The World of Aviation
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Branson offloads Virgin Galactic shares to rescue Atlantic
/British business magnate Sir Richard Branson has taken steps to sell some $485m (USD) worth of stock in his publicly-traded space venture, Virgin Galactic, to “support [his] global leisure, holiday and travel businesses.”
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Airline updates: Avianca, world’s second oldest airline, files for bankruptcy
/ | 1 Comment on Airline updates: Avianca, world’s second oldest airline, files for bankruptcyThe world’s second-oldest airline and the second-largest in Latin America, Avianca, has filed for bankruptcy after failing to meet a bond payment. The airline was forced to announce this bankruptcy due to the wide-ranging effects of the COVID-19 pandemic. The closure of borders and shelter-in-place orders has severely restricted the airline’s operations, leading to significantly
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Hart named United’s next president as airline responds to packed flight
United Airlines has announced Brett Hart will become its president effective from 20 May 2020. Brett Hart is the current executive vice president and chief administrative officer at United. He has served at United since 2010. He will take on the president role as current president Scott Kirby moves to take over as CEO from
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Monday airline updates: airBaltic receives €250m bailout
/ | 1 Comment on Monday airline updates: airBaltic receives €250m bailoutAirBaltic has announced that it will receive a €250 million investment from the Latvian government.
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TSA data shows uptick in traveller numbers as COVID-19 slows
/The Transportation Security Administration (TSA) screened over 200,000 passengers on May the 8th. This is the highest volume it has experienced since March.
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Air France, Iberian and Singapore announce new COVID-19 measures
/Spanish national carrier Iberian, Singapore Airlines and Air France are among the airlines to recently announce new coronavirus screening measures for flights
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