Embraer in Talks for a $600 Million Financing Deal
The world's third-largest commercial jet builder, Embraer, is in talks with Brazil's state development bank BNDES and private banks for $600 million worth of financing (including bond issues). According to [...]
Kenya Airways Temporarily Halts Cargo Flights
Kenya Airways (KQ) has temporarily halted its cargo flights due to stiff competition from rival airlines offering freight services. Business Daily reports that at the moment, there are close to 12 [...]Emirates Fires 180 Pilots in Fresh Wave of Layoffs
Dubai's state-owned airline, Emirates, has fired 180 pilots as it implements cost-cutting measures in order to remain afloat amid the global COVID-19 pandemic that has seen a dip in airline [...]Kenya Airways to Resume Passenger Flights on June 8th
Kenya Airways (KQ) will resume its passenger flights on 8th June 2020, even as the Kenya Airports Authority (KAA) continues to place the necessary safety measures ahead of the opening [...]EasyJet Slashes 30% of its Workforce
Europe’s second-biggest low-cost airline, EasyJet, plans to slash its workforce by 30%, translating to about 4,500 job cuts. The move seeks to ensure the airline stays afloat during the coronavirus [...]Boeing Resumes 737 Max Production
Boeing, the American planemaker, has announced the resumption of production of the 737 Max aircraft, albeit at a low rate. In December last year, the aviation giant announced plans to [...]Boeing Set to Implement Job Cuts in the US
American plane maker, Boeing, is set to implement job cuts in the U.S. after previously announcing that it will lay off 10% of its worldwide workforce of 160,000 employees. According [...]Kenya Airways 2019 Losses Hit KSh12.99 Billion
Kenya Airways revenues in 2019 increased by 12.4 percent to KSh128.32 billion from KSh114.19 billion in 2018. KQ’s chairman Michael Joseph attributes the growth to the improved passenger, cargo, ancillaries, [...]
LATAM Airlines Files for Bankruptcy Protection
The largest airline in Latin America, LATAM Airlines Group has filed for Chapter 11 bankruptcy protection due to economic problems attributed to the COVID-19 pandemic. The filing includes all its [...]Singapore Airlines Posts First Loss in its 48 Year History
Singapore Airlines (SIA) has posted a $149 million full-year net loss, its first annual loss in 48-years of existence and a shift from the $480 million profit recorded in the [...]Tanzania Re-opens its Airspace for International Flights
Tanzania lifted the ban on international flights on Monday, allowing both scheduled and non scheduled flights into her airspace. The directive from President John Pombe Magufuli seeks to bring back [...]EgyptAir to Get $127 Million State Aid
Egypt's flag carrier, EgyptAir, is set to receive $127 million (KSh13.6 Bn) from the government to enable it to remain afloat during the COVID-19 pandemic that has seen airline revenues [...]
