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Airline industry

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Qatar Airways Resumes Flights to Saudi Destinations

D&T
Jan 13, 2021

With the ending a week ago of Qatar’s blockade, introduced in 2017 by several Arab states, Qatar Airways is allowed to use Saudi airspace again and it resumed daily flights from Doha to Saudi Arabia earlier this week. A plane operated by the national carrier of the State of Qatar landed in Riyadh earlier this […]

Qatar Airways: Additional Flights and Aircraft Upgrades

D&T
Nov 27, 2020

The airline says its fleet of modern, fuel-efficient aircraft has enabled it to continue flying throughout the pandemic and lead the industry in offering global connectivity with more than 700 weekly flights to over 100 destinations. According to a statement by Qatar Airways, the airline will increase services and upgrade aircraft to several destinations, including […]

Qatar Airways Resumes Flights to Seven Destinations

D&T
Nov 11, 2020

Qatar Airways says its fleet of modern fuel-efficient aircraft has enabled it to continue flying throughout the pandemic and sustainably rebuild its network maintaining its position as the leading international carrier providing global connectivity. The seven destinations include Algiers, Kiev, Miami, Phuket, Seychelles, Tbilisi and Warsaw. The national carrier of the State of Qatar will […]

Qatar Airways Further Expands Network

D&T
Sep 18, 2020

The airline’s young fleet of sustainable aircraft has enabled it to maintain its position as the leading airline providing global connectivity with over 650 weekly flights to more than 90 destinations. A pres release by Qatar Airways says the airline continues to lead the aviation industry offering more global connectivity than any other airline. With […]

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 […]

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