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 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...]

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 - 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...]

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...]

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...]

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...]

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...]

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...]

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...]