Richard Branson’s Virgin Atlantic has operated scheduled passenger services for the first time in three months, less than a week after clinching a £1.2 billion rescue package. On Monday, the airline operated a landmark flight from London Heathrow to Hong Kong International, followed the day after by ex-Heathrow services to New York JFK and Los
After weeks of heated negotiations, Icelandair says that the airline has finally struck a deal with the Icelandic Cabin Crew Association (FFI) – reversing a decision posted two days prior that would have seen all cabin crew fired. The breakthrough came two days after it had decided to appoint pilots to oversee flight attendants’ duties,
Iceland's largest carrier has announced it will sack all its cabin crew – with pilots set to “temporarily” take over their roles from 20 July.
Following weeks of speculation from media and industry sources, Virgin Atlantic has confirmed that it has closed a £1.2 billion rescue deal. On Tuesday, the beleaguered British carrier announced that it had settled on a privately-funded recapitalisation package – one that largely mirrors leaked reports. New York-based hedge fund Davidson Kempner (DK) will provide about
British Airways has confirmed that it is poised to auction off 17 pieces of artwork from its corporate collection on 28 July, in a bid to raise much-needed cash. First to go under the hammer at Sotheby’s “Rembrandt to Richter” event will be Bridget Riley’s “Cool Edge” (pictured below). Demoted from pride of place at
Japanese start-up SkyDrive is gearing up for the first public demonstration of its “flying car” – an electric vertical take-off and landing (eVTOL) aircraft prototyped for urban air mobility. Just seven months after achieving the first unmanned outdoor sortie in December 2019, the company has announced a plan to demonstrate a manned flight to the
