IATA: Average airfare in Middle East to jump by 50%
This is mainly due to the social distancing measures adopted to fight the virus...
Tag : aviation
Colombian airlines Avianca files for bankruptcy
More than 80% of Avianca's income has been affected by the pandemic...
Singapore’s Temasek eyes stake in troubled Virgin Atlantic
Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group...
British Airways to restart operations partially in July
The airline group does not expect to return to full capacity until 2023...
Air Arabia slashes 57 jobs on the back of protracted pandemic
The airline has suspended operations to comply with government rules to curb the spread of coronavirus...
MidEast and APAC aviation sector to lose $36.4 bn in revenue
The estimated losses are 10% higher than previously forecasted, according to Airports Council International (ACI)...
New carrier to replace struggling South African Airways
The new carrier will have a mix of government as well as public ownership...
Thai Airways seeks $1.8 bn loan to deal with coronavirus crisis
The carrier plans to raise 77.04 bn baht in capital by issuing new shares later this year...
IATA: Oman’s airlines to suffer revenue losses of $724 mn in 2020
Oman's aviation industry could see 4.3 million fewer passengers in 2020...
UN releases framework to lift economies, save jobs
The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection...