Norwegian, one of Europe’s largest low-cost airlines has today announced that it plans to lay off 4700 staff. As the struggling airline declares four of its subsidiaries bankrupt. Norwegian were one of the weakest carriers to enter these unprecedented times of uncertainty, as COVID-19 continues to spread. Norwegians rising debts [read more]
Loganair (LM/LOG) and Stobart Air (RE/STK) are two airlines seeking help to weather the Coronivirus (COVID-19) Pandemic. Ireland-based Stobart Air is seeking protection from creditors, bankruptcy protection, from the Irish courts in a bid to prevent the airline being wound up while Scottish airline Loganair is seeking a bailout from [read more]
The Chief Executive of Manchester Airports Group (MAG) Charlie Cornish has written to Chancellor Rishi Sunak to lobby in support of a government deal to bail out Virgin Atlantic (VS/VIR). MAG joins Airbus and Rolls-Royce in supporting the airline which is owned by Richard Bransons’ Virgin Atlantic Limited (51%) and [read more]
Last week saw the launch of Project Wingman which brings airline crews from across UK airlines together to help support the well-being of frontline NHS staff dealing with the Coronavirus pandemic. The project recreates the atmosphere of an airline lounge to help Doctors, Nurses and Health Professionals unwind and get [read more]
The Welsh Government has agreed to re-purpose a tax-payers loan in order to help struggling Cardiff Airport stay in business during the Coronavirus (COVID-19) Pandemic. Cardiff Airport (CWL/EGFF) is effectively closed with all the airlines that use it suspending flights but the airport is remaining open for emergencies and required [read more]
Airbus has lobbied the UK Government to provide a bailout for Virgin Atlantic (VS/VIR) as the airline struggles to survive. Sources close to the airline have said several companies have directly contacted the Government setting out the harm it could do. Those companies are understood to also include Heathrow Airport. [read more]
Virgin Atlantic (VS/VIR) is set to ask the UK Government for a bailout totalling around 300 million according to sources close to the airline. The news comes just days after Chancellor Rishi Sunak warned airlines that taxpayers help would be the last resort and they should seek commercial arrangements and [read more]
Eastern Airways (T3/EZE) has become the latest airline to suspend flights due to the Coronavirus (COVID-19) outbreak as it cancels all but one flight for at least 24 days. The airline announced today that is was suspending all its passenger services with the exception of the Aberdeen to Humberside flight [read more]
Like most other airlines, Loganair (LM/LOG) has announced a raft of reductions following a drop off in bookings during the Coronavirus outbreak. Loganair says that it has a seen a 15-20% drop off in bookings as the severity of the outbreak increased. Loganair now plans to cut flights by around [read more]
Loganair (LM/LOG) has taken over another former Flybe route this time in the form of the vital connection between the Isle of Man (IOM/EGNS) and Liverpool (LPL/EGGP). The twice-daily service will be operated by a Loganair Saab 340 aircraft maintaining essential connectivity for the Island and also to help patients [read more]
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