The FINANCIAL — As Qatar Airways continues to rapidly rebuild its network across the globe and in the U.S., the airline has announced it will operate four weekly flights to San Francisco – the fifth new destination launched by the national carrier
More
Etihad Airways, the national airline of the UAE, is the country’s first airline to implement electronic technical logs (eTech logs) for airline operations. The approval from the General Civil Aviation Authority (GCAA) for implementation on Etihad’s freighter fleet accelerates the journey towards
More
The FINANCIAL — A group representing investors that collectively manage more than US$47tn in assets has demanded the world’s biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account. Climate Action 100+ is an initiative that
More
The FINANCIAL — American Airlines announced that it would shrink its workforce by 40,000, including 19,000 involuntary cuts, on 1 October, as the coronavirus pandemic continues to weigh on air travel. Other airlines such as United, British airways and Lufthansa have warned of
More
The FINANCIAL — Virgin Atlantic has introduced Virgin Atlantic COVID-19 cover, which is a complimentary COVID-19 global insurance cover for all bookings, including all existing and new ones, travelling from 24 August 2020 up until 31 March 2021. The policy is designed to
More
The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of
More
The FINANCIAL — Air travel demand in Europe is recovering from COVID-19 impact. Business aviation recovering faster than other segments and now only 9% below 2019 levels. Also, all-cargo flights are 4% above 2019 levels. Ryanair, announced it has restored over 60% of normal flight
More
The FINANCIAL — At the briefing after the Interagency Coordination Council of the Government, Minister of Economy and Sustainable Development Natia Turnava said, that around 2700 foreigners from neighboring countries of Georgia, as well as from European countries registered application to enter Georgia. Minister of Economy
More
The FINANCIAL — United Airlines (UAL) today announced second quarter 2020 financial results, the most difficult financial quarter in its 94-year history, with a net loss of $1.6 billion, and an adjusted net loss¹ of $2.6 billion. The company continues to take aggressive
More
The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced
More