Asia-Pacific LCCs face major hurdles as they struggle to survive the network shutdowns caused by the COVID-19 crisis, but their business models also give them some factors in their favor as they plan for recovery.
FRANKFURT—An extraordinary assembly of shareholders and the European Commission (EC) has approved a €9 billion ($10.1 billion) state bailout for Lufthansa, clearing the way for the airline to begin its long route to recovery and avoid an imminent bankruptcy filing.
UK-based easyJet is launching a share placement worth up to £450 million ($558 million), in the budget carrier’s latest move to shore up its finances since the COVID-19 crisis took hold.
Qantas Airways has unveiled a three-year strategy to prepare for a slow airline industry recovery, including cutting 6,000 workers, storing or retiring larger widebody airliners, and raising A$1.9 billion ($1.3 billion) in new equity to fund its plans.
IATA CEO Alexandre de Juniac yesterday stressed at IATA’s media briefing the urgent need for governments to address the quarantine issue, and for countries seeking to open up their economies, travel and tourism is a critical sector.
Guy Norris and Joe Anselmo discuss how the project to develop the 21st Century’s first civil supersonic airliner is moving forward and have their questions answered by Boom Supersonic CEO Blake Scholl.
Federal Communications Commission (FCC) members on June 24 acknowledged a need to reform spectrum decision-making following their controversial action to grant Ligado Networks the use of frequency bands near those used for GPS and satellite communications.
Aviation industry groups have appealed to the European Commission (EC) to extend the slot-waiver policy into the northern winter season. The groups say such an extension is essential for many airlines to survive.
