News

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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Polish Carrier LOT Abandons Plan to Take Over Condor

LOT’s parent company Polish Aviation Group (PGL) has decided not to buy German holiday company Condor, a move that brings no real surprise following the impact the COVID-19 pandemic has had so far on the aviation industry. The state-owned group had announced its intention to buy Condor for around €300 million ($327 million) back in […]

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Belgian Carriers to Remain Grounded Until Mid-May or Later

Belgian flag-carrier, Brussels Airlines, and Air Belgium have both announced extensions to their entire flight suspensions in light of the unsolved situation with the new coronavirus pandemic. Brussels has extended its grounding until at least May 15. Air Belgium has extended its suspension even further; light operations won’t restart before June 3. Brussels Airlines, a […]

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LATAM Brasil CEO Expects Pre-Crisis Levels in ‘Two or Three Years’

In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control? When demand started falling off a cliff, executives were optimistic about the […]

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U.K. and European Governments Defer ATC Charges for Airlines

The U.K. government has supported action by European authorities to allow airlines to defer the payment of charges for air navigation services. This will include charges for both the U.K. and European airspace being deferred for up to 14 months for the period between February to May 2020. According to the U.K. government’s official website, […]

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IATA Warns COVID-19 Threatens 25 Million Jobs Worldwide

The International Airlines Transport Association (IATA) has warned stakeholders that the Coronavirus crisis threatens 25 million direct and indirect jobs surrounding the airline industry worldwide; as governments across the world have restricted movement and even called for the suspension of commercial operations as the world unites to slow the spread of COVID-19. In a statement […]

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Korean Carriers Seek Financial Support from Government

With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis.  KCA warned that the pandemic put […]

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Regional Carrier Compass Airlines Operates Final Flight

Three hours and 32 minutes after pushing back from the gate at Tulsa International Airport, Compass flight 6047 pulled into a gate for the final time. Arriving at Los Angeles International Airport nine minutes ahead of schedule, the American Eagle-colored Embraer 175 and the crew and passengers inside were the last to play a part […]

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Azul’s CEO Warns That Current Bailout Package May Not Be Enough

With demand for air travel practically vanishing due to the COVID-19 pandemic, airlines around the world are trying to find the best financial solutions to assure survival during the upcoming months. Generally, along with cash-preserving measures, this incurred in seeking help from governments. For Brazilian airlines, this was no different. Executives were outspoken about the […]

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