Tag: economic challenges

Etihad Cuts Staff Numbers as Conditions Deteriorate

Reading Time: < 1 minute In an indication that steadily tightening global economic conditions are hitting even the most prominent airlines, Etihad Airways has announced it intends to reduce staff numbers. The Abu Dhabi-based carrier, which has expanded its interests rapidly in recent years, says that a company restructuring will “result in a measured reduction of headcount in some parts […]

IATA and Egypt Working Together to Address Airline Blocked Funds

Reading Time: < 1 minute The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international airlines operating to Egypt. Since March, airlines have been unable to repatriate the full amount due them under international conventions, as a result of restrictions imposed by the Government […]