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...
Industry body ERA shared profound disappointment in the guidelines published by the European Commission on EU passenger rights in the context of the COVID-19 outbreak, in a statement published yesterd...
Lufthansa has grounding 700 of its 763 fleet due to the coronavirus and its chairman said that if the situation continues much longer the future of aviation “cannot be guaranteed without state aid”. C...
Latvian airline AirBaltic continued its growth in 2019 and for the first time in the company’s history it has exceeded EUR 500 million revenue – a 23% increase over 2018. Martin Gauss, Chief Executive...
The Norwegian government has outlined a bailout package for the country’s airline sector of up to 6 billion Norwegian crowns ($537 million), with half of the cash allotted to Norwegian Air, which is ...
Finnair announced in its Stock Exchange Release on March 16 2020 that it is implementing a funding plan includes funding instruments such as available credit lines, sale and leasebacks of unencumbered...
Vietnam Airlines has become the latest airline to temporarily suspend all international flights within its network, due to the impact of Covid 19. Flights to south-east Asian countries, including Sing...
Air Canada said today that it will gradually suspend the majority of its international and U.S. transborder flights by March 31,2020 in response to decisions by national governments, including Canada ...
While the US aviation sector has called for bailout packages close to $120 billion this week, environmental lobby groups have said financial assistance programmes should be linked to environmental sus...
US carrier Hawaiian Airways drew down a $235 million revolving credit facility on March 16, according to an 8-K filing by the airline. Citibank was the administrative agent on the credit facility whi...
Willis Towers Watson has launched A Class, a community group dedicated to delivering data, knowledge and solutions to its business aviation clients. A Class focuses on data analytics and risk strateg...
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