Covid-19 Impact On Aviation
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Kerala Man, Family Travel To Europe On A Plane He Built During Covid Lockdown
At a time when the aviation industry is recovering from the adverse impact of the Covid-19 pandemic, a man from Kerala, Ashok Aliseril Thamarakshan, is travelling through Europe with his family on a home-built plane.
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Air India's Phased April Plan To Restore Employees' Salaries
Air India is restoring salaries of employees in a phased manner to pre-pandemic levels as the aviation sector is recovering with the decline of COVID-19 cases in the country, according to the airline's official document on Tuesday.
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Spike In Covid-19 Cases Challenging Aviation Sector's Recovery: ICRA
Overall, said ICRA, the impact of pandemic will last longer on international travel than on domestic travel.
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COVID-19 Impact On Aviation Sector: Major Airlines Faced Losses, Employees Laid Off
COVID-19 Impact On Indian Aviation Sector In 2020: It was projected that the Indian aviation industry will lose a combined $6-6.5 billion in FY21, of which airlines will account for $4-4.5 billion
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Domestic Air Passenger Traffic Down 66% In September: ICRA
ICRA vice president Kinjal Shah said the number of flights departing gradually increased from 416 on Day 1 to 1,488 on Day 128 (September 28).
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Airlines Want $1.5 Billion In Interest-Free Credit Line: Minister
IndiGo is the world's biggest customer for Airbus SE's best-selling A320neo jets, while SpiceJet is among the top buyers of Boeing Co.'s now-grounded 737 Max planes.
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COVID-19 Crisis: United Airlines Announces Its Biggest Pilot Job Cut Ever
Chicago-based United is more exposed than its peers to international travel, which is expected to take longer to rebound from the pandemic.
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India's Air Passenger Traffic Slumps 82% In July Amid COVID-19: Regulator
Airlines carried a total of 372.85 lakh passengers in the first seven months of 2020 (January-July), marking a fall of 54.84 per cent compared to the corresponding period a year ago.
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10% Layoffs At IndiGo, India's Biggest Private Airline
IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline's CEO Ronojoy Dutta, said on Monday. IndiGo had "understood the gravity of the situation right at the start of this crisis", he said, as the the country's largest carrier grapples with declining revenues due to th...
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Airbus Extends Furloughs For 5,300 Employees To Tackle COVID-19 Fallout
In the United Kingdom, the period of furlough for about 2,200 Airbus workers will start on July 20 and end on Aug. 9, the statement said.
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Airlines Expected To Lose $84.3 Billion In 2020 Due To COVID-19: Industry Body
Airlines across the globe are expected to lose $84.3 billion in 2020, the worst year in the history of aviation, due to the coronavirus pandemic, according to Canada-based industry body IATA or International Air Transport Association. Carriers' revenues will fall 50 per cent to $419 billion this year, from $838 billion in 2019, IATA said in its fin...
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Government To Privatise State-Run Firms, Suspend New Insolvencies Amid COVID-19 Crisis
The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.
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Coronavirus Crisis: World's Second Oldest Airline Driven To Bankruptcy
Avianca Holdings' bankruptcy filing highlights the challenges for airlines that cannot count on state rescues or on such rescues coming fast enough.
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India's Domestic Air Passenger Traffic Fell By 11.8% In March: Aviation Body
Indian domestic air passenger traffic fell by 11.8 per cent in March as compared to the corresponding month last year, indicating the impact of COVID-19 on the country's aviation sector, stated global airlines body International Air Transport Association (IATA) on Wednesday.
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Boeing Could Take 3-5 Years To Restore Dividend: CEO David Calhoun
The Boeing CEO said it could take two-to-three years for commercial airline travel to return to the level prior to the coronavirus crisis.
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Kerala Man, Family Travel To Europe On A Plane He Built During Covid Lockdown
At a time when the aviation industry is recovering from the adverse impact of the Covid-19 pandemic, a man from Kerala, Ashok Aliseril Thamarakshan, is travelling through Europe with his family on a home-built plane.
-
Air India's Phased April Plan To Restore Employees' Salaries
Air India is restoring salaries of employees in a phased manner to pre-pandemic levels as the aviation sector is recovering with the decline of COVID-19 cases in the country, according to the airline's official document on Tuesday.
-
Spike In Covid-19 Cases Challenging Aviation Sector's Recovery: ICRA
Overall, said ICRA, the impact of pandemic will last longer on international travel than on domestic travel.
-
COVID-19 Impact On Aviation Sector: Major Airlines Faced Losses, Employees Laid Off
COVID-19 Impact On Indian Aviation Sector In 2020: It was projected that the Indian aviation industry will lose a combined $6-6.5 billion in FY21, of which airlines will account for $4-4.5 billion
-
Domestic Air Passenger Traffic Down 66% In September: ICRA
ICRA vice president Kinjal Shah said the number of flights departing gradually increased from 416 on Day 1 to 1,488 on Day 128 (September 28).
-
Airlines Want $1.5 Billion In Interest-Free Credit Line: Minister
IndiGo is the world's biggest customer for Airbus SE's best-selling A320neo jets, while SpiceJet is among the top buyers of Boeing Co.'s now-grounded 737 Max planes.
-
COVID-19 Crisis: United Airlines Announces Its Biggest Pilot Job Cut Ever
Chicago-based United is more exposed than its peers to international travel, which is expected to take longer to rebound from the pandemic.
-
India's Air Passenger Traffic Slumps 82% In July Amid COVID-19: Regulator
Airlines carried a total of 372.85 lakh passengers in the first seven months of 2020 (January-July), marking a fall of 54.84 per cent compared to the corresponding period a year ago.
-
10% Layoffs At IndiGo, India's Biggest Private Airline
IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline's CEO Ronojoy Dutta, said on Monday. IndiGo had "understood the gravity of the situation right at the start of this crisis", he said, as the the country's largest carrier grapples with declining revenues due to th...
-
Airbus Extends Furloughs For 5,300 Employees To Tackle COVID-19 Fallout
In the United Kingdom, the period of furlough for about 2,200 Airbus workers will start on July 20 and end on Aug. 9, the statement said.
-
Airlines Expected To Lose $84.3 Billion In 2020 Due To COVID-19: Industry Body
Airlines across the globe are expected to lose $84.3 billion in 2020, the worst year in the history of aviation, due to the coronavirus pandemic, according to Canada-based industry body IATA or International Air Transport Association. Carriers' revenues will fall 50 per cent to $419 billion this year, from $838 billion in 2019, IATA said in its fin...
-
Government To Privatise State-Run Firms, Suspend New Insolvencies Amid COVID-19 Crisis
The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.
-
Coronavirus Crisis: World's Second Oldest Airline Driven To Bankruptcy
Avianca Holdings' bankruptcy filing highlights the challenges for airlines that cannot count on state rescues or on such rescues coming fast enough.
-
India's Domestic Air Passenger Traffic Fell By 11.8% In March: Aviation Body
Indian domestic air passenger traffic fell by 11.8 per cent in March as compared to the corresponding month last year, indicating the impact of COVID-19 on the country's aviation sector, stated global airlines body International Air Transport Association (IATA) on Wednesday.
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Boeing Could Take 3-5 Years To Restore Dividend: CEO David Calhoun
The Boeing CEO said it could take two-to-three years for commercial airline travel to return to the level prior to the coronavirus crisis.
