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Economic Stabilization Fund approves Lufthansa stabilization package

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the package. The package provides for stabilization measures and loans of up to EUR 9 billion. The WSF will make silent participations of up to 5.7 billion euros in total in t...

The airframe for the first IL-96-400M airliner is at the final assembly stage

The works upon building up the long-haul widebody IL-96-400M aircraft are carried on at the final assembly shop on VASO aviation plant in Voronezh. The new aircraft is developed as a modification of the mass-produced IL-96-300 with a fuselage 9.35m longer than its predecessor with the additions for the original type certificate. The newly built is to maintain high reliability specifications as...

Ryanair welcomed EU Guidelines for return to healthy flying

Ryanair welcomed new EU guidelines to ensure that Europe’s citizens can return to flying within the European Union in the coming weeks in a manner that best protects their health and the health of airline crew. These effective guidelines now allow Europe’s tourism industry to restart in July & August. Ryanair especially welcomes the advice on face masks, which reflects Ryan...

New IFRS for airlines with provisions for virus impact

By Gediminas Ziemelis In the last 10 years, the world faced two viruses with great amount of deaths, panic of consumers and impact on airline businesses and global economy. In 2009, 575 000 people died from swine flu pandemic, and from 2019 until now, 330 000 people died from COVID-19 (full table of all significant viruses provided below). At the beginning of 2020, some airlines annou...

After corona crisis - Caribbean Aviation MeetUp set to be back

I must confess, I was hoping that Caribbean Aviation MeeUp will take pplace, by a miracle if you want in between of all corona crisis.... Now it is clear we all will have to wait until 2021 to live a solution oriented event, an amazing ambience I've rarely seen anywhere alse. As the CARIBAVIA conference had to be cancelled, CARIBAVIA-TV will be the new additional platform for communicatio...

Business aviation insider - Geneva Airpark the only gateway to western Switzerland

Geneva Airport: the only gateway to western Switzerland According to a decision from the Federal Office of Public Health, Geneva Airport is one of the only 3 Swiss airports, along with Basel and Zurich, with official authorization to receive passengers from abroad. How can Geneva Airpark help you meet your challenges? We are currently leaving nothing to chance to actively continue service...

ANTONOV COMPANY started general assembly of the AN-178 fuselage for Peru

ANTONOV COMPANY has started the general assembly of the fuselage of the AN-178 transport intended for delivery to the Ministry of Internal Affairs of the Republic of Peru. Recently, the fuselage nose part was installed into the assembly jig, where the floor, transverse frames and side panels of the cargo compartment were placed previously.  As informed earlier, the central part of the...

LATAM Group to resume operations with lower fares, more commercial flexibility, increased sanitary measures

LATAM Airlines Group and its affiliates, Latin America’s leading airline group with one of the largest route networks in the world, announced today it will gradually increase its international and domestic operations during June and July, offering passengers more flexible options, lower fares and increased sanitation measures. In June the LATAM group expects to increase its total pre-cris...

More destinations with airBaltic: Amsterdam, Vienna, Hamburg, Dusseldorf and Paris

Great news - more destinations to be served by airBaltic: direct flights from Riga to Amsterdam on May 25, Hamburg on June 1, Vienna on June 8 and Dusseldorf on June 9 and direct flights from Tallinn to Paris on June 1, Vienna on June 2 and Berlin on June 4! Martin Gauss, CEO of airBaltic: “We provide the best connectivity to and from the Baltics. By June 9, we wil...

Summer by Volotea - the launch of 40 new domestic routes

Volotea is launching 40 new routes in all the countries where it is based. In Italy, France, Spain and Greece, Volotea is now offering new domestic flights with 15 exclusive connections. The aim is to provide more domestic possibilities for this summer, and to facilitate journeys between mainland and the islands. The airline has also advertised the resumption of flights for June 16th, wi...

Meet Arctic On-Demand - all-new Alaska specific cargo and passenger air charter solutions provider

Arctic On-Demand, a new Alaska-specific air charter offering, connects cargo and passengers to even the most remote Alaskan locations while delivering pricing visibility across a network of asset-based air cargo and passenger carriers. Arctic On-Demand will facilitate shipments for a variety of industries, from mining and oil to everyday goods, including groceries and medical supplies, to location...

UK Maritime and Coastguard Agency to get latest radar technology from Leonardo

The UK Maritime and Coastguard Agency (MCA) will upgrade to Leonardo’s latest Osprey radar to support missions such as search and rescue, border protection, fishery and pollution patrols. The Osprey 30 radar will be installed on-board the two customised Beechcraft King Air aircraft provided to the UK MCA by UK-based aviation services company 2Excel. Currently, the UK MCA is operating Leon...