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...]
Lufthansa plans 50% network cuts and A380 grounding
It seems the Human Malware (Covid-19) is having a deep impact at Lufthansa Group, with the group announcing it was going to cut flights by up to 50% and ground 14 aircraft - namely the A380 fleet Lufthansa Boeing 747-8i at Frankfurt Airport - Image, Economy Class and Beyond The changes will impact the passenger-carrying network - namely Air Dolomiti Austrian … [Read more...]
Aircraft Interiors Expo postponed
Following the cancellation of ITB Berlin 2020 as well as other events at the Hamburg Messe, Aircraft Interiors Expo (AIX), World Travel Catering & Onboard Services Expo (WTCE), the Passenger Experience Conference (PEC) and The Crystal Cabin Awards (CCA) have been postponed. The Hamburg Messe where Aircraft Interiors Expo is exhibited - Image, Economy Class and … [Read more...]
FlyBe collapses into administration – all flights suspended
Early this morning, FlyBe finally called in the administrators. As a result, the airline has suspended services, with no further flights to be operated. Flybe staved off a collapse in January with a cash injection of £30 million - however, this was not enough to stave off the unit collapsing. It seems additional financial support for the airline has not been … [Read more...]
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