Tag: Aviation
Air France has to halve CO2 output for $7.63 billion bailout
French Government has mandated Air France to half its carbon dioxide emissions by 2024 to qualify for a $7.63 billion (Dh28 billion) bailout.
French Environment...
Virgin Group gives up majority in Virgin Galactic; Sells shares worth...
British multinational venture capital conglomerate Virgin Group has dropped majority control of Virgin Galactic, trading stakes worth $366 million to support other Virgin businesses...
Emirates SkyCargo expands services to reach 75 destinations
Emirates SkyCargo has extended its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Some of the destinations recently included are...
Air Arabia reports $19.3 million Q1 profit
UAE based, low-cost airline Air Arabia published a net profit of $19.3 million in the first quarter of 2020.
There was a 45 percent decrease...
Abu Dhabi Airports implements robotic technology to combat COVID-19
Advanced Robotic Technology will be utilized by the Abu Dhabi Airports to ensure that Airport staff and passengers are free from COVID-19.
The organization has...
Jazeera Airways lays off 300 employees
Rohit Ramachandran, CEO of Jazeera Airways says that the airline is communicating to its lessors to try to delay or dismiss costs for as long...
Boeing announces 10 percent reduction of its workforce amid COVID-19 fallout
Boeing expects a 10 percent staff decrease amounting to more than 14,000 jobs as it struggles to cope with the effects of the extended...
Airbus reports $11.5 billion revenue in its Q1 2020 results
Netherlands based aviation giant, Airbus released its Q1 2020 earnings, remarking that the market situation has been heavily impacted by the COVID-19 pandemic, especially...
