Reading Time: < 1 minute Although step by step aviation is resuming operations, still there are too many unknown aspects and hypothetical assumptions. The summer season is usually the most busy for airlines, meanwhile winter is the hard season to stay profitable. On the regular basis. This year we deal with a very slow entrance into the peak season. According […]

Reading Time: < 1 minute The major crisis in aviation has hit the Lufthansa Group hard. The Group has confirmed its personnel overcapacity figures reaching 22,000 full-time positions across its companies. The Group has already informed the representatives of the trade unions, provided information to Lufthansa works councils and explained in the Group Economic Committee. The number of 22,000 extra […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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. […]

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 […]