Alitalia's $3.3 Million Cash Injection from State
Italy’s flag carrier, Alitalia, is set to receive a $3.3 million cash injection from the Italian government as it plans on nationalizing the carrier. In March, the Italian government approved [...]
Qantas Airways Gets $550 Million in Debt Funding
Australian airline, Qantas Airways has secured $550 million in debt funding against three of its Boeing 787-9 aircraft. This new funding follows a previous $1.05 billion raised in March against [...]South Africa Hints at New National Airline
South Africa's state airline, South African Airways (SAA), is set to be restructured into a new airline, which will still be the country's flag airline. The new airline will involve [...]Ryanair Set to Retrench 3000 Employees
Irish budget airline Ryanair plans to retrench 3000 staff members and reduce the employee wages by up to 20% as COVID19 continues to hurt businesses. The airline expects passenger numbers and [...]
KQ Makes KSh214 Million from Cargo Business
Kenya's national carrier, Kenya Airways (KQ) has made a total of KSh214 million in revenues in the month of April, from its cargo business. According to the airline's CEO, Allan [...]American Airlines Posts $2.2 Billion Loss
American Airlines posted a $2.2 billion net loss in the first quarter of 2020, its first quarterly loss since emerging from bankruptcy in 2013. The loss is a shift from [...]Lufthansa to Get a $10.8 Billion Bailout from Germany
Germany's largest airline, Lufthansa, is set to receive a $10.8 billion bailout from the German government so as to remain afloat during the COVID-19 pandemic that has punctured the aviation [...]British Airways to Lay Off 12,000 Staff
British Airways (BA) has announced plans to lay off up to 12,000 staff in the wake of the coronavirus pandemic that has seen all international passenger flights suspended, resulting in [...]Former KQ CEO, Sebastian Mikosz, Appointed IATA's VP for External Relations
The International Air Transport Association (IATA) has appointed former Kenya Airways (KQ) CEO, Sebastian Mikosz, as the Senior Vice President for Member and External Relations with effect from 1st June [...]RwandAir Slashes Salaries by Up to 65%
Rwanda's national airline, Rwandair, has announced plans to slash its employees' salaries by between 8% and 65% in the wake of the coronavirus that continues to take a toll on [...]Airbus Hints at Possible Job Cuts
European planemaker Airbus is hinting at possible job cuts in the wake of the coronavirus pandemic that has seen countries close their borders, suspend all international passenger flights, and airlines [...]Etihad Airways Extends Suspension of Scheduled Flights
UAE's flag carrier, Etihad Airways, has suspended its scheduled flights until 15th May 2020. Initially, the airline had planned to partially resume passenger flights from 1st May 2020. Etihad and [...]
