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. […]
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 by 2021 due to getting […]
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 Air Shuttle. Norwegian Air said […]
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), a company providing ground services […]
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 Swiss International Air Lines and […]
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 significant drop compared to last […]
