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Airline industry

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Qatar Airways Restarts Flights to Budapest

D&T
Jun 15, 2020

Qatar Airways has announced that it is resuming services to Budapest from June 15, 2020. Hungary’s capital resumes scheduled services with three weekly flights operated by a Boeing 787 Dreamliner. As one of the only global airlines to have maintained a significant schedule throughout this crisis, Qatar Airways is uniquely positioned to monitor trends in […]

Singapore Airlines: SGD 10 Billion in Fresh Liquidity

D&T
Jun 9, 2020

Singapore Airlines (SIA) has raised SGD 10 Billion of liquidity through its recent Rights Issue, as well as a mix of secured and unsecured credit facilities. This puts SIA on a steady footing as it tackles the challenges posed by the global Covid-19 outbreak. A SIA statement says the airline secured SGD 8.8 billion in […]

Qatar Airways Becomes Largest Carrier

D&T
Jun 3, 2020

The COVID-19 pandemic has created unprecedented challenges for the global aviation industry. Qatar Airways has led the industry during these challenging times taking people home safely and reliably on more flights to more destinations than any other airline, becoming the largest airline in the world over the past three months, a press release by the […]

Tax Relief for Hungarian Air Companies

D&T
May 16, 2020

Hungarian airlines will receive a tax credit, according to the Hungarian Gazette published Friday night. According to this, the tax credit is available to companies with at least 10 employees whose main activity is one of the following: manufacture of aircraft and spacecraft; aircraft, spaceship repair; or air passenger transport - and sales fell by […]

IATA: Airlines Facing Rapid Cash Burn

D&T
Apr 1, 2020

The International Air Transport Association (IATA) published a new analysis showing that airlines may burn through USD 61 billion of their cash reserves during the second quarter ending June 30, 2020, while posting a quarterly net loss of USD 39 billion, ftnnews reports. This analysis is based on the impact assessment IATA released last week, […]

New Measures at Lufthansa and Eurowings

D&T
Mar 31, 2020

Lufthansa and Eurowings are introducing further measures to ensure the physical distance between passengers during their journey, ftnnews reports. From March 27, 2020, neighboring seats on board in Economy Class and Premium Economy will be blocked and remain free on all flights from Germany. This also applies to flights within Germany.  This regulation does not […]

Singapore Airlines: Capital Increase and Bond Issue

D&T
Mar 30, 2020

Singapore Airlines Limited (SIA) will offer all shareholders SGD 5.3 billion in new equity and up to a further SGD 9.7 billion1 through a 10-year Mandatory Convertible Bonds (MCB). Both will be offered on a pro-rata basis via a rights issue, and both issuances will be treated as equity in the Company’s balance sheet. SIA […]

Airlines in Need of Government Help

D&T
Mar 18, 2020

The International Air Transport Association (IATA) expects the global airline industry to need USD 150-200 billion in various forms of government financial assistance to survive the current COVID-19 crisis, the association’s director general and CEO Alexandre de Juniac is quoted by AVIATION WEEK. Losses the industry is facing will “certainly” be around USD 40 billion […]

New Flexibility Policy at Qatar Airways

D&T
Mar 6, 2020

In line with its efforts designed to provide its passengers with confidence and peace of mind when booking flights in light of COVID-19 (Coronavirus) and its impact on global travel, Qatar Airways has launched a new commercial policy to provide customers with maximum flexibility to suit their travel plans. Passengers that have booked or will […]

Record Results at Wizz Air

D&T
Jan 29, 2020

Wizz Air, a low-cost airline with Hungarian background, posted record-high after-tax profit of EUR 21.4 million in the third quarter that ended on December 31. According to a statement of results published on the company's website this Wednesday, Wizz Air increased its revenue by 24.6% to EUR 637 million during this period, while passenger traffic […]

Sandrine de Saint Sauveur

Watching the River of Life

Sándor Laczkó
Dec 9, 2019

APG Network is the world’s leading platform for airline services. With over 100 offices covering more than 170 countries, APG is the world's largest general sales agent (GSA) network, partnering with over 200 airlines to help them optimize revenue flows. APG Network is the global ‘go to’ service provider for air carriers and it offers […]

Thijs Komen

100 Years in the Air

Edith Balázs
Sep 30, 2019

The Dutch flag carrier is celebrating its 100th anniversary this October amid turbulent times for the aviation industry. The airline will need to rely on its commitment to adapting to shifting operational trends and embracing new technologies if it is to celebrate its bicentennial anniversary. The Dutch propensity for traveling and exploring the farthest corners […]

Wizz Air Airbus A321

Wizz Air Expands Its Fleet Further

D&T
Jun 20, 2019

Wizz Air, the largest low-cost airline in Central and Eastern Europe, has announced that, as part of the Indigo Partners deal, it has signed a memorandum of understanding with Airbus S.A.S. relating to exercising a part of its existing options for the purchase of twenty Airbus A321XLR aircraft. The present order will be delivered over […]

Qatar Airways Sky Trax 2019

Qatar Airways Wins Four SkyTrax Awards

D&T
Jun 18, 2019

Qatar Airways has won four prestigious prizes at this year’s 2019 Skytrax World Airline Awards, including the highest accolade of ‘World’s Best Airline’ – becoming the only airline in the competition’s history to win it five times (2011, 2012, 2015, 2017 and 2019). The airline has been named ‘Best Airline in the Middle East’ for […]

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