The FINANCIAL — KLM is in the midst of the worst crisis in its 101-year history, with the COVID-19 pandemic eroding its strong performance of recent years. The EUR 3.4 billion loan package, consisting of a government loan and guarantees on bank
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The FINANCIAL — KLM subsidiary KLM Cityhopper has a fleet of Embraers serving European destinations. It decided to investigate the capabilities of VR in an effort to respond more flexibly to pilots’ differing training needs. “Virtual Reality (VR) makes training more accessible.
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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
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