Earlier this week, Boeing pushed out several announcements of its production of aircraft. And whilst there's a lot of noise about the end of Boeing 747 production, there's a lot more to unpack that just the Queen of the Skies. Let's look in a bit deeper. Boeing 737 MAX Programme The Boeing 737 MAX Programme is still under scrutiny post FAA testing. Boeing 737 MAX 7 … [Read more...]
KLM prepares to cut 5,000 staff
KLM is preparing to make cuts to its staffing, with up to 5000 staff facing the prospect of losing their jobs. A brace of KLM Boeing 737s at their home base of Amsterdam Schiphol - Image, Economy Class and Beyond COVID-19 has not been kind to the airline, with the airline operating 10% of its original number of flights by the start of April, growing to 15% in the second … [Read more...]
Virgin Atlantic gains £1.2 Billion Recapitalisation
After months of talking to creditors, it seems that Virgin Atlantic has reached a major milestone towards securing its future today, by announcing plans for a private-only recapitalisation of the airline. Virgin Atlantic Boeing 787-9 at London Heathrow - Image, Economy Class and Beyond The plan is based on a five-year business plan, with the support of Virgin Group, … [Read more...]
Malaysia Airlines and Japan Airlines sign Joint Business Agreement
Malaysia Airlines and Japan Airlines have signed a new Joint Business Agreement, tightening their agreement on operations between Malaysia and Japan. Malaysia Aairlines Airbus A330-300 at Kuala Lumpur International Airport - Image, Economy Class and Beyond The new joint business partnership will formally launch on 25 July 2020, where the two carriers will cooperate … [Read more...]
Air France to cut 7,500 jobs
It seems that COVID-19 has hammered Air France hard, with over 7,500 jobs to be cut from Air France and HOP! Air France Airbus A319 taking off from Birmingham Airport - Image, Economy Class and Beyond With a drop of 95% of revenue during the crisis and the recovery being very slow due to the changing picture of COVID-19, Air France predicts that it will not see the same … [Read more...]
LEVEL Europe files for bankruptcy
LEVEL Europe - the IAG Vienna short-haul airline has filed for bankruptcy, with the company ceasing trading today (18th June). The short-haul carrier based out Amsterdam and Vienna had been grounded in March 2020 due to the outbreak of COVID-19. The notice on their site is blunt - to put it nicely. LEVEL Europe had six Airbus A320 family aircraft in its fleet. This unit … [Read more...]
Lufthansa edges towards acceptance of state aid … but will lose slots in the process
It seems the Lufthansa group has swallowed its pride and has chosen to accept revised conditions that the European Commission has imposed, so it can access €9 billion of German state aid. Lufthansa Boeing 747-8i taxing out of Chicago O'Hare - Image, Economy Class and Beyond. In addition to what the group will have to give up in terms of ownership as part of the bailout … [Read more...]
Lufthansa to be offered state bailout aid….and guess who isn’t happy
It seems Lufthansa and the German Government have come to an arrangement of state aid for the airline group. And someone isn't happy unsurprisingly. Lufthansa Boeing 747-8i at Frankfurt Airport - Image, Economy Class and Beyond. The aid agreement between Deutsche Lufthansa and the Federal Republic of Germany covers stabilization measures and loans of up to EUR 9 … [Read more...]
Delta and LATAM sign their join venture agreement
Whilst there are many issues in the world at the moment, the business of aviation continues - with Delta Air Lines and LATAM Airlines Group (along with its affiliates) signing a trans-American Joint Venture Agreement. LATAM Boeing 777-300ER in Stormtrooper livery - Image, Economy Class and Beyond Once regulatory approvals are granted, this will allow the two … [Read more...]
Boeing walks away from Embraer Joint Venture
It seems that Boeing has chosen to walk away from Embraer and the planned joint venture agreement. Embraer E195-E2 - Image, Embraer. The Chicago based company terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create a joint venture comprising … [Read more...]
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