Virgin Atlantic has managed to secure its financial future thanks to a £1.2 billion ($1.5 billion) package that will assist the airline to navigate away from the financial turbulence caused by the COVID-19 pandemic, saving the company from collapsing into administration. The news will bring relief to many of its employees who have managed to keep their jobs after the airline reduced its workforce by 3,150, roughly a third of its total workforce. Virgin, which began operations in 1984, was…
The Atlantic City airport authority and a start-up charter operator have reached an agreement to make Atlantic City a base of operation for the airline. Global Crossing Airlines is attempting to gain FAA certification to begin operations as a charter operator. The airline, based in Miami, will look to operate…
Another retrojet is joining the ranks, but this one will be one of the harder ones to fly on. Cargo carrier Cargolux Airlines International announced it has created its own retrojet in commemoration of the airline’s 50th anniversary in May. The Boeing 747-400F(ER) that has been painted in retro colors…
South African Airways has sent its Airbus A330-200 and A350-900 to Teruel Airport in Spain for long term storage amid locked horns with staff and management over the furloughing process and calls to liquidate the airline. Teruel Airport is located in Spain outside the town of Teruel and hosts aircraft…
Airbus, the European multinational aerospace company, provided the aviation industry some positive news with a strong month for commercial aircraft deliveries in June. In a press release provided by the aircraft manufacturer, Airbus reported delivering 36 new aircraft in June. In previous months, deliveries were softer primarily due to the…
Delta Air Lines this morning became the first U.S. airline to report second-quarter earnings. After a full three months full of depressed traffic and drastic cost-cutting measures coming on the heels of huge industry fallout stemming from the COVID-19 pandemic, the airline reported a loss of $7 billion on revenue…
While the demand for travel continues to slowly increase around the world, things are not all positive in the airline industry. Dallas-based Southwest Airlines is facing the possibility of having to carry out furloughs unless passenger numbers change drastically. While the exact number of possible layoffs was not announced, it…
Customers have taken up a class action lawsuit against El Al Israel Airlines at the Central District Court over its actions to refund customers whose flights have been canceled due to pandemic-related restrictions, the airline announced in a statement to the Tel Aviv Stock Exchange on 12 July. Israel’s flag carrier airline…
Mesa Air Group, a major regional carrier in the United States, announced Monday that it will provide air cargo services for DHL Express starting this year. Mesa will inaugurate the Boeing 737-400F into its fleet for the flights. The contract will see Mesa operate two cargo aircraft out of Cincinnati/Northern…
Amidst the continuing global pandemic, Japan Airlines and Malaysia Airlines are eager to overcome the obstacles of the current, revamped airline industry that is filled with uncertainty, major repercussions, temporary travel restrictions and new, transformative policies. Both carriers — which are a part of the Oneworld alliance, the world’s third-largest…
