Monthly Archives: March 2020

British Airways Suspends All Gatwick Flights

British Airways will suspend all flights to and from London’s Gatwick airport amid a collapse in demand due to the coronavirus. The move follows EasyJet’s suspension of flights after the government advised against all but essential travel. British Airways told staff it was facing a challenging market environment in “unprecedented circumstances”, according to an email […]

British Airways extends revolving credit facility

British Airways has extended its United States dollar secured revolving credit facility for one year. The move, confirmed by International Airlines Group, will take effect from June 23rd. The amount available under the extended facility is $1.38 billion. Including the extended facility and some smaller additional facilities recently arranged, IAG has total undrawn general and […]

Vietnam Airlines to further cut domestic services

Vietnam Airlines has confirmed it will continue to reduce the frequency of domestic flights. The move is designed to further enhance preventive measures to curb the spread of Covid-19 pandemic. Vietnam has been among the most proactive destinations in tackling the outbreak, with less than 200 recorded cases of coronavirus to date. Until April 15th, […]

Chancellor Sunak rules out support for UK aviation sector

The UK chancellor has ruled out government help for struggling airlines, at least in the short term. Having previously pledged to work with carriers to overcome the financial difficulties created by the coronavirus pandemic, Rishi Sunak has now advised airlines to find other forms of funding. Demand for tickets has collapsed forcing companies to ground […]

Korean Air leadership takes pay cuts, looks for further asset sales

All Korean Air executives will forgo part of their salaries in response to the worsening business environment due to the Covid-19 virus outbreak. Korean Air announced that salaries of its executive vice presidents and above will be reduced by 50 per cent senior vice presidents by 40 per cent, and managing vice presidents by 30 […]