Airbus Deliveries Rise 50% in June 2020
European planemaker, Airbus, recorded a 50% increase in plane deliveries in June compared to May 2020, the highest number since the onset of the coronavirus pandemic in March this year. [...]
Air France-KLM Announces 7,500 Job Cuts
Air France-KLM plans to cut 7,500 jobs at its French subsidiary. The job cuts will eliminate 6,560 positions at its Air France flagship, while its regional carrier Hop! will lose [...]Airbus Slashes 15,000 Jobs
European planemaker, Airbus has announced plans to slash 15,000 jobs worldwide, translating to 15% of its workforce in the U.K. The job cuts include 5,000 positions in France, 5,100 in [...]Turkish Airlines Slashes Pilot Salaries by 50%
Turkey’s national carrier, Turkish Airlines, plans to slash pilot salaries by 50% as well as reduce the salaries of other employees. The move seeks to increase its finances after most [...]Tesla Beats Toyota to Become World's Most Valuable Automaker
Tesla has overtaken Toyota to clinch the first position, becoming the world's most valuable automaker. Shares of the electric car maker rose nearly 4% to hit an all time high [...]India Bans TikTok and 59 Chinese Apps Over Sovereignty Concerns
India has banned TikTok, and 59 other Chinese apps as tensions escalate between the two countries. A statement from the Country's Minister of Electronics and Information Technology says that the [...]Norwegian Air Cancels 97 Boeing Max Dreamliner Orders
Norwegian Air has canceled orders for 97 Boeing aircraft in addition to claiming compensation from the planemaker for the grounding of the 737 Max and 787 engine troubles. The airline [...]Boeing Set to Begin 737 Max Certification Flight Tests
Boeing, the American planemaker, is set to begin the 737 Max certification flight tests on Monday, 29th June 2020, seeking to get approvals to return to service. AsReutersreports, pilots and [...]Amazon Acquires Autonomous Driving Startup Zoox for $1.2 Billion
Amazon has signed a deal worth $1.2 billion to acquire autonomous driving startup, Zoox; a company looking to build autonomous driving vehicles from scratch. Details of the agreement reveal that [...]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 [...]Google to Pay News Publishers in New Licensing Program
Google has announced that it will be paying news publishers for high-quality content in its new licensing program set to debut later this year. The program will help licensed publishers [...]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. [...]
