Category: AIRLINES & AIRPORTS

Aeromexico Files for Chapter 11 Bankruptcy in the US

Reading Time: < 1 minute Aeromexico has become the latest Latin American airline to face huge financial problems amid the crisis provoked by the coronavirus pandemic and begin restructuring under the Chapter 11 process. In order to secure future and emerge as a stronger player, the airline announced that it is utilizing the Chapter 11 process, which allows companies to […]

Norwegian Terminates Order for Nearly 100 Boeing 737 MAX

Reading Time: < 1 minute After some good news on the beginning of Boeing 737 MAX re-certification test flights, some bad news follow. Norwegian announced that it has cancelled the order for a total of 97 Boeing aircraft and will claim compensation. While Boeing attempts to return its MAX to the sky, the Norwegian carrier took a decision to terminate […]

British Airways Owner IAG Raises Є 1.2 Billion in Bond Issue
British Airways Welcomes First Boeing 787-10 to the Fleet

Reading Time: < 1 minute British Airways has become the first airline in Europe (third in the world) to operate all three variants of Boeing 787 Dreamliner. Recently the brand new Boeing 787-10 has supplemented the fleet of  30 787s (12 -8s, and 18 -9s). Still 12 Boeing 787-10 aircraft are on the order list. The aircraft has reached the […]

KLM Secures EUR 3.4 Billion Financing Package

Reading Time: < 1 minute KLM Royal Dutch Airlines has announced that it secured a total amount of EUR 3.4 billion of financial state support. The KLM has already implemented a number of measures to maintain liquidity, however, these were not enough. “The financing package is necessary to secure the long and difficult road of recovery in the coming period. […]

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 […]

Delta to Become First US Carrier to Re-Start Services to China

Reading Time: < 1 minute After a period of temporary suspensions, US is about to reinstate air connection with China. On 25 June, Delta will re-launch its service between Seattle and Shanghai-Pudong via Seoul-Incheon, operating twice per week. From July and beyond, it will operate once-weekly flights from Seattle and Detroit, also via Incheon. Since the introduction of travel limitations […]

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
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); […]