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Latest Articles in aviation sector

EasyJet Warns First Ever Annual Loss Could Top $1 Billion

The headline loss before tax forecast for the year ended Sept. 30 of 815-845 million pounds was worse than the loss of 794 million expected by analysts

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Malaysia's AirAsia X To Stave Off Liquidation With $15 Billion Debt Restructure

AAX's announcement comes days after Malaysia Airlines said it had reached out to lessors, creditors and suppliers for urgent restructuring due to the pandemic.

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SpiceJet To Connect Delhi & Mumbai With London Heathrow From December 2020

First Indian low-cost carrier to launch non-stop long-haul flights to UK London to be SpiceJet’s 10th international destination; Flights will operate under India-UK air bubble agreement

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Malaysia's Airasia Looks To Lay Off Staff - Bernama

AirAsia Malaysia's layoffs would be completed by the end of this month, while affected AirAsia X staff will be leaving end of October.

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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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