Air Freight News
Kuwait Air is said to plan cutting about 1,500 expatriate jobs
Kuwait Airways is planning to lay off as many as 1,500 expatriate employees in response to the fallout of the coronavirus pandemic, according to a…
Germany duels with EU over $9.9 billion bailout for Lufthansa
The German government bristled at the European Commission’s antitrust demands on its 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, in a sign of…
South African Airways ex-chairwoman banned from directorships
Former South African Airways Chairwoman Dudu Myeni was banned from holding directorships for life and ordered to pay legal costs after a three-year battle to…
SAS warns shareholders it needs more money as 5,000 jobs cut
Scandinavia’s main carrier SAS AB warned shareholders it will need to generate more funding to see it through the crisis triggered by Covid-19.
Click to Read More
American Airlines to cut 30% of management and support staff
American Airlines Group Inc. plans to cut 30% of its management and support staff as it tries to weather the dramatic downturn brought on by…
Green shoots emerge in world economy as virus lockdowns ease
Slowly but not surely, the world economy is emerging from its coronavirus-enforced hibernation.
American Air CEO says bankruptcy is an option he won’t consider
American Airlines Group Inc.’s top executive sought to shut down persistent rumors that the debt-laden carrier could be forced into bankruptcy during the coronavirus travel…
Boeing begins cutting workforce with 6,770 layoffs in US
Boeing Co. unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their…
SAA administrators see reasonable chance of rescuing airline
The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.
Lufthansa board holds up rescue in protest of EU slot demands
Deutsche Lufthansa AG’s supervisory board held off on accepting a bailout from Germany, raising the stakes in a tug-of-war with the European Union over antitrust…