Tag: Coronavirus

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 […]

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, […]