Egypt set to resume regular commercial flight operations
IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021...
Tag : IATA
Singapore Airlines secures additional $1 bn in credit facilities
This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis...
Global air passenger traffic drops by 94.3% in April: IATA
According to IATA, it has not witnessed such decline in the history of IATA’s traffic series...
Airline debt to increase by 28% this year to $550 bn: IATA
The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans...
Hong Kong’s unemployment rate highest in over a decade at 5.2%
The underemployment rate hit 3.1%, the highest in more than 15 years...
EgyptAir to receive $127.39 mn to weather coronavirus crisis
The government will support the carrier until it returns to 80% of its 2019 operation...
Qatar Airways in talks to postpone aircraft purchase
The carrier is in talks with Boeing and Airbus to defer orders for several years...
IATA: Average airfare in Middle East to jump by 50%
This is mainly due to the social distancing measures adopted to fight the virus...
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...
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)...