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Latest Articles in aviation sector

Ryanair Cuts Capacity Further, Citing Travel Restrictions

Ryanair flew about 12 million passengers in the first five months of the current financial year and has yet to release data for September.

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Boeing 737 MAX Safety Upgrades Are 'Positive Progress' - NTSB

Aside from the FAA's final airworthiness directive, Boeing is facing reviews by foreign regulators, who are also weighing new pilot training procedures.

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737 MAX Crash Victims Seek U.S. Legislation To Block Boeing Legal Strategy

Boeing has already settled the majority of lawsuits related to the Lion Air crash but is still the target of a U.S. federal criminal probe and investigations by U.S. lawmakers and aviation and transportation authorities.

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Covid Impact: SpiceJet Q1— Loss Due To Flight Suspension

SpiceJet reported a net loss of Rs 593.4 crore for the April-June 2020 quarter (Q1) due to Covid. However, its Cargo revenue more than doubled during this period even as the company launched aggressive cost reduction plans

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Delta Pledges Loyalty Program To Raise $6.5 Billion

Delta had $15.7 billion in liquidity at the end of June, which it said equaled about 19 months of financial runway at a daily burn rate of $27 million.

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Etihad To Provide COVID-19 Insurance To Passengers To Boost Travel Confidence

Medical costs of up to 150,000 euros ($177,000) and quarantine costs of up to 100 euro a day for 14 days will be covered by Etihad for its passengers who contract the disease within 31 days of first travel.

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Ryanair's August Traffic Up 59% Month On Month To 7 Million

Traffic was down 53% year on year after Europe's biggest budget carrier operated around 60% of its normal August schedule.

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El Al Airlines To Fly Israel's First Direct Flight To UAE, Airport Timetable Shows

The flight between Tel Aviv and Abu Dhabi is expected to carry an Israeli delegation and accompanying U.S. officials for talks on cementing Israel and the UAE's normalisation agreement.

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Qantas To Cut Up To 2,500 Jobs As It Outsources Ground Handling In Australia

The expected job cuts are on top of 6,000 across its workforce announced in June, which would take the total job losses to nearly 30% of its pre-pandemic staffing.

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EasyJet Finances Still Under Review After $266 Million Sale And Leaseback Deal

EasyJet has spent recent months strengthening its balance sheet after COVID-19 halted travel, and while flying has restarted, the pandemic is still causing restrictions with the UK adding France to its quarantine list on Thursday.

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US Leaves Tariffs On Airbus Aircraft Unchanged At 15%

The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.

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Cathay Forecasts Weak Passenger Demand But Stronger Cargo After Record Loss

Cathay expects passenger capacity to operate at around 8% of normal in August and September, down from an earlier forecast of up to 10% as travel restrictions continue, Chief Executive Augustus Tang said.

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British Airways Makes Progress With Job Cuts

British Airways, which had 42,000 staff at the beginning of the pandemic, has already agreed a jobs deal with pilots union BALPA for a pay cut of about 20% and some compulsory job cuts estimated around 270.

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Lufthansa Plans Compulsory Lay-Offs As Forecasts Travel Slump To 2024

The sharp drop in passenger numbers pushed Lufthansa to a quarterly adjusted operating loss of 1.7 billion euros, the worst performance in its 65-year history.

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Virgin Australia To Slash Workforce, Focus On Short Haul Under Bain

Virgin's board selected Bain as the winning bidder in late June of an auction that followed the airline's entry into voluntary administration in April.

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