Tag Archives: Aviation industry

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules. AirAsia, the region’s biggest budget carrier, was the latest airline to announce sweeping cuts …

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Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Airline Industry Crisis Deepens As Coronavirus Pain Spreads

Germany’s Lufthansa has parked 700 of its 763 aircraft. BERLIN/SYDNEY: The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a long time, and Qantas Airways told most of its 30,000 staff to take leave. The United …

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Coronavirus News Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Airlines Need Up To $200 Billion In Emergency Aid, Says IATA

Up to $200 billion is needed to rescue the world”s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing especially to African and Middle Eastern countries to provide emergency assistance. “Support measures are urgently needed,” the International Air Transport Association said in a statement, adding that “on …

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Coronavirus News Airlines May Ground 150 Planes, Stare at Quarterly Loss on Coronavirus Impact: Report

Fair Trade Regulator Sees No Evidence Of Collusion By IndiGo, SpiceJet: Report

The report said airlines already had very strained balance sheets before the coronavirus outbreak All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be “far deeper and much longer”, according …

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Coronavirus News Emirates Asks Pilots to Take Unpaid Leave, Qatar Airway Lays off Staff

Emirates Asks Pilots to Take Unpaid Leave, Qatar Airway Lays off Staff

Emirates has asked pilots to take unpaid leave Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel. The state-owned airlines have had to slash dozens of flights, …

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visa suspension due to coronavirus cost rs 8500 crore on travel tourism aviation

Visa Suspension May Cost Rs 8,500 Crore For Travel, Tourism, Aviation Sectors

The coronavirus pandemic could bring Indian travel, tourism and aviation industries to a halt within next ten days, especially with the government suspending visas for a month, a move that could cause an immediate economic impact of at least Rs 8,500 crore, according to industry players. Industry bodies, including Indian …

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