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EL AL Seeks $400 million From Israeli Government
Israeli flag carrier El Al, which has been crippled by the COVID-19 pandemic, is seeking state-guaranteed bank loans of up to $400 million after finding itself in a serious cash flow crisis leading to a halt in its passenger operations. The company has already taken various measures to tackle the crisis to improve its liquidity […]
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Qatar Airways Plans to Reduce Fleet by 25 Percent
Air travel has been greatly impacted by the coronavirus pandemic and aircraft are gradually becoming airborne again after months of hiatus and uncertainty caused by the COVID-19 crisis. Qatar Airways CEO Akbar Al Baker may share the same idea but he is a little skeptical that air travel will take some time, if not years, […]
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African Express Airways Embraer 120 Crashes in Somalia
A Kenyan-registered aircraft belonging to African Express Airways with registration 5Y-AXO crashed as it was approaching the Bardale Airstrip in Somalia on at around 4 p.m. on Monday. The aircraft was reportedly carrying six passengers aboard including two Kenyan pilots, a trainee pilot, a flight engineer and two other airline employees. Both the Kenya Civil […]
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Air France Slated to Receive 7 Billion Euro Bailout Package
The European Union on Monday approved a French state aid of €7 Billion consisting of state loans and state-guaranteed bank loans to aid Air-France in its urgent liquidity in the face of the coronavirus pandemic. The European competition watchdog exercised its commission under Article 107(3)(b) of the Treaty on the Functioning of the European Union […]
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South African Express Placed Under Liquidation
South African Express has become one of the latest victims of the global pandemic as the South African High Court gave an order on Tuesday, April 28., for the provisional liquidation of the airline. The airline has been under a form of bankruptcy protection since February and had suspended its services on March, 18 in […]
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South African Airways Liquidation Unlikely for Now
The immediate liquidation threat of South African Airways (SAA) may be averted for now as announced by the Department of Public Enterprises (DPE) on Saturday. The new deadline for the proposed employment agreement has also been extended to May 1, 2020. DPE also acknowledged an agreement was reached in a meeting to establish “different cooperative […]
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IATA: More Clarity on Government Relief Measures Amid COVID-19 in Africa
International Air Transport Association (IATA) has renewed its call to nations in the continent to step up their efforts towards aviation relief for airlines to aid in the survival of the industry, even as COVID-19 impacts continue to consume the region’s aviation sector which is now on the verge of collapse. This comes barely a […]
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Ethiopian Banking on Cargo Operations and Business Ventures as its Recovery Plan, Dismisses Plans for Fleet Expansion
Cargo business now seems to be the new normal for airlines trying to navigate this COVID-19 pandemic now that there is reduced passenger demand, with Ethiopian Airlines now seemingly headed in the same direction to ensure its survival having lost $550 million between January and April. The airline CEO Tewolde GebreMariam’s talks involve being cautiously […]
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RwandAir Looking to Commence Cargo Flights Amid COVID-19 Scare
With regards to low passenger demand for air travel, RwandAir may soon opt for air-freight services to navigate the unprecedented COVID-19 pandemic at a time when airlines are seeking new and creative ways to remain operational in the face of the pandemic. This is according to multiple reports in Kigali that suggests that Rwanda’s flag […]
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Qantas Inks Pay Deal with Pilots for ‘Project Sunrise’ Flights
The much-publicized ultra-long-haul flight that involves routes from Sydney and Melbourne to London, Paris and New York dubbed as ‘Project Sunrise’ is a done deal as Australian International Pilots Association (AIPA) have reportedly agreed with the new pay deal with Qantas according to the Sydney Morning Herald. AirlineGeeks in February reported locked horns between Qantas […]