Tag: air travel industry

Lufthansa Submits €500m Bid for Ailing Alitalia

Reading Time: < 1 minute According to Italian newspaper Corriere della Sera, the German airline Lufthansa has offered €500 million (US$590) for the ailing Italian flag-carrying airline, Alitalia. It is understood that the offer is for the planes, airport runway slots, and air crew. However, it is believed that Lufthansa’s intention will be to reduce the 12,000-strong workforce by half, […]

SriLankan Airlines Welcomes Airbus A320neo to Its Fleet

Reading Time: 2 minutes SriLankan Airlines has commenced the induction of the first of its latest Airbus aircraft. February 27th was the first of the A320neo and A321neo family aircraft in its fleet. The introduction of these new-generation aircraft will help enhance its exceptional service standards for passengers and serve to align its fleet to the airline’s new strategic focus […]

IATA to Tackle Payment Security

Reading Time: < 1 minute The International Air Transport Association (IATA) is to expand its activities to prevent payment fraud in the air travel industry. Payment fraud costs the industry an estimated $858 million annually, approximately $639 million of which is borne by airlines and the remainder by other participants in the travel value chain, including travel agents. As part […]