In a statement, the union of JetBlue Airways Corp stated, it has rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc. In July, budget carrier JetBlue and… Read More ›
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
The leadership challenge faced by British Prime Minister Theresa May will have serious consequences for Brexit, including its extension or cancellation. Alexandre de Juniac, the head of the International Air Transport Association (IATA) has stated, the leadership challenge to British… Read More ›
Rising fuel costs and geopolitical tensions along with a host of other factors are adding to the risks of the airlines industry, despite a stronger global economy pushing up passenger yields. On Monday, airline operators across the globe have slashed… Read More ›
Booming air traffic has given rise to surge in profits across global air-carriers, however with their net margin being at just 4.7%, the scope for exuberance is limited. On Monday, Alexandre de Juniac, the Chief Executive of International Air Transport… Read More ›
U.S. carriers are increasingly awake to risks from fire from lithium iron battery induced fires. While “Smart suitcases” may be able to charge mobile devices, track and weigh themselves, be locked remotely using smartphones and be pretty useful, unless their… Read More ›
The move underscores the ferocity of the competition in the booming airlines industry. On Thursday, Boeing asked the U.S. Commerce Department to investigate into alleged unfair pricing and subsidies received by Canadian airplane manufacturer Bombardier, thus adding to the growing… Read More ›
An association of travel agents along with the British airlines industry have highlighted their requirements and the need for a transitional deal. An association of travel agents in Britain have stated that during Brexit negotiations Theresa May’s government should aim… Read More ›
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