargo and said that airlines were in an “apocalypse now” moment and the sector is fa...
While the last seven days saw flight capacity in Europe drop by 52.9% ,versus the previous week, carriers in North East Asia have arrested the decline and offer a “glimmer of hope” with regard to a re...
Singapore Airlines will be cutting 96% of the capacity that had been originally scheduled up to end-April, given the further tightening of border controls around the world over the last week to stem t...
GE Aviation is planning to lay off 10% of its total U.S. workforce while reducing working hour for about 50% of its MRO employees for the next 90 days. Additionally, David Joyce chief executive of G...
Dubai-based carrier, Emirates is to ground its entire passenger fleet from March 25 but will be continuing its cargo operations as Covid 19 smashes flight demand. In a statement the airline said it ha...
Ratings agency Moody’s has estimated that full capacity for the global airline industry would be as much as 35% down on 2019, due to the impact of Covid 19, against pre-crisis consensus opinion the se...
Farnborough International Airshow 2020 which was due to take place from July 20-24 has been cancelled by its organising board A statement on behalf of the board said: “After very careful consideration...
Boeing has suspended dividend payment, extended its share buyback programme and cancelled the pay of its chief executive and board chairman for the rest of 2020, following its request for a $60 billio...
The US Treasury is proposing to provide the country’s airline sector with $50 billion of secured loans, not grants as the industry had requested, tied to conditions which include limits on executive p...
Air New Zealand has been thrown US$515 million lifeline in the form of government loan in order to help the flag carrier navigate the Covid 19 crisis. Announcing the package, the country’s finance mi...
India is planning a rescue package worth as much as $1.6 billion for the country’s aviation sector, as result of the Covid 19 pandemic, according to Reuters. The Finance Ministry is considering a prop...
The African Airlines Association (AFRAA) has put out a statement calling for governments on the continent to consider the compensation of inevitable losses, the alleviation of exogenous operating cos...
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