Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting channels to discuss issues affecting commercial aviation.
International Airlines Group’s (IAG) long-haul LCC LEVEL France will cease operations and start consultations with staff representatives on July 15, just weeks after sister short-haul carrier LEVEL Europe announced insolvency June 19.
Casablanca-based Royal Air Maroc will reduce its workforce by about one-third and shrink its fleet as it is reportedly losing MAD50 million ($5 million) every day because of the COVID-19 crisis.
El Al Israel Airlines’ board of directors agreed to a state aid package on July 6, ending drawn-out discussions with the Ministry of Finance regarding an originally targeted $400 million state-guaranteed loan.
