Air France plans to cut 7,500 jobs by 2022, unions protest
Air France group reportedly plans to cut more than 7,500 jobs by the end of 2022. The flag…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
SAS announces recapitalization plan; to raise $1.5 billion
Despite earlier measures to keep the company intact, Scandinavian Airlines Systems (SAS) announced a recapitalization plan in order…
Norwegian cancels all remaining Boeing orders
Norwegian Air Shuttle announced it would cancel its pending order for 92 Boeing 737 MAX and 5 Boeing…
Air France-KLM to receive €3.4 billion in Dutch aid
Two months after France decided to grant €7 billion to the airline group, the Netherlands comes to the…
Air Canada raises additional capital to bolster cash positions
Air Canada (ADH2) raised an additional $909 million (CAD1.23 billion) of capital in order to bolster its financial…
Berlin fails to convince main shareholder as Lufthansa leaves DAX
The aviation giant Lufthansa (LHAB) (LHA) officially left the DAX index which regroups the biggest German companies on…
An increasing debt that won’t be sustainable for a long time
Three months after the lockdown was announced all over the world, what is the current situation of civil…
Death of the low-cost carrier in Europe?
Over the past decade, low-cost carriers around the world made huge strides in capturing more and more of…
Lufthansa has 26,000 employees too many; pilots cut wages by 45%
While the saga of the $9.8 billion (€9 billion) state aid package to Lufthansa (LHAB) (LHA) is yet…
Qatar Airways Al Baker reiterates support for bankrupt LATAM
Qatar Airways says it has enough liquidity on its own and does not need the government’s help to…
French state unlocks €15 billion to support aerospace sector
The French Minister of Economy and Finance, Bruno Le Maire, announced a massive support plan for the country’s…
Austrian Airlines to receive €600 million state aid package
Austrian Airlines, the flag-carrier of Austria, announced that it will be getting a sum of €600 million euros…
Emirates and Etihad extend wage cut to September 2020
The two gulf companies Emirates and Etihad have decided to prolong to September 2020 the wage reduction they…
Cost of the crisis? Lufthansa burning $896 million per month
There is no doubt that the coronacrisis is an unprecedented event in the history of the aviation industry.…
Another government bailout for South African Airways?
The South African government is ready to inject more cash into South African Airways, a leaked draft plan…
Two final bidders picked for Virgin Australia takeover
Virgin Australia administrators announced that two potential buyers remain to compete for the airline takeover, after its collapse…
Ryanair gives ultimatum to French pilots: 20% wage cut or layoff
Expecting losses in the second quarter of 2020, Ryanair plans to cut wages by 20% among pilots and…
“Hibernating” Norwegian doubles losses in Q1
The long-haul low-cost carrier, which flexed its muscles when it entered the long-haul market with the no-frills model,…