Industry News

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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