News

Avianca Holdings Files for Chapter 11 Protection, Closes Peru Subsidiary

Avianca Holdings and some of its subsidiaries “voluntarily file[d]” for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and Tampa Cargo, Ecuador-based Aerogal and […]

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Bailout for Brazilian Airlines Likely to Be Confirmed Next Week

After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over the country’s airline industry, just […]

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Airbus Announces Progress on Biotechnology Solution for Aviation Security Issues

Earlier this week Airbus announced that it, along with California-based biotechnology and artificial intelligence company Koniku Inc., has made a “significant step” forward in the development of a “disruptive biotechnology solution” for aircraft and airport security operations by extending research to include biological hazard detection capabilities. The two companies originally entered into a cooperation agreement […]

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Lufthansa Group to Restart Flights to 106 Destinations in June

Lufthansa, Eurowings and Swiss Air Lines will restart a number of services to domestic and European destinations from June after seeing a growing interest in air travel by its passengers. The Lufthansa Group, the parent company of those three airlines in addition to numerous others, will bring 80 aircraft back into service. This means that […]

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Airbus Moves a Step Closer Towards Technology for Safer Skies

Airbus has announced that it has made a step forward in co-developing a solution for air travel security operations. In partnership with Koniku Inc., the European Aerospace consortium has begun researching into the capability to detect biological hazards, as well as chemical and explosive threats, on an aircraft or in an airport. The ‘solution’, the […]

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In Midst of Multi-Billion-Dollar Losses, SkyWest Posts First Quarter Profit

SkyWest Airlines — the St. George, Utah-based regional airline that operates flights on behalf of numerous large American carriers — announced its first-quarter earnings on Thursday, reporting a $30 million profit even as the country’s largest airlines saw losses in the billions of dollars. The company, which did still see its stock price fall in […]

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Lufthansa Group Extends Negotiations Over Government Aid

Over the last few weeks, Lufthansa Group has been negotiating with German, Austrian and Belgian governments over rescue packages after the group made a $1.3 billion loss during the first quarter of the year amid the COVID-19 crisis. Reports by Bloomberg revealed that Lufthansa was negotiating a 10 billion euro ($10.3 billion) bailout from the […]

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Virgin Atlantic to Remove 3,150 Jobs and Boeing 747 Fleet

Virgin Atlantic has announced that up to a third of its workforce will be made redundant as the airline attempts to “reshape and resize” itself for the future. On top of the job cuts, Virgin will remove the Boeing 747 from its fleet and will also move out of Gatwick Airport in an effort to […]

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