Europe’s Hard-hit Aviation Industry Calls on EU to ‘Act Now’

By admin 6 Απριλίου 2020 No comment

Photo Source: @ACI Europe Europe’s aviation stakeholders are calling on EU governments to step up actions aimed at protecting the industry from falling into liquidity as the Covid-19 crisis pushes ahead. Airlines for Europe (A4E), Airline Catering Association (ACA), Airports Council International (ACI EUROPE), Airport Services Association (ASA), The European Travel Agents’

Singapore Airlines to Issue S$5.3Billion in New Equity

By admin 1 Απριλίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Singapore Airlines (SIA) will offer all shareholders S$5.3 billion (Singapore dollars) in new equity and up to a further S$9.7 billion through 10-year Mandatory Convertible Bonds (MCB), an announcement on Wednesday said. Both will be offered on a pro-rata basis via a rights issue, and both issuances will be treated as equity in the company’s […]

EasyJet Grounds its Entire Fleet

By admin 30 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

EasyJet has announced its decision to ground its entire fleet of aircraft, following country lockdowns, travel restrictions and changes to travel advice imposed across its network due to the coronavirus pandemic. The airline said it could not put a firm date on restarting commercial flights, also adding that it will continue to evaluate the situation […]

Covid-19 Throws Airline Industry into the Eye of the Storm

By admin 23 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Photo Source: OAG Faced with canceled trips, flight restrictions, and country bans, global air travel is among the industries hardest hit by the coronavirus pandemic, according to recent data released by OAG Aviation Worldwide. The estimated impact of Covid-19 on the airline industry has reached 880 billion dollars with many airlines requesting bailouts and aid […]