Business

Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'

European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the "gravest crisis" the industry has ever seen caused by the coronavirus.

Business

Boeing 737 MAX could take off Monday for commercial survival

Boeing's 737 MAX plane could begin key recertification flight tests as soon as Monday, a crucial step for the survival of a top-selling plane that has been grounded for more than a year following two fatal crashes.

Business

EasyJet raises £419m via share placement

British low-cost airline EasyJet, blighted by the coronavirus fallout, said Thursday it has raised £419 million ($523 million, 463 million euros) via a share placing as it tries to cope with disappearing demand for air travel.

Business

France pledges 15 bn euros for stricken aviation firms

The French government on Tuesday pledged 15 billion euros ($16.9 billion) for the country's aviation industry, where thousands of jobs are on the line as the coronavirus crisis hammers the travel industry.

Iberia to resume domestic, medium-haul flights in July

Spanish airline Iberia said Thursday it plans to resume some short- and medium-haul services in July for the first time since the country grounded air services in March as part of its coronavirus lockdown.

Virus-hit Fiji Airways cuts workforce by half

Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".

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