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A Turkish Airlines Boeing 777-300. (Photo: AirlineGeeks | William Derrickson)

Turkish Airlines Won’t Lay Off Employees for Two Years

Turkish Airlines announced it will resist layoffs and protect their skilled labor until the end of 2021, when it expects the aviation industry to return to pre-pandemic operation levels. Amid the coronavirus pandemic, airlines are conducting reviews to reduce their fleet size and replace aging aircraft with more efficient new airliners to improve economic efficiency. As in the cases of Southwest Airlines and United Airlines, some companies are even selling and leasing back some of their aircraft to raise revenue.…

Emirates President Says Airline Will Revive its Airbus A380 Fleet

Even before the COVID-19 pandemic, the fate of the A380, the world’s largest passenger plane ever built, was sealed. Most of the operators of the double-decker giant had already planned the gradual demise of the superjumbo. In February 2019, Airbus also announced it would permanently cease the production of A380…

Chinese Government-Backed Lessor Takes Stake in Norwegian Air

Amid the coronavirus pandemic, revenue sources of most airlines are petrified, thus forcing them to struggle to maintain the survival of their business. BOC Aviation, a global aircraft leasing company and a subsidiary of the state-owned Bank of China, has become a major shareholder in the struggling low-cost airline Norwegian…

Emirates Group Reportedly Considers Mass Layoffs

The Emirates Group is considering a plan to cut around 30,000 jobs, reducing the number of employees by around 30%, Bloomberg News reported on Saturday, citing sources familiar with the matter. The Dubai, United Arab Emirates-based group is comprised of Emirates in addition to Dubai National Air Transport Association (dnata),…

Lufthansa Begins Collaboration to Develop Fuel From Sunlight

The Lufthansa Group has initiated a partnership with the Swiss Federal Institute of Technology Zurich (ETH Zurich) and the Institute’s spin-offs, Climeworks and Synhelion, to develop cost-effective carbon-neutral fuels which are entirely compatible with the current global fuel infrastructure, according to a press release. The partnership, featuring Lufthansa Group subsidiaries…

Emirates Reports Fiscal Year Results, Looks to Late 2021 for…

The Emirates Group — the Dubai, United Arab Emirates-based, state-owned international aviation company — released 2019-2020 financial results on May 10. According to the annual report released Sunday, which covers the period from April 1, 2019, to March 31, the group reported a profit of $456 million, which is a…