June 7, 2021
Qatar Airways To Resume Daily Flights To Sharjah With Boeing 787
Qatar Airways announced it was resuming daily flights to Sharjah, the United Arab Emirates capital starting July 1st. The re-instatement…
Category: Business
July 15, 2020
Deadline Passes As Hyundai Development Corp. Fails To Sign Asiana Acquisition Deal
Hyundai Development Corporation HDC Co. had yet to finalize a deal to acquire shares of Asiana Airlines as a July…
July 8, 2020
Embraer Celebrates The Delivery Of The 1,600th E-Jet To Helvetica Airways
Brazil’s airplane maker Embraer’s E-Jet program reached a new milestone this past July 1st, 2020 when it delivered the 1,600th…
June 27, 2020
KLM To Receive 3.4 billion euros ($3.8 billion) From Dutch Government
The Ducth Government moved decisively on June 25th, 2020 to succour the Group KLM by securing it access to 3.4…
June 25, 2020
Qantas Re-Structuring: 6,000 Lay-Offs, Retirement Of Boeing 747-400ERs, New Shares Issue Worth $1.9 billion
Qantas Group, by the voice of its Chief Executive Officer Alan Joyce highlighted the details of the re-structuring plan that would…
June 24, 2020
With Government Help, SriLankan Airlines Is Re-Financing Its Debts To Improve Liquidity
SriLankan Airline top management has been seeking ways to improving its liquidity reserves in order to weather the severity of…
June 22, 2020
SAIC Awarded $378 Million By FAA For Workforce Technology Innovation Contract
Reston, Va based Science Applications International Corp. (NYSE: SAIC) has been awarded a $378 million contract the Federal Aviation Administration…
June 22, 2020
American Airlines To Raise $2 Billion From Senior Secured Loans And New Term Loan
American Airlines, Inc. (NASDAQ:AAL) will be issuing senior secured notes due to mature in 2025, in a $1.5 billion private…
June 20, 2020
After Failed Acquisition Deal With Boeing, Embraer Restructures And Parts Ways With Key Executives
Embraer SA senior executives who had played key roles in the failed acquisition of the commercial aircraft division by Boeing…
June 15, 2020
Lufthansa Group To Shed Some 22,000 Jobs Globally
Under growing financial strain induced by a tenacious Covid 19, the Lufthansa Group Executive Board has informed employees’ main labor…