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Emirates May Take Years Until It Flies All of Its Routes Again

Posted By Tony Sanchez / Airlines / 0 Comments

June 2, 2020 A slow recovery for Emirates, a Dubai-based airline owned by the U.A.E., will mean layoffs for the carrier, which employs about 60,000 people Emirates‘ outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated […]

Lufthansa agrees to the German stabilization package and loss of slots

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June 1, 2020 At its meeting on May 30, the Lufthansa Executive Board decided to accept the commitments offered by Germany to the EU Commission for the stabilization package negotiated with the Economic Stabilization Fund (WSF) of the Federal Republic of Germany. The scope of the conditions required in the EU Commission’s view has been […]

Embraer Earnings Results 1st Quarter 2020

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June 1, 2020 Embraer delivered five commercial jets and nine executive jets (five light / four large) in 1Q20, and the Company’s firm order backlog at the end of 1Q20 was US$ 15.9 billion; EBIT and EBITDA in 1Q20 as reported were US$ (46.9) million and US$ 9.3 million, respectively, yielding EBIT margin of -7.4% […]

UPS to match carbon offsets of all parcels shipped in June

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June 1, 2020 UPS today announced the company will commemorate World Environment Day on June 5 by matching the carbon offsets of all  parcels shipped via its carbon neutral program during the month of June. UPS carbon neutral counterbalances the estimated carbon impact of each shipment by purchasing certified carbon offsets. “There is truly no better […]

ANA Holdings undertakes $3.3 billion debt financing

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May 29, 2020 All Nippon Airways’ parent company has decided to undertake a fresh round of debt financing from the Development Bank of Japan, amounting to Y350 billion ($3.3 billion). The agreement is subject to a 29 June borrowing deadline and the debt financing will be repaid over the long term, “determined by negotiation with […]

Emirates Expects Entire Airbus A380 Fleet To Be Flying By 2022

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May 29, 2020 UAE carrier Emirates expects its entire fleet of Airbus A380s to have returned to the skies by summer 2022. The carrier is by far the largest operating the Airbus A380, with the airline operating around half of the world’s Airbus A380s. Unfortunately, for some airlines, the Airbus A380 is becoming a dying […]

American Airlines Will Reduce Management by 30 Percent

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May 28, 2020 With the government payroll aid conditions approaching, downsizing has begun in earnest for this U.S. carrier. American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public […]

United Airlines inaugural cargo-in-cabin flight commences operation from LHR to ORD

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May 27, 2020 Following the recent approval from the Federal Aviation Administration (FAA) to carry cargo in approved storage areas in the passenger cabin, United Airlines inaugural cargo-in-cabin flight has recently commenced operation from London Heathrow (LHR) to Chicago (ORD) carrying over 4,200 pounds of mail in the passenger cabin, plus a full payload of […]

Latin American Airline Latam Files for Chapter 11 Bankruptcy Protection

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May 26, 2020 The carrier now faces a hard sell in convincing other shareholders to shore it up with additional financing. Latin America’s largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the U.S. […]

Major lessors now hold substantial interests in Norwegian

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May 20, 2020 Chinese-linked interests will hold significant shareholdings in Scandinavian budget carrier Norwegian following a debt-to-equity conversion scheme established to shore up the company’s financial position. Norwegian’s new share capital amounts to nearly 3.07 billion shares following the conversion scheme. Leasing firm BOC Aviation – which is Singapore-based, but ultimately controlled by Bank of […]