Tag: Coronavirus

Lufthansa Group Cuts 100 Aircraft; Halts Germanwings

Reading Time: < 1 minute The second wave of restructuring measures implemented by the Lufthansa Group has been revealed. Among the key decisions: Group’s fleet reduction by 100 aircraft and suspension of Germanwings operations. Across all its business units, Lufthansa Group confirmed having a calculated personnel surplus of at least 22,000 full-time positions. This includes leadership and administration positions as […]

Air France and HOP! to Cut Over 7,500 Jobs in Three Years

Reading Time: < 1 minute At Air France and HOP! harsh cost-saving measures have also been inevitable. Both carriers are adapting to the new environment with tailored strategic solutions for the upcoming future. Workforce cuts are unavoidable.  In a statement the airline reveals that during three months of the turbulence, its “activity and revenue fell by 95%, and at the […]

INTERVIEW | Crisis Hit Vietnamese Aviation Differently. Why?

Reading Time: 8 minutes Before the coronavirus hit, Vietnam, with a population of nearly 96 million people, was one of the most dynamically growing markets on the globe. Over 100 million visitors came to explore Vietnam in 2019 alone. None denies the fact that this market will be further expanding and booming. The way aviation in Vietnam has gone […]

Iconic Emirates Airbus A380 Returns to the Sky after Grounding

Reading Time: < 1 minute For many aviation-related people Emirates usually associates with the Airbus A380 aircraft. And not without a reason. The Dubai-based carrier has the biggest fleet of world’s largest passenger jets. Due to the sharp decline in demand because of the pandemic, Emirates grounded its A380 fleet in March. Now, the flagship aircraft on scheduled services to […]

Qantas Plan: 6,000 Job Cuts, Retirement of All Boeing 747s

Reading Time: 2 minutes Qantas Group has announced its three-year plan aimed at recovery from the crisis with increased flying and new opportunities. In fact, the immediate strategy consists of the three main phases: rightsize, restructure and recapitalize. In order to save enough cash and secure sufficient liquidity to go through the times still filled with great uncertainty, Qantas […]

Air Canada Secures Additional $909 Million in Cash

Reading Time: < 1 minute In order to battle with the crisis provoked by the pandemic, Air Canada has raised additional $909 million (C$1.23 billion) in cash by closing two additional financing transactions. According to a statement, since the beginning of the pandemic in March, the airline has secured a total of $4 billion (C$5.5 billion) of liquidity. The recent financial […]

KLM Royal Dutch Airlines Gradually Increases Capacity

Reading Time: < 1 minute After a hard stop in April, KLM Royal Dutch Airlines has revealed gradually increasing capacity for the summer months. In July the carrier expects to operate 5,000 European flights and in August – 11,000. Intercontinental numbers are around 1,900 in July and 2,100 in August. As to intercontinental flights, these are restored more slowly because […]

Increasing Capacity: Emirates Re-Opens 10 More Destinations

Reading Time: < 1 minute Emirates has announced that it re-launches services in ten more cities, in total bringing a number of destinations currently available to travellers to 40. The recently added spots are the following: Colombo (from 20 June), Sialkot (24 June), Istanbul (from 25 June); Auckland, Beirut, Brussels, Hanoi and Ho Chi Minh City (all from 1 July); […]

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 […]