Mediterranean Shipping Co. plans to own a controlling stake in new Italian flag carrier ITA Airways in a deal valued somewhere around US$1.4 billion, which would include German airline Lufthansa. Lufthansa would act as an industrial partner and possibly consider up to 40 percent equity involvement, but some analysts think it is unlikely to make an immediate investment. The airline, exiting restrictions on merger activity that came with its 9 billion-euro government bailout, has paid back … [Read more...] about Lufthansa joins MSC in bid for Italian airline
airlines
Continued government relief measures needed to get airlines through the winter
The International Air Transport Association (IATA) warned that the airline industry faces a hard winter and called on governments around the world to continue providing relief measures as the COVID-19 crisis continues. Airlines are expected to post a loss of $84.3 billion in 2020 and government financial relief is a lifeline to many airlines. The bulk of airlines make their money in the northern summer season, while the winter season, even in the best of times, is a struggle to remain … [Read more...] about Continued government relief measures needed to get airlines through the winter
Smart technology will be fundamental for airlines to safely return to the skies in the coming weeks
SITA, the technology provider for the air transport industry, sheds new light on how technology is helping airports and airlines safely resume operations and help implement new hygiene measures to restore passenger confidence after a lengthy shutdown due to the COVID-19 pandemic. Speaking after the Aviation Week webinar event Sebastien Fabre, Vice-President Airline & Airport, SITA said, “The past few weeks have seen airlines across the globe tentatively take to the skies. This is … [Read more...] about Smart technology will be fundamental for airlines to safely return to the skies in the coming weeks
AAPA welcomes ICAO guidance on restarting international aviation
The Association of Asia Pacific Airlines (AAPA) has welcomed the publication of comprehensive guidance material by the International Civil Aviation Organisation (ICAO) in support of coordinated efforts to restart international air travel. Most international flights worldwide have been grounded by border closures, and other travel restrictions, imposed in response to the COVID-19 pandemic. The guidelines have been developed by governments and air transport industry stakeholders, working … [Read more...] about AAPA welcomes ICAO guidance on restarting international aviation
Association of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen
Preliminary April 2020 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger markets were battered by the effects of the COVID-19 pandemic. The rapid spread of the virus, resulting in border closures and travel restrictions across the world, forced an almost complete shutdown of international airline operations. Meanwhile, air cargo markets remained active but were affected by weakening demand, and disruptions to global supply chains, … [Read more...] about Association of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen
Etihad unveils first B787-9 with new livery
Etihad Airways unveiled its first B787-9 in its new livery, and will deploy the aircraft on revenue service from 1 December 2014. The airplane is painted in the airline’s new ‘Facets of Abu Dhabi’ livery with colours reminiscent of the desert landscape, inspired by the culture, Islamic design and architecture motifs of the United Arab Emirates. “We are one of the largest airline customers for the Dreamliner, an aircraft that will play a fundamental role in … [Read more...] about Etihad unveils first B787-9 with new livery