Reading Time: < 1 minute Avianca Holdings S.A., Colombia’s national carrier, has filed for Chapter 11 bankruptcy protection in the United States court. One of the oldest airlines in the world aims to reorganise its business to continue operations. According to a statement, the “filing was necessitated by the unforeseeable impact of the COVID-19 pandemic”. Although Avianca is the second […]
Reading Time: < 1 minute The Latvian airline airBaltic announced that the major shareholder of the carrier, the Cabinet of Ministers of the Republic of Latvia, has approved the investment of up to EUR 250 million into the equity of airBaltic. The government’s plan to provide its investment to airBaltic in tranches is still a subject to approval of the […]
Reading Time: 1 minute The crisis provoked by the coronavirus pandemic has hardly hit Air France-KLM Group. At present it is “navigating a storm of unprecedented severity” and during the second quarter operates only around 5% of the previously planned capacity. In a statement, the company revealed that after a slow resumption of flights throughout summer, in September it […]
Reading Time: 2 minutes Enhanced safety measures after air travel resumes are critically important to bring as many passengers back to safe flying as possible. To regain trust in safe air travel. A lot of airlines, including Air France, KLM, Lufthansa, have already made it mandatory to wear face coverings for both passengers and crew while being on board. […]
Reading Time: 2 minutes Boeing says it is already deeply feeling the impacts of the current crisis and reveals some drastic measures for the future to secure business and adjust operations to a significantly lower demand. In a letter to employees, Boeing President and CEO Dave Calhoun has explained that the coronavirus pandemic made aviation almost stop. Airlines have […]
Reading Time: < 1 minute The coronavirus pandemic has hardly hit business of British Airlines. The parent company of the carrier has announced that British Airways will cut up to 12,000 jobs. According to International Airlines Group (IAG), in order to align operations with a low demand for air travel, British Airways needs to implement “restructuring and redundancy programme“. “The […]
Reading Time: < 1 minute Boeing has announced about its plans to renew 787 production at Boeing South Carolina facilities beginning 3-4 May, 2020. This Boeing site has been closed since 8 April, 2020, because of the coronavirus outbreak. During the suspension time the company says it implemented all the necessary precautionary measures to ensure safe operations. Last week production […]
Reading Time: < 1 minute Further responding to the crisis and adapting operations to a lower air travel demand, SAS has announced it will cut up to 5,000 full-time positions. Considering the fact that demand for passenger air services will remain low for the rest of 2020 and will reach the pre-crisis levels only in several years, the airline said […]
Reading Time: < 1 minute The Latvian carrier airBaltic has worked out and approved a new business plan Destination 2025 CLEAN aimed at defining and adjusting operations of the airline to the coronavirus crisis impacts. The updated five-year strategy involves several key aspects. One of them is fleet reduction. After travel restrictions are lifted airBaltic expects to commence operations with 22 […]
Reading Time: 2 minutes Responding to the crisis, Austrian Airlines is making further steps to secure its business operations. The carrier’s fleet has been on the ground since 18 March, 2020, and now the company is working to realign its fleet for a new start. The future is still gloomy, it is difficult to forecast when aviation will begin […]