NokScoot board of directors vote for liquidation of airline

The board of directors at NokScoot has decided to liquidate the company. NokScoot’s shareholders will deliberate the same at a General Meeting to be held in 14 days time. The airline is a Joint Venture between Scoot – a subsidiary of Singapore Airlines and Thailand based Nok Air. The airline started operations in 2014. Thailand … Continue reading NokScoot board of directors vote for liquidation of airline

London Area airports start seeing reduction in demand for Winter Schedule

Slot co-ordinator ACL which handles slots for some of the important global hubs and airports in the United Kingdom released initial co-ordination for London Stansted – one of the six airports serving the London region. The initial co-ordination is for the Northern Winter 2020 schedule which begins from 25th October 2020. The demand for slots … Continue reading London Area airports start seeing reduction in demand for Winter Schedule

Thoughts this week – 16 May 20

This week, we look at IATA opposed mandatory quarantine measures for arriving passengers UK announces a mandatory 14-day quarantine for arriving passengers KLM updates its voucher policy Virgin Atlantic intends to operate to 24 destinations in 2021 Lufthansa group starts scaling up IATA opposes mandatory quarantine measures for arriving passengers Industry body IATA (International Air … Continue reading Thoughts this week – 16 May 20

Airbus, Boeing announce Q1 losses, cut production rate

The two largest airplane makers in the world, Airbus and Boeing announced their Q1-CY20 results today. As anticipated both the manufacturers have declared losses as the world battled COVID-19 and air travel is one the most impacted industries worldwide. Airbus reported revenues of EUR 10.6 billion and a consolidated net loss of EUR 481 million … Continue reading Airbus, Boeing announce Q1 losses, cut production rate