The Anglo-Spanish group, which also owns Iberia and Aer Lingus, just renewed a 750-million-pound ($955 million) partnership multi-year deal with American Express.
The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year after a quarterly outflow of 4.4 billion euros as deliveries tumbled due to the coronavirus collapse in air travel.
The resounding message from Africa’s aviation community attending this year’s buzzing Aviation Africa summit held in Addis Ababa, Ethiopia, was that all stakeholders must cooperate and collaborate to achieve a sustainable aviation future.
Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has announced its freighter schedule for the IATA summer season, boosting capacity to its top freighter gateways.
Flybe, which employs 2,000 people, had failed to turn around its fortunes since being purchased by the Connect Airways consortium last year, initially owing to weak demand and fierce competition.
Passenger operations have collapsed at an unprecedented rate as the virus spreads around the world, with Delta Air Lines Inc parking more than 600 jets, cutting corporate pay by as much as 50 per cent, and scaling back its flying by more than 70% until demand begins to recover.
Revenues fell 15.2 per cent to 10.6 billion euros, reflecting a "market environment strongly impacted" by the pandemic, "particularly in commercial aircraft", Airbus said in a statement.
Uganda Airlines has taken to the skies once more after almost two decades out of action, but flies into a crowded aviation market in Africa where carriers have the weakest finances and emptiest planes of any region in the world.
Aviation in India has attracted entrepreneurs like moths to a flame but only a few have managed to survive and thrive in a sector which has become the graveyard of all kinds of airline business models − budget, full service and hybrid. Kingfisher was one of the biggest private initiatives but it failed.
The UAE Ambassador to India, Dr Ahmed Abdulrahman Al Banna, has met with India’s new Minister for Civil Aviation, Hardeep Singh Puri, and discussed pressing issues relating to cooperation between the two countries in civil aviation.