BERLIN: Lufthansa (LHAG.DE) and the Berlin government are pursuing a 9 billion euro ($9.76 billion) rescue package for the airline, company and government sources said on Tuesday, but gave no timing for an agreement after a report overnight said the deal was complete. Lufthansa declined to comment and a spokeswoman for the economy ministry had no […]
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STOCKHOLM: Scandinavian airline SAS (SAS.ST) said on Tuesday it could reduce about half its workforce as it struggles to survive the coronavirus outbreak. Big airlines across the world are cutting costs and anouncing layoffs over plunging demand and travel restrictions due to the pandemic. British Airways (ICAG.L) said earlier this month it would suspend more […]
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BERLIN: Berlin will decide on state support for Lufthansa once the country’s largest airline applies for aid and all facts are on the table, the German Economy Minister said on Monday. “We want large and important companies that play a role in the world market to remain competitive after the crisis,” Peter Altmaier told public […]
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PARIS: European planemaker Airbus (AIR.PA) issued a bleak assessment of the impact of the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action. In a letter to staff, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented […]
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OSLO: Norwegian Air’s (NWC.OL) proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed on Monday. If approved by bondholders, leasing companies and shareholders, the plan could help Norwegian survive the coronavirus outbreak, which has grounded 95% of its fleet, with just […]
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TEL AVIV:El Al Israel Airlines (ELAL.TA) on Sunday extended its suspension of scheduled passenger flights by a week until May 9 but said it will operate a number of special flights to and from the United States and Europe. Israel’s flag carrier a month ago halted flights due to a drop in demand in the […]
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LONDON: Low-cost airline Wizz Air (WIZZ.L) said on Saturday it would restart some flights from London’s Luton Airport on May 1, becoming one of the first European carriers to begin restoring services that have been halted during the coronavirus pandemic. European airlines have grounded the majority of their fleets over the last six weeks as […]
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NEW DELHI: AAI-GVK group-run Mumbai airport on Saturday announced a slew of safety measures for resumption of commercial air passenger services in the post-lockdown period. The airport has formulated SOPs for post-lockdown safety of the passengers like social distancing, stringent thermal screening, positioning temporary quarantine centres, sanitising and disinfecting the airport to ensure safety and […]
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NEW DELHI: Airbus has achieved the first ever fully automatic air-to-air refuelling (A3R) operation with a boom system. The flight test campaign, conducted earlier in the year over the Atlantic Ocean, involved an Airbus tanker test aircraft equipped with the Airbus A3R solution, with an F-16 fighter aircraft of the Portuguese Air Force acting as […]
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NEW DELHI: Boeing successfully completed the first flight of the F-15QA fighter, the most advanced version of the jet ever manufactured. Developed for the Qatar Emiri Air Force (QEAF), the jet demonstrated its next-generation capabilities during its 90-minute mission. The flight took off and landed from Lambert International Airport in St. Louis. “We are very […]
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