Qatar Airways warns of substantial job losses, plans to reopen routes in late May
Qatar Airlines has issued a company notice warning cabin crew to prepare for redundancies, as the impact of the disruption takes its toll on Qatar’s financial health. In the notice to cabin crew, reported by Reuters, Qatar states: “We have to face a new reality, where many borders are closed, rendering many of our destinations
Thursday airline updates: Ethiopian considering rescue of smaller African airlines
Ethiopian Airlines, the largest airline in Africa, has stated it is ready to rescue other airlines within the continent including the failing South African Airways. This comes despite Ethiopian having its own difficulties due to the COVID-19 pandemic. Chief executive Tewolde GebreMariam has also stated he wants to rescue Air Mauritius, which has gone into
Embraer looks towards government support
Brazilian aircraft manufacturer Embraer has sought advisory assistance in an move towards formally requesting Brazilian government support after a deal with Boeing fell through. Embraer has hired an investment bank, Itau BBA, to advise in talks with the Brazilian Development Bank (BNDES) for government support. The plane manufacturer is seeking credit lines of between $1
In an effort to survive the ongoing coronavirus pandemic, Virgin Atlantic is cutting over 3000 staff, a third of its workforce, and will cease using London's Gatwick airport in yet more cost cutting measures.
Alaska Airlines has announced a huge Q1 loss of $102 million, with its capacity plunging by 80 per cent in April.
Air Canada CEO Calin Rovinescu has dramatically announced the world is living through “the darkest period ever in commercial aviation”.
