INTERNATIONAL ASSOCIATION OF MACHINISTS
Bombardier completes its exit of commercial aviation
Bombardier said it agreed with Airbus SE and the Quebec govt to transfer its shares to Airbus and the province. Bombardier had once dreamed of taking on Airbus and Boeing by capturing half the global market for 100-to 149-seat planes. It had marketed the plane as being 20 percent more fuel-efficient than the comparable Airbus A320 and Boeing 737.
Revenue from international roaming expected to fall due to global travel restrictions
With both India Inc and personal holiday goers also lik...
FIFA warns coronavirus could postpone international matches
This weekend's matches in the leading two divisions in Switzerland, where footbal...
KEC International bags Rs 1,047 crore new orders across various business verticals
The company has secured orders worth Rs 669 crore for transmission and distribution projects in India, South Asian Association for Regional Cooperation (SAARC) countries, Middle East and the Americas, KEC International said in a regulatory filing.
Cash crunch pits airlines against customers in refund spats
It’s a blow to an industry that will burn through as much as $61 billion in the second quarter, according to the International Air Transport Association, with revenue set to plummet by 68%. To weather the downturn, U.S. airlines have lined up for $50 billion in loans and payroll assistance payments from the government.
Aviation industry lobby group seeks incentives for the sector
Airports Council International has sought suspension of all national and local aviation-specific taxes until December 31, including passenger departing taxes and revenue share payment made by private airport operators, and a moratorium on new national and local aviation-specific taxes until December 31.
India's pvt airports need 'reality check', says IATA on new levy proposal amid coronavirus outbreak
The International Air Transport Association (IATA) represents around 290 airlines, including Air India, Vistara, IndiGo and SpiceJet. IATA Country Director (India) Amitabh Khosla said India's private airports need to do a reality check on their suggestion to impose a new levy at a time when passenger demand is plummeting on account of the coronavirus outbreak.
Turn self-isolation into family bonding time: Tips to keep kids engaged during lockdown
Keep children productively engaged while working from home during a lockdown.
USD 35 billion liability in June quarter over COVID-19: Airlines' body
India has imposed a 21-day lockdown to contain the spread of the COVID-19 (coronavirus disease 2019), and domestic and international commercial passenger flights have been suspended for this period.
Covid-19 outbreak: Science says newspapers are safe
Experts say newsprint’s porous surface, and the ink and printing process make newspapers sterile.
Airline revenues in 2020 to go down by 44% over 2019: IATA
“Revenue loss of $250 bn in 2020 over 2019… which is a 44% decline over 2019… Before any recovery takes place, airlines may run out of cash,” said Brian Pearce, chief economist at IATA. Earlier, in February, IATA had estimated that global airlines would lose about $113 bn in revenues due to the Coronavirus pandemic.
Panel studying Data Bill seeks extension till Monsoon session
The committee headed by Bhartiya Janata Dal MP Meenakshi Lekhi was supposed to submit the report by end of the Budget session which concluded on Monday.
Vistara to cancel 54 international flights next month as COVID-19 weakens demand
Full service carrier Vistara will cancel 54 international flights next month, including on routes connecting Delhi with Bangkok and Singapore, amid weak demand due to the coronavirus outbreak.
Private, online and hi-tech: The coronavirus economy
As hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them to adapt could lead to long-term changes in the economy.
Airlines need up to $200 bn in emergency aid: IATA
Airlines worldwide face an unprecedented existential threat as the COVID-19 pandemic, which has killed more than 9,000 people around the world, shuts down global travel. Up to USD 200 billion is needed to rescue the world's airlines during the coronavirus global pandemic.
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