The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the Covid-19 crisis. Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 […]
Lufthansa has made permanent changes to its structure in the wake of the coronavirus pandemic. According to an assessment from the German flag-carrier, it will take several months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels. Based on this evaluation, the executive […]
Norwegian has unveiled plans to strengthen its balance sheet by converting debt to equity in order to meet the requirements of the Norwegian state guarantee program. The low-cost airline hopes to create a sustainable platform taking into account current shareholders and creditors alike. The company reported in February that it was targeting a net profit […]
Further to the previously announced schedule of special passenger flights, Etihad Airways will add additional flights from Abu Dhabi to Melbourne and Amsterdam. The Abu Dhabi-based carrier has been operating special flights which have allowed passengers stranded in the UAE due to Covid-19 restrictions, the opportunity to return home. The flights also support the local […]
More than 250 organisations from 25 countries have published an open letter directed to governments, urging them to refrain from “unfair” bailouts of the aviation industry on environmental grounds. Instead, governments are implored to use this moment to embed social and environmental conditions, with enhanced protection for workers and a planned transition towards what the […]
Etihad Airways, the national airline of the UAE, will partner with Australian company Elenium Automation to trial new technology which allows self-service devices at airports to be used to help identify travelers with medical conditions, potentially including the early stages of COVID-19. Etihad will be the first airline to trial the technology, which can monitor the temperature, heart rate […]
easyJet has issued £600 million of commercial paper through the Covid Corporate Financing Facility. The decision comes as the low-cost carrier seeks to maximise its liquidity in the wake of the coronavirus pandemic. The airline has currently suspended virtually all flights, and there is a growing concern over the financial impact of an extended grounding. […]
The International Air Transport Association (IATA) is urging Asia-Pacific states to take urgent action to provide financial support to their airline industry impacted by the COVID-19 crisis, as is happening in other parts of the world. Australia, New Zealand and Singapore have already announced a substantial package of measures to support their aviation industries. Major […]
Virgin Atlantic has teamed up with Virgin Group’s not-for-profit foundation, Virgin Unite, to fly a special charter flight from Shanghai to London, bringing in essential medical supplies and PPE equipment for the National Health Service (NHS). The Boeing 787-9 aircraft operated the VS251 from Shanghai which departed at 11:40 local time on 3rd April landing […]
The government of Dubai has offered its backing to Emirates, and will “inject equity into the company” in order to protect it from the impact of the coronavirus pandemic. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai, said the airline was vital to the strategic interests of the United Arab Emirates […]
