Tag: #AviationIndustry
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Lufthansa expected to cut 30,000 jobs by year’s end
Deutsche Lufthansa AG will cut 29,000 jobs by the end of the year, keeping 109,000 workers in its workforce, German tabloid newspaper Bild am Sonntag reported on Sunday. According to the details, the German airline will cut another 10,000 jobs in its home country next year as it struggles to cope with the coronavirus. Lufthansa…
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Fiumicino becomes first airport to allow passengers from the US to skip quarantine
Fiumicino will be the first airport in Europe to activate “Covid-tested” safe air corridors, on flights coming from the United Statest (US), excluding quarantine for passengers, thanks to Aeroporti di Roma’s (ADR) cooperation with Alitalia and Delta Air Lines. Since the beginning of the pandemic, Italy has been at the forefront of measures and protocols…
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IATA Launches New Exchange for Offsets Trading
Geneva: The International Air Transport Association (IATA) has launched the Aviation Carbon Exchange (ACE), an important new tool to help airlines meet their climate commitments. According to the details, ACE is the first centralized, real-time marketplace that is integrated with the IATA Clearing House (ICH) for the settlement of funds on trades in carbon offsets.…
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International Air Connectivity Crisis Threatens Global Economic Recovery
Geneva: The International Air Transport Association (IATA) released data revealing that the COVID-19 crisis has had a devastating impact on international connectivity, shaking up the rankings of the world’s most connected cities. London, the world’s number one most connected city in September 2019, has seen a 67% decline in connectivity. By September 2020, it had…
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Korean Air to take over Asiana, aiming for top 10 world ranking
In a major shake-up of the global airline industry, the owner of Korean Air has announced a $1.62 billion takeover bid for embattled rival Asiana Airlines. According to the details, South Korean flag-carrier Korean Air said on Monday it will buy out its smaller troubled rival Asiana Airlines in a W1.8 trillion ($1.62 billion) won…
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Petition filed to save civil aviation from disaster?
According to the report of Baaghi TV, the writ petition No. 3405/2020 filed by Capt. Muhammad Asim Nawaz against CAA and Aviation, to save Pakistani aviation from disaster was filed in the Islamabad High Court, for which the hearing will take place today. Spain’s first Olympic medal winning athlete Llopart in ‘deep coma’ Magic mushroom…
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“I may QUIT” migrating with the AVIATION business abroad
It was corruption and nepotism that I first left the country about two decades ago. I voted for change and expected a real change in the country and returned to the country with my assets. Established the business in Aviation, created 70 plus jobs and it was being run successfully though with most of the…
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Baaghi TV Exclusive: ICAO issues Significant Safety Concerns against Pakistan
International Civil Aviation Organization (ICAO) has issued Significant Safety Concerns (SSC) against Pakistan. According to the details of Baaghi TV, council at the twelfth meeting of its 179th Session approved a mechanism addressing SSC identified by ICAO. As per the approved mechanism, ICAO has identified an SSC which remains unresolved by Pakistan. ‘The subject SSC…
