6 May 2020

Virgin Atlantic

Virgin Atlantic cuts workforce by over 30% to stave off bankruptcy

Having been unsuccessful in obtaining a government bailout beyond the standard furlough scheme for its employees, Virgin Atlantic has announced the loss of over 3,150 jobs, which equates to just over 30% of its workforce. The reduction will also mean that the carrier will be closing down all its operations from London Gatwick airport, putting […]

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Strong demand for temporary operational changes from passenger to cargo aircraft

Lufthansa Technik’s new technical and engineering services for temporary operational changes from passenger to cargo aircraft have met with great interest in the aviation market. So far, the cabin modification experts of the company have received enquiries from more than 40 airlines. More than 15 projects for different aircraft types are already in the implementation

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AerCap reports US$276.8 million net income for first-quarter 2020

AerCap has reported that net income for the first quarter of 2020 increased by 18% to US$276.8 million, from US$234.2 million for the same period in 2019. Basic lease rents were US$1,030.8 million for the first quarter, compared with US$1,075.3 million for the same period in 2019. Maintenance rents and other receipts were US$134.3 million,

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Pittsburgh International Airport to utilize autonomous robots with ultraviolet light technology

Pittsburgh International Airport is looking to the region’s vibrant tech community to help incorporate a new disinfecting strategy using ultraviolet light – on robots. This partnership with Pittsburgh-based Carnegie Robotics is the first step of an airport-wide strategy to deploy technology solutions and multi-layered cleaning processes to enhance the health and safety of the traveling

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Eastern Airlines selects Thomas Global’s TFD-7000 series flight deck displays for Boeing 767 fleet upgrade

Wayne, Pennsylvania-based Eastern Airlines has chosen Thomas Global’s TFD-7000 Series plug-and-play LCD flight deck displays for its Boeing 767 fleet. Deliveries to Eastern Airlines are underway. TFD-7000 Series displays offer a lighter, more reliable, and cost-effective replacement for legacy CRTs, with added functionality and capacity for current and emerging airspace requirements. Thomas Global’s innovative plug-and-play

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SAS signs SEK 3.3 billion revolving credit facility agreement

SAS has signed a SEK 3.3 billion three-year revolving credit facility agreement, 90% guaranteed by the Swedish and Danish states. Since the announcements from the Scandinavian governments on credit guarantees to airlines, SAS has worked with four Nordic banks as well as respective government agencies to clarify the criteria and terms for the guarantees. The

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