DUBAI: Dubai will inject funding into state-owned Emirates, one of the world’s biggest long-haul carriers, the crown prince said on Tuesday, as the government joined others in offering financial aid to airlines. Several states have stepped in to help airlines hammered by the coronavirus pandemic that has virtually halted international travel, with the United States […]
Continue Reading
NEW DELHI: All international commercial passenger flights will remain suspended till April 14, aviation regulator DGCA announced on Thursday, amid a nationwide lockdown to prevent the spread of the novel coronavirus. The Directorate General of Civil Aviation (DGCA) on March 19 had announced that no international commercial passenger flight operations will take place in India […]
Continue Reading
NEW DELHI: The top leadership of GoAir is taking a 50 per cent pay cut with immediate effect, the airline’s CEO Vinay Dube told its employees in an e-mail on Saturday. As revenues have fallen drastically amid the coronavirus pandemic, the airline has already laid off its expat pilots and announced leave without pay for […]
Continue Reading
CHICAGO/WASHINGTON: U.S. airlines called on Friday for a government stimulus package to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry. A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $50 billion in secured loans, but bars the cash […]
Continue Reading
The British government is planning to buy equity stakes in airlines and other companies affected by the impact of coronavirus, the Financial Times reported on.ft.com/2QypHcc on Saturday. The government plans to invest billions of pounds in companies including British Airways (ICAG.L) in return for shares that would eventually be sold back to private investors, the […]
Continue Reading
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 per cent stake in disinvestment-bound Air India. The FDI policy earlier permitted NRIs to take only 49 per cent stake in the airline. In its […]
Continue ReadingNEW DELHI: The Orion spacecraft for NASA’s Artemis I mission has successfully completed several months of simulated space environment System level testing in the NASA-owned thermal vacuum chamber at Plum Brook Station in Ohio. The tests were conducted in two phases; a 47 day thermal vacuum test and a 14 day electromagnetic compatibility and interference […]
Continue Reading
NEW DELHI: Telangana government is proposing to set up six new airports — three greenfield and an equal number of brownfield aerodromes in the state, Minister for Information Technology (IT) and Industries KT Rama Rao said in Hyderabad on Friday. Speaking at “Wings India 2020,” an aviation-related event being hosted at Begumpet, he said that […]
Continue Reading
WASHINGTON/CHICAGO: American Airlines Inc (AAL.O) said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic. The dramatic announcement by the largest U.S. airline came hours after the White House […]
Continue Reading
SHANGHAI/BEIJING: China tightened checks on international travellers arriving at Beijing airport on Sunday, after the number of imported new coronavirus infections surpassed locally transmitted cases for a second day in a row. China, where the epidemic began in December, appears to now face a greater threat of new infections from outside its borders as it […]
Continue Reading