The government is reportedly preparing Pelita Air Service to replace the state-owned airline Garuda Indonesia. Garuda Indonesia is facing the threat of failing to restructure after incurring debt whose value is said to have exceeded Rp 70 trillion. PT Pelita Air Service (PAS), an airline owned by PT Pertamina (Persero) is planned to serve scheduled flights to replace PT Garuda Indonesia (Persero) Tbk. So far, the airline led by Albert Burhan is a charter airline with experience in the oil…
Japan Airlines has announced temporary changes to its domestic network in response to the Japanese government's efforts to contain COVID-19 in the country. Japan Airlines Group, the airline's parent company, is expecting a slight decline in travel demand next month in response to the rising number of Covid-19 cases reported…
The aviation industry continues its pursuit towards addressing air pollution and minimizing the carbon footprint, in a time when businesses and enterprises are being urged to formulate energy-efficient and sustainable initiatives to address climate change. Major airlines and aircraft manufacturers proposed commitments and projects, which specific agencies within national governments…
As the coronavirus pandemic is reshaping the commercial aviation industry, airlines are taking all measures necessary to weather the storm and survive this unprecedented crisis. During difficult times like these, more than ever cash is king, so all carriers have launched a series of initiatives to improve their cash position…
Just days after announcing they would be indefinitely suspending all operations, El Al Israel Airlines agreed to become nationalized. This development is part of a plan regarding a bailout for the airline that has had significant financial struggles due to the COVID-19 pandemic. The Israel-based carrier and its controlling shareholder…
Portugal’s government has agreed to pay €55 million ($62 million) to increase its stake in TAP Air Portugal, the national airline, to prevent the carrier from going bankrupt. The government will own a 72.5% stake in the airline, up from the 50% stake it’s held since partially privatizing the airline…
Deutsche Lufthansa AG shareholders have agreed to support a bailout package from the German government which will assist the airline group to survive in a post-COVID environment. At the ‘Extraordinary General Meeting’ held on Thursday, the €9 billion ($10.1 billion) package which gives the government a 20% stake and two…
Ryanair has announced that over 250 office jobs have been lost due to the COVID-19 pandemic. These jobs have been cut at its offices in Dublin, Madrid, Wroclaw in Poland and Stansted near London, which are due to re-open on June 1. Ryanair staff levels will reduce in four of…
The current crisis that is heavily affecting all carriers around the world could profoundly change the landscape of the airline industry for the years to come. According to the Dutch financial newspaper Financieele Dagblad, Air France and KLM may return to operate as independent carriers. The two airlines merged in…
After the decision by the Italian Government to renationalize Alitalia due to the current crisis caused by the COVID-19 pandemic, a few details are starting to surface concerning the future shape and size of the newly re-formed Italian flag carrier. The first rumors leaked from governmental sources were suggesting a…
