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 [...]Emirates Lays Off an Additional 600 Pilots
Dubai's state-owned airline, Emirates, has laid off an additional 600 pilots, after it fired 180 pilots on 31st May 2020. The airline has also laid off 700 Cabin Crew members. [...]Austrian Airlines Gets $675 Million Bailout
Lufthansa's Austrian Airlines unit is set to receive a $675 million bailout from the government of Austria and other lenders, a move that seeks to protect Vienna as a transit [...]Bombardier Announces 2,500 Job Cuts
Canadian business jets maker, Bombardier, has announced plans to reduce its worldwide workforce by 2,500 people within its aviation division. Montreal newsreports that the cuts will see 1,500 layoffs in [...]Kitale Airstrip Embarks on a KSh221 Million Facelift
A project to expand the Kitale airstrip will start this month, looking to boost the rising demand for local travel. On Friday, Kenya Airports Authority (KAA) awarded a KSh221 million [...]SP Downgrades American Airlines Credit to B-
SP Global Ratings has downgraded American Airlines credit to B-, the lowest rating among its airline peers. According to SP, the carrier's rating remains negative, seeing that it is now [...]Amazon Leases 12 Boeing Cargo Planes
Amazon plans to lease 12 Boeing 767 jets that have been converted to cargo from Air Transport Services Group (ATSG). The lease brings the Amazon Air fleet to 82 cargo [...]Lufthansa Posts $2.4 Billion Net Loss
Germany’s largest airline, Lufthansa, posted a net loss of $2.4 billion in the first quarter of 2020, “significantly impacted” by the COVID-19 pandemic. This compares to a net loss of [...]EasyJet to Resume Flights by August
Europe’s second-biggest low-cost airline, EasyJet, has announced plans to resume flights across most of its European routes by August this year, with holiday flights from all its U.K. airports in [...]
