DSV PANALPINA will become the world’s third largest transport and logistics forwarder as a result of its US$4.2billion acquisition of Agility’s Global Integrated Logistics (GIL) business, writes Thelma Etim. It is one of the largest private mergers and acquisition (M&A) deals to date in the Gulf Cooperation Council (GCC) Arabian Gulf region. The enlarged entity will […]
British Airways has warned staff it is in a fight for survival and expects to make job cuts and ground an unprecedented number of planes, as it said the coronavirus pandemic has caused a crisis “worse than 9/11” for the airline industry. BA’s chief executive, Alex Cruz, said in a message to 45,000 employees entitled […]
If there’s one thing for certain about the impact of the coronavirus outbreak on business aviation, it is that no two days will be the same and that the industry needs to stay braced for indefinite turbulence. For those still doubting that Covid-19 is a global crisis, the World Health Organization’s official confirmation of its pandemic […]
With half of its fleet grounded as a result of the coronavirus, Cathay Pacific is in talks with Boeing and Airbus about a postponement of the scheduled delivery of its new aircraft. The airline has experienced a veritable collapse in demand and has made cuts to capacity in March and April by a colossal 65%. Potential delay […]
Facing financial losses in the context of the coronavirus Covid-19 outbreak, Qantas Airways has presented several changes to its business for the coming six months. In addition to cuts to its international flight capacity, the carrier is actively seeking to delay the order of Airbus A350-1000s that were expected to operate the longest flight in […]
Etihad is set to phase out its last remaining Airbus A330s by the end of 2021. The national carrier of the United Arab Emirates has been known for its financial struggles in the past few years ‒ a time during which it often resolved to cut its voluminous plane orders and fleet. What is there […]
The German Parliament, the Bundestag, is due to vote on the production contract for the demonstrator of the Future Combat Air System, the European project which brings together France, Germany, and Spain to create a new fighter jet. Ahead of their decision, French Defense Minister Florence Parly reminded the German members of Parliament of their […]
Regional Express (REX) is crying foul, alleging Qantas is abusing its market position and dumping excess capacity on already marginal regional routes. Regional airline REX has accused Qantas of dumping excess capacity on some routes. Photo: Andrew Curran / aryatamo REX has carved out a niche for itself on marginal regional routes REX is Australia’s […]
The troubled and grounded jet has provided a new headache for Boeing as a new software flaw was discovered when the 737 MAX was put through its paces during flight testing. The newest issue is related to an indicator light that showcases if there is an issue with the aircraft’s trim system, which helps the […]
A Cham Wings Airlines Airbus A320-200 was forced to make an emergency landing in fear of being targeted by the Syrian anti-aircraft defense. The aircraft, registered YK-BAB, was performing flight 6Q-514 from Al-Najaf, Iraq, to Damascus, Syria, with 172 people on board. Cham Wings Airlines, the operator, is a regional Syrian carrier based in Damascus. […]
