The NEF’s report said at least 70,000 jobs in the wider aviation industry including engineering, catering and duty free shopping were at risk before the end of summer.
Delta Air Lines has warned that it expects its second-quarter revenue to be down 90 per cent on figures from the same time last year for the second quarter. The airline’s regulatory filing also confirmed that capacity is down by 85 per cent year-on-year. Unlike previous years, where estimations could be reasonably accurate a second
Pipistrel’s Velis Electro has become the first all-electric aircraft to secure type certification from a civil aviation body, after the European Union Aviation Safety Agency (EASA) approved the two-seater design on Wednesday.
Swedish internet-based tracking service Flightradar24 has released several key indications of an uptick in flights in recent weeks, charting a return towards normal. While civil aviation is still down significantly year-on-year, signs of hope are beginning to emerge for the industry. On 5 June, the organisation reported that the number of commercial flights it tracked
The government of Hong Kong will take a minority stake in Cathay Pacific as it agrees to bail out the airline to the tune of $5 billion. Cathay Pacific and its parent company Swire Pacific also announced that they plan to raise HK$39 billion ($5 billion) in new capital. Hong Kong’s flag carrier has struggled
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 per cent due to the ongoing pandemic.
