Reading Time: < 1 minute Monitoring the market and responding to the circumstances, IATA is putting forward the proposal to extend the waiver from the 80-20 use-it-or-lose-it rule in the Worldwide Airport Slot Guidelines. In the European Union, for example, slots are managed by the a so-called ‘use it or lose it’ rule which requires an air operator to keep […]
Reading Time: < 1 minute Although step by step aviation is resuming operations, still there are too many unknown aspects and hypothetical assumptions. The summer season is usually the most busy for airlines, meanwhile winter is the hard season to stay profitable. On the regular basis. This year we deal with a very slow entrance into the peak season. According […]
Reading Time: < 1 minute After long speculations and a number of previously unconfirmed rumours, easyJet has announced that it reached an agreement with Airbus on the deferral of 24 aircraft deliveries to 2025-2027. Each aviation company, especially airlines, is currently looking into every possibility to cut costs and stay afloat. After the crisis hit the bottom line in April, […]
Reading Time: < 1 minute The major crisis in aviation has hit the Lufthansa Group hard. The Group has confirmed its personnel overcapacity figures reaching 22,000 full-time positions across its companies. The Group has already informed the representatives of the trade unions, provided information to Lufthansa works councils and explained in the Group Economic Committee. The number of 22,000 extra […]
Reading Time: < 1 minute Jetstar Pacific is set to reborn as Pacific Airlines again. Why again? Upon all the approvals, after almost 12 years, the low-cost carrier will return to its original brand name. The closer synergy with its major owner Vietnam Airlines (70 per cent of shares) is expected to “unlock economies of scale and help the industry […]
Reading Time: < 1 minute Several attempts, but not much success. Nevertheless, Lithuania is determined for another try and plans to establish a new flag carrier at the end of 2020, the Lithuanian Ministry of Transport and Communications revealed. Among the suggestions for the carrier are many options. One of the variants is to set not a standard carrier – […]
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 […]
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 […]
Reading Time: < 1 minute Lufthansa Group is exponentially expanding the list of destinations and the number of flights. Reacting to the demand, the airlines of the Group are set to “again offer as many destinations as possible”. Lufthansa plans to re-launch 90 per cent of all originally planned short- and medium-haul destinations and 70 per cent of long-haul destinations […]
Reading Time: < 1 minute The first Airbus A320neo aircraft under the Hungarian HA-LJA registration has joined the fleet of European low-cost carrier Wizz Air. It is already 122 aircraft in Wizz Air fleet, which consists exclusively of Airbus planes. The A320neo type has been introduced to the fleet of the budget carrier with this recent delivery. “This new aircraft […]