IAG subsidiary LEVEL France to cease operations
A month after LEVEL Europe entered insolvency, OpenSkies, which operates under the LEVEL France brand, announced it would cease activities. The closure of the two IAG subsidiaries is a way for the group to save costs.
Unable to sustain the drop in long-haul demand, the Paris-Orly based airline will be closing operations shortly. From July 15, 2020, discussions with the trade unions will start to negotiate the terms of a job protection plan.
OpenSkies was created in 2008, when British Airways acquired the two-year-old French airline L’Avion. Since 2018, LEVEL France has been the low-cost long-haul subsidiary of the IAG group. It operated a fleet of three Airbus A330-200s on routes towards Fort-de-France, Montréal, New York, and Pointe-à-Pitre.
On June 18, 2020, LEVEL Europe, a short-haul carrier based in Austria, entered insolvency. The last surviving airline of the LEVEL brand, based at Barcelona–El Prat Airport (BCN), is expected to continue operations.
US sets new tariffs on plane parts from France & Germany
The United States imposes new upgraded tariffs on aircraft parts from France and Germany. ...
Nordica to acquire LOT stake in Xfly, become sole owner
Estonia‘s Nordica and LOT Polish Airlines reached an agreement to amend the ownership of their joint subsidiary Xf...
Boeing-Airbus row: Trump administration plans new tariffs
As part of the dispute between Boeing and Airbus over subsidies, the Trump administration will impose new tariffs on Eur...
Finland to help Finnair with €400 million hybrid loan
The Finnish government plans to support the national flag-carrier Finnair with a €400 million hybrid loan....