Air Tanzania can expect financial support from Tanzania’s government after the flag-carrier recorded a loss of TZS60 billion ($26 million) during its fiscal 2019/20 period resulting in total losses over the past five years of TZS150 billion.
As suppliers prepare for a presumed rebound in demand for parts and services to support global airline fleet activity, mitigating risk of inevitable future disruptions is top of mind.
More than a year into the COVID-19 crisis and with airlines still under unprecedented pressure, the question of airport slots is proving the adage that you can’t please all the people all of the time.
American Airlines is on track to complete its long-running Boeing 737-800 cabin reconfiguration in the coming weeks, ensuring the entire fleet will be available to support the carrier’s growing summer schedule.
Thai AirAsia’s (TAA) parent company Asia Aviation Public Company Limited is planning to list the LCC on the Thai stock exchange as part of a move to accept a loan from an undisclosed investor.
Major airports across Europe need to face up to a looming shortfall in capacity from next winter as airlines continue to restructure their operations, Ryanair DAC CEO Eddie Wilson told delegates at Routes Reconnected.
Finnair has raised its savings target by a further €30 million ($36 million) to €170 million by 2022 as it aims to increase the scale of permanent reductions to its cost base.
The UK CAA has rejected Heathrow Airport’s request for £2.6 billion ($3.6 billion) to cover COVID-19 pandemic-related losses, labeling the claim as “disproportionate and not in the interests of consumers.”
Airports and airlines will need to be “very creative in finding new solutions” to cope with the post-pandemic aviation market, a panel at Routes Reconnected heard on April 26.
