Category: CORONAVIRUS UPDATES

IATA: 2020 to Become the Worst Year in the History of Aviation

Reading Time: < 1 minute The crisis provoked by the coronavirus pandemic is still making grave impacts on the entire world, and on aviation in particular. The year of 2020 has already come into history as a year of extreme challenges. According to the International Air Transport Association (IATA), airlines are expected to lose $84.3 billion in 2020 for a […]

Singapore Airlines Secures $7.2 Billion in New Liquidity

Reading Time: < 1 minute Singapore Airlines (SIA) announced that it is more or less ready to go through the challenges created by the pandemic and its impacts, as the company has raised $7.2 billion of liquidity. The money have been secured through the recent rights issue ($6.3 billion) and through a mix of secured and unsecured credit facilities ($647 […]

Emirates Confirms Upcoming Job Cuts Amid the Crisis

Reading Time: < 1 minute The rumours appeared to be true. Affected by the coronavirus crisis, Emirates, the operator of exclusively widebody fleet, confirmed it plans lay-offs. The scale of job cuts has not been revealed, though. The airline’s spokesperson confirmed that Emirates has “come to the conclusion that it unfortunately has to say goodbye to a few of the […]

Rising Airline Industry’s Debt: Threat of Possible Failures

Reading Time: < 1 minute Financial aid and support to airlines is currently vitally important for the airlines, and the industry, to begin recovering after the pandemic. Airlines have received over $120 billion in financial assistance from governments.  Nevertheless, there are two sides of the same coin. With a financial help also grows the airline industry’s global debt. According to […]

Air New Zealand Grounds 777s, Defers A321neo Deliveries

Reading Time: 2 minutes The crisis provoked by the coronavirus pandemic affects even the strongest. Air New Zealand is working through different ways to save cash and minimize costs. The airline made a solid start to 2020 and right upon the beginning of the pandemic in March had short-term liquidity of more than $1 billion. On 25 May, 2020, […]

Emirates to Review Orders for Airbus A380: Final Blow Near?

Reading Time: < 1 minute There is a high possibility that the end of Airbus A380 era is closer than expected. Together with the news about Air France’s immediate retirement of the type, some doubts from the biggest customer have emerged as well. Currently, Emirates has a fleet of 115 double-deckers and hold eight remaining A80s on order. According to […]

Air France Retires All Airbus A380 with Immediate Effect

Reading Time: 2 minutes In face of the crisis, some decisions and changes are introduced unexpectedly and ahead of initial plans. This is the case of Airbus A380 fleet operated by Air France. The airline has announced that nine A380 planes will remain grounded due to the reduced demand and will no longer perform commercial flights for the carrier. […]

Structural Changes at Rolls-Royce: Cut of at Least 9,000 Jobs

Reading Time: < 1 minute Rolls-Royce announced about some structural changes necessary to adjust business operations to the current situation, as demand from customers reduces significantly for our civil aerospace engines and aftermarket services. Among the most harsh measures would be cut of at least 9,000 jobs out of global workforce of 52,000. The company will also cut expenditure across plant […]

Restructured Norwegian Secures Much-Needed State Loan

Reading Time: < 1 minute It seems that the most severe turbulence for Norwegian is over. After a few chaotic days, Norwegian has announced that it has a range of new owners, it has completed the restructuring and it has secured 2.7 billion crown ($271 million) governmental support. Norwegian had been battling with financial issues for several years. In 2020, […]

Ryanair Group Warns of Possible Lauda’s Vienna Base Closure

Reading Time: < 1 minute Last week Ryanair’s CEO revealed about potential Lauda’s switch from all-Airbus to all-Boeing fleet, whereas this week the company has said that there is a possibility of Lauda’s Vienna base closure. In a statement, Ryanair Group provided that in the fiscal year 2020 Lauda underperformed with fares lower than expected. This happened because of fierce […]