IndiGo to shun 10 percent workforce

IndiGo - India's largest carrier by domestic market share and fleet has announced that they would bid a painful adieu to 10 per cent of our workforce. The airline has a fleet of over 250 aircraft and cash reserves which dwarf every other airline in India. The airline would have nearly 25,000 employees on its … Continue reading IndiGo to shun 10 percent workforce

Singapore Airlines announces a full year loss

Singapore Airlines posted a full year loss as COVID-19 crippled the passenger traffic in fourth quarter of financial year. The airline announced that it has cut passenger capacity by 96% and this was topped by mark-to-market fuel hedging losses due to unprecedented plunge in fuel prices. There was a drastic drop of $894 million in … Continue reading Singapore Airlines announces a full year loss

Thoughts this week – 9May20

This week, we look at More airlines are announcing increase in flights Delta and LATAM sign trans-American Joint Venture State Aid starts flowing to airlines Aircraft deliveries deferred Iberia to offer COVID-19 tests for all employees More airlines are announcing flight schedules More airlines are getting back to the air and increasing flights. Qatar Airways … Continue reading Thoughts this week – 9May20

Boeing terminates agreement to establish joint venture with Embraer

In a not so surprising move Boeing announced that it has terminated Master Transaction Agreement (MTA) with Embraer. The MTA was signed in 2018 under which the two companies sought to establish a new level of strategic partnership. This involved creating a joint venture comprising Embraer’s commercial aviation business and a second joint venture to … Continue reading Boeing terminates agreement to establish joint venture with Embraer