EasyJet has said its finance director Andrew Findlay will step down in a year’s time in the latest twist in an ongoing dispute between management and the LCC’s founder and biggest shareholder, Stelios Haji-Ioannou.
Three years after America lifted most sanctions against Sudan, local carriers like Tarco Aviation are still in a fight for survival. Bushra Abushora, the airline’s strategic planning director, told Martin Rivers how the sector is coping.
The International Air Transport Association (IATA) has released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020.
LATAM Airlines has become the latest high-profile victim of the COVID-19 crisis as it filed for Chapter 11 proceedings on May 26 at the U.S. Bankruptcy Court for the Southern District of New York.
Thai Airways has made sweeping changes to its board as it begins its restructuring and the government has reduced its majority stake in the carrier to ease the process.
FRANKFURT—The German government approved a €9 billion ($9.8 billion) rescue package for Lufthansa May 25, keeping the airline out of insolvency while returning as its largest shareholder.
Mitsubishi Aircraft is mothballing its SpaceJet flight testing operation in the U.S., consolidating operations in Nagoya, Japan, and closing all offices elsewhere, a spokesperson for the company said.
The National Telecommunications and Information Administration has petitioned the Federal Communications Commission to reconsider its controversial order granting Ligado Networks access to radio frequency spectrum for a ground-based 5G network near the GPS allocation.
Turkish Airlines has extended its suspension of international flying by a further 13 days until June 10 in line with decisions taken by Turkish authorities to curb the spread of the coronavirus in the country.
LOT Polish Airlines has joined the increasing tide of companies planning imminently to resume flights, with reinstatement of some domestic services from June 1.
Ryanair subsidiary Laudamotion—Austria’s second largest airline behind Austrian Airlines—confirmed May 22 that its Airbus A320 base in Vienna will close on May 29 with the loss of over 300 pilot and cabin crew jobs as no collective labor agreement (CLA) with trade union Vida had been signed.
Helsinki Airport in Finland is pressing ahead with plans to build a new Terminal 2, despite operations being severely impacted by the COVID-19 pandemic.
The FAA will permit U.S. airlines to carry cargo on passenger seats through year end, citing “unprecedented circumstances” associated with the COVID-19 pandemic.
