Industry News
02.04.2020
Coronavirus: BA expected to suspend 36,000 staff
British Airways is expected to announce it will suspend around 36,000 staff.
The airline, which grounded much of its fleet due to the coronavirus crisis, has been negotiating with the Unite union for more than a …
31.03.2020
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 …
30.03.2020
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 …
30.03.2020
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 …
30.03.2020
easyJet Grounds Entire Fleet Due To Coronavirus
easyJet has grounded it's entire fleet of aircraft and also said it is not able to give a date when they will take to the air again, blaming the current coronavirus pandemic.
A statement on the …
27.03.2020
Third of global airline fleet in storage as coronavirus rages
Around one third of the global commercial airline fleet is currently in storage as carriers seek to weather the coronavirus pandemic.
Nearly 900 jets have been added to the stored inventory during the past day, according …
27.03.2020
Qantas secures new funding as coronavirus battle continues
Qantas has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak.
This debt has been secured against part of the group’s …
26.03.2020
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 …
26.03.2020
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 …
26.03.2020
Virgin Atlantic operates first ever cargo only charter
The VS698 from London Heathrow for New York JFK on 22nd March created history for the airline as it departed with two pilots, one cabin crew member and a hold filled with 12490 kilograms of …