Air France-KLM to Get $3.8 Billion in Aid from the Netherlands
Air France-KLM’s Dutch (Royal Dutch Airlines) is set to receive a $3.8 billion bailout from the Netherlands, a move that seeks to help it recover from the drastic fall in [...]
COVID-19 Delays the Nationalization of Kenya Airways
The schedule of nationalizing Kenya Airways(KQ), has been pushed by over two months, owing to disruptive effects of COVID-19 pandemic on the global aviation business. Parliament is expected to restart [...]
Qantas Airways Announces 6,000 Job Cuts
Australia's flag carrier, Qantas Airways, has announced plans to cut 6,000 jobs, translating to about 20% of its entire workforce. The airline will spend around $600 million on related payments. [...]Kenyan Gov't Waives Airline Landing Fees
The Kenyan government has waived airline landing fees, a move that seeks to support the aviation industry. The sector hopes to bounce back from the coronavirus shock in the coming [...]American Airlines to Raise $3.5 Billion in New Financing
American Airlines Group plans to raise $3.5 billion in new financing, a move that seeks to boost its liquidity amid the global COVID-19 pandemic. The airline outlines its plans as [...]KQ to Surrender Equipment over KSh102 Million Debt
High Court Judge, Wilfrida Okwany, has ordered Kenya Airways (KQ) to surrender a batch of ICT equipment it leased from Rentworks East Africa, over a KSh102 million debt As Daily Nation reports, [...]Embraer Secures $600 Million Loan from Brazil
The world’s third-largest commercial jet builder, Embraer, has secured a $600 million loan, partly backed by Brazil’s government. This comes even as the aviation industry continues to be one of [...]Egypt to Resume International Flights from 1st July
Egypt plans to reopen all its airports and resume international flights asfrom 1st July 2020. International flights have been suspended since 19th March 2020 when Egypt took the step to [...]Air Namibia Battles Possible Liquidation
Namibia's State carrier, Air Namibia, is facing possible liquidation after a streak of losses and government bailouts. In the past two decades, the Namibian Government has given the carrier about [...]Lufthansa Announces 22,000 Job Cuts
Germany’s largest airline, Lufthansa, has announced plans to cut 22,000 jobs as COVID-19 pandemic continues to take a toll on the aviation industry. The airline says that almost half of [...]Airlines Globally to Lose $84 Billion in 2020; IATA
The International Air Transport Association (IATA) forecasts that airlines globally are expected to lose $84.3 billion in 2020 due to the COVID-19 pandemic that has seen a dip in the [...]Boeing Delivers 4 Jets in May
The American plane maker, Boeing, only delivered 4 jets in May 2020, 87% less than it delivered in May last year. The deliveries were the company's lowest monthly deliveries in [...]
