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

Bengaluru airport to shut old runway for 223 days from 26 March 2020

The Airports Authority of India (AAI) released its AIP Supplement (34/2020) today for closure of runway 09L/27R at Kempegowda International Airport, Bengaluru due to runway rehabilitation works and upgrading the runway from CAT I to CAT III. Runway 09L/27R will be closed for all operations starting 26th March 2020 until 4th November 2020 – a … Continue reading Bengaluru airport to shut old runway for 223 days from 26 March 2020