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Latest Articles in aviation sector

AAPA Calls For Review Of COVID-19 Travel Bans

The airline industry is fully committed to the safety and well-being of the travelling public, said AAPA Director General Andrew Herdman.

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IATA Requests Global Suspension Of Slot Rules Due To Coronavirus

The world is facing a huge challenge to prevent the spread of COVID-19 while enabling the global economy to continue functioning.

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Lufthansa To Cut Flight Capacity Due To Coronavirus Spread

Lufthansa said it is not yet possible to estimate the financial impact of the current developments. Annual results will be published on March 19, 2020.

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Airlines At Centre Of Storm As Coronavirus Spreads

British Airways has in recent days cancelled flights to and from Italy, Singapore and South Korea, after it suspended all direct flights to China in January. IAG said further cancellations would follow in the coming days.

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Which Firms Will Profit From Coronavirus Outbreak?

Aviation and hospitality firms are among those most impacted by the virus outbreak and Singapore Airlines (SIA) comes to mind.

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GMR Offers $150 Million Senior Secured Notes Due In 2029 By DIAL

GMR Group's airport portfolio has around 172 million passenger capacity in operation and under development, comprising of India's busiest Indira Gandhi International Airport in New Delhi.

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Cathay Pacific Flags 'Significant'drop In H1 Profit, Capacity Cuts Due To Coronavirus

Cathay Pacific also posted a 1.3 percentage point decrease in the passenger load factor of Cathay Pacific and Cathay Dragon to 84.7% in January.

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Spicejet Reports Net Profit Of Rs 73 Crore In Q3 FY20

SpiceJet grew by close to 60 per cent in 2019 demonstrating its ability to stand up to a crisis," said Chairman and Managing Director Ajay Singh.

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U.N. Aviation Agency ICAO Forecasts $4-5 Billion Hit To First-Quarter Airline Revenue From Virus

The agency also forecast that Japan could lose $1.29 billion of tourism revenue in the first quarter due to the drop in Chinese travellers and Thailand could lose $1.15 billion.

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Hong Kong Airlines To Cut 400 Jobs, Operations As Coronavirus Hits Travel

Hong Kong Airlines, part owned by cash-strapped Chinese conglomerate HNA Group , said it will reduce its daily operations to 30 from 82 sectors over Feb. 11 to March.

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Boeing's Fraying 737 MAX Suppliers See Capacity Crunch

Boeing, struggling to restore public confidence and recover from the biggest crisis since its founding in 1916, has halted production of the once fast-selling 737 MAX.

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Govt Working On Proposal To Allow 100 Pc FDI In Air India

Air India's 100 per cent stake in budget airline Air India Express and 50 per cent shareholding in AISATS, an equal joint venture with Singapore Airlines, have also been offered.

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Ryanair Says MAX Woes Could Delay Growth Plans By Up To Two Years

Boeing in January said it did not expect the MAX, which was grounded after two fatal crashes, to return to service until mid-2020.

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Malaysia Investigates Airbus-Airasia Graft Allegations

The Airbus-AirAsia disclosures, I confirm that the MACC is in touch with the UK authorities and is already investigating the matter.

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Global Airlines On High Alert As Virus Outbreak Spreads

Global airline industry revenues more than doubled to $838 billion in 2019 from just $322 billion in 2003, according to IATA data.

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