Page 38 - Aviation

Covid impact: Airlines close books on rotten 2020 and so far, 2021 is grim

It was a disaster for airlines, worse than 9/11 or the global financial crisis - some very small carriers didn''t survive it - and the new year is off to a grim start

American Airlines lost $8.9 billion in a year of Covid-19 pandemic

American Airlines lost $2.2 billion in the fourth quarter

Boeing to delay 777X again as it posts record annual loss of $11.94 bn

The pandemic added to its troubles with the 737 MAX

Jet Airways engineers' body files NCLT application for quick resolution

The Jet Airways Aircraft Maintenance and Engineers Workers Association (JAMEWA) has filed an application with the NCLT to expedite the insolvency process of the airlines

IndiGo tightens grip in India by swift recovery, targets growth abroad

The airline is now the world's seventh biggest by capacity and the largest outside the United States and China

Vistara commences daily services between New Delhi and Sharjah

This is under the travel bubble agreement between India and the United Arab Emirates (UAE)

Pak authority slams PIA for being 'unaware of international leasing laws'

CAA has expressed its displeasure with PIA's "irresponsible attitude and maladministration as it seems to be unaware of international civil aviation leasing laws"

Boeing to pay $2.5 billion to settle US criminal probe into 737 MAX crashes

Boeing admitted in court documents that two of its 737 MAX technical pilots had deceived the FAA about a safety system called MCAS, whose gyrations have been tied to crashes

Covid-19 reset: How the pandemic has transformed the psychology of ambition

With coronavirus risks, restrictions and quarantines, living abroad isn't so easy anymore. Many global nomads are heading home - or at least, thinking about it

IndiGo looks to achieve pre-Covid traffic level in first few months of 2021

The airline is gearing-up for the expected demand and plans to Regional routes will take centre stage in aviation's growth especially in the near future

Falling value, e-commerce boom leads to converting jets to freighters

Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022

New Zealand, Cook Islands announce quarantine-free two-way travel bubble

Both prime ministers and their cabinets have instructed officials to continue working together to put in place all measures required to safely recommence two-way quarantine-free travel

GE warns of more job cuts at aviation unit citing a long road to recovery

The job cuts are the latest setback for the aviation sector, with the industry's woes expected to last into 2021

Covid-19 overhauls decades of aviation boom; a third of 50,000 routes shut

With borders effectively shut from Europe to New Zealand, the bulk of the world's dropped routes are inevitably cross-border

Future of business travel unclear as coronavirus upends work life

Work travel represented 21% of the $8.9 trillion spent on global travel and tourism in 2019, according to the World Travel and Tourism Council

Air India appoints new chiefs in three of its subsidiaries

The national carrier has appointed new heads at some of its subsidiaries

Alliance Air to focus on cost control, phasing out of expat pilots

Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year

Air India Express reports highest-ever net profit at Rs 412.77 crore

Air India's low-cost international subsidiary Air India Express reported its highest-ever net profit, at Rs 412.77 crore for the financial year 2019-20

Qantas says Australia virus travel curbs cost it $71 mn in quarterly profit

The airline is running less than 30% of its normal domestic capacity due to border closures

Cathay Pacific to slash 8,500 jobs, end Cathay Dragon brand due to pandemic

Overall, it will cut 8,500 positions, or 24% of its normal headcount, but that includes 2,600 roles currently unfilled due to cost reduction initiatives