Celestyal Cruises Extends Suspension of Operations to June 29

By admin 10 Απριλίου 2020 No comment

Celestyal Cruises, which offers cruises to the Greek Islands and the Mediterranean, has extended the suspension of its operations to June 29, the company said in a statement on Friday. The suspension is extended as a precaution against the coronavirus (Covid-19) pandemic. In accordance to its schedule, Celestyal’s cruises will resume on that date with […]

TUI Signs €1.8bn German Bridging Loan to Cushion Effects of Covid-19

By admin 9 Απριλίου 2020 No comment

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Photo source: TUI Group TUI AG on Wednesday announced that it signed a state-aid bridging loan for 1.8 billion euros with the KfW, Germany’s state-owned development bank. The company had received approval from the German federal government for the loan on March 27 as part of the coronavirus (Covid-19) state support programme. The loan is […]

EIU: World Economy to Shrink by 2.5% in 2020 due to Covid-19

By admin 8 Απριλίου 2020 No comment

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The world’s economy is expected to shrink by 2.5 percent in 2020 hit by the coronavirus (Covid-19) pandemic and its effect on demand and supply channels, according to the Economist Intelligence Unit (EIU). Initial estimates had global GDP growth at 2.3 percent. The expected post-coronavirus contraction is deeper than during the global financial crisis due […]

IATA Chief: Quick Coordinated Action Key to Airlines’ Recovery

By admin 8 Απριλίου 2020 No comment

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Photo Source: @IATA Firm coordinated plans must be in place when the coronavirus (Covid-19) pandemic subsides in order for airlines to cover lost ground and return to operations, said International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac, this week. De Juniac underlined the need to support and safeguard the sector, which has […]

Covid-19: Lufthansa Group Decides on First Restructuring Package

By admin 8 Απριλίου 2020 No comment

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Photo Source: Lufthansa Group Lufthansa Group’s executive board has decided on extensive measures to reduce the capacity of flight operations and administration long term, as a result of the coronavirus crisis. According to its assessment, it will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air […]

Covid-19: Airlines Allowed to Delay Air Traffic Control Charges

By admin 8 Απριλίου 2020 No comment

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The Eurocontrol Member States on Tuesday announced a financial package that enables airlines to delay the payment of up to 1.1 billion euros of air traffic control fees due to Europe’s air traffic management industry in the coming months. The measure was announced following the confirmation by many airlines that they would not be in […]

SETE Reviews Situation in Greek Tourism Amidst Covid-19

By admin 7 Απριλίου 2020 No comment

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SETE President, Yiannis Retsos. With no clear picture of the condition Greece’s main markets will be in after the coronavirus (Covid-19) pandemic, the Greek tourism sector may possibly aim to attract arrivals from new markets this year, according to the Greek Tourism Confederation (SETE). While it remains unknown when the Covid-19 pandemic will show signs […]

Ionian Island Waterway Network Operation Deferred to 2021

By admin 6 Απριλίου 2020 No comment

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Photo source: Water Airports SA The operation of the first waterway network in Greece, set to link the Ionian islands, has been deferred to 2021 due to the effects on tourism of the coronavirus (Covid-19) pandemic, according to key project investor Water Airports SA. “By the looks of things, seaplanes will not be flying over […]

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

By admin 6 Απριλίου 2020 No comment

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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’

OECD Forecasts Post-Covid Slowdown of the Greek Economy

By admin 6 Απριλίου 2020 No comment

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The Greek economy is expected to suffer a blow once the coronavirus pandemic subsides due to its heavy reliance on tourism, according to the Organization for Economic Cooperation and Development (OECD) on the back of a previous study that found the impact of the health emergency on global tourism to last throughout the year. More […]