The global aviation industry remains to be the worst-hit industry with the unprecedented pandemic continuing to bite out the world's biggest economies which the industry plays an integral role. COVID-19 has hit African airlines with the African Airlines Association (AFRAA) calling for collaborative efforts and the stakeholders developing an "all-inclusive proactive response strategy" to address the impact of the coronavirus. Ethiopian Airlines Africa's most profitable airline, in an aim to reduce the spread of the infectious disease on Friday, March…
The relaunch of Zambian Airways may not be a new story surfacing since it last went under receivership more than two decades ago. In 2018 plans were underway for the revival of the southern African carrier by Ethiopian Airlines looking set to acquire 45 percent with an initial investment capital…
The International Air Transport Association (IATA) has reported a gloomy-looking revenue loss of approximately $113 billion caused by the spreading virus that has so far affected air travel in more than 80 countries. Airlines directly associated with China are expected to record a combined $29.3 billion in lost revenue, 21…
Though unaudited, Ethiopian Airlines (Ethiopian) posted strong half-year financial returns in the current fiscal year with Public Enterprises Agency, reporting a $260 million in profit for the 2019-2020 year. $2.1 billion recorded in revenues made it the second most profitable state-owned corporation in Ethiopia. The airline also foresees a gross…
The plan will involve a route network expansion as well as a fleet expansion with the Croatian authorities seeking investors to privatize the airline. Earlier in the year, Croatia Airlines had announced its plan on expanding its fleet with an expecting route increase which will be operated by the much…
Qatar Airways is nnouncing a codeshare agreement with Bulgaria Air that will allow the Bulgaria national carrier to offer a range of flights to Africa, the Middle East as well as in Asia. Qatar Airways, on the other hand, will be able to access new destinations in Bulgaria with the…
Kenya Airways has been granted the green light to introduce three weekly flights connecting Kenya's capital, Nairobi, with Ben Gurion International Airport in Tel Aviv. The new route will be subject to permission by the Sudanese government to fly over its airspace. Kenya Airways was previously scheduled to begin the…
Two months after taking a 60 percent stake in the newly constructed Kigali's Bugesera International Airport in Rwanda, an airport that will accommodate 10 million passengers yearly, Qatar Airways is now negotiating for a 49 percent stake in RwandAir. This news was first announced by Qatar Airways CEO Akbar Al-Baker…
Hawaiian Airlines, owned by Hawaiian Holdings Inc., has posted a strong fourth quarter financial report for 2019, recording a $49.7 million net income, $18.1 million gain compared to the same period in 2018 with a net income of $31.6 million. The pre-tax margin was recorded at 9.6 percent, 3.6 percent…
New flights between Airo and Dubin are set to launch after an announcement was made by Dublin Airport regarding the new service. This will mark the first scheduled flight between the North African city of Cairo and Dublin, Ireland operated four times weekly on Tuesdays, Thursdays, Saturdays and Sundays. This…
