In less than a month, Colombia lost two ultra-low-cost carriers, Viva Air and Ultra Air. Their ceases of operations created a decrease of 15% in the number of weekly operations and seats available departing from the South American country. An impact on Colombia’s...
The sanctions on Russia not only affect Russian airlines, but also MRO companies in Europe and across the world. For example, Lufthansa Technik risks losing €240 to 250 million in annual revenues if the Russian market disappears, it said on March 9 during its 2021...
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