A blunder or at least a serious misjudgment: that’s the proposed bonus increase for KLM CEO Pieter Elbers. It was on next Thursday’s annual general meeting for KLM’s shareholders but after a storm of criticism has been withdrawn by the…
easyjet sees no ability to cancel an order for 107 Airbus A320neo-family aircraft without having to compensate the airframer and exposing itself to other additional costs, the airline said in its HY1 2020 results statement. Over recent weeks, a public…
Air France-KLM confirms it is in in-depth discussions with the French and Dutch governments and financial institutions about strengthening its liquidity position, the Group said on April 9. The airlines are implementing additional cost-cutting measures but without additional financing, Air…
Airbus has made the inevitable decision to cut production rates of all types as from this month, it announced on April 8. The unprecedented impact of Covid-19 on air travel has airlines running to seek delivery deferrals and in some cases…
Lufthansa Group will significantly reduce its fleet as it prepares for the post-Covid 19 return to service, the airline said on April 7. The reduction and reorganization will include all airlines and result in a yet to be confirmed number…
Lessor Avolon fired a warning shot on April 3 on what airframers can expect in the coming weeks and months as it announced a number of cancelations and aircraft delivery deferrals. Hit the hardest is Boeing, which has lost 75…