Hundreds of thousands of workers could lose their jobs in the aviation sector if states do not provide the additional assistance.
“In the absence of additional government measures to provide assistance and open borders, hundreds of thousands of airline jobs will disappear, ” – said the executive director of the International Air Transport Association (IATA) Alexandre de Juniac.
IATA represents 290 airlines and has previously revised its forecasts for 2020 after the end of the summer tourist season. Nowadays the association expects that the volume of the traffic will be 66% lower than in 2019.
However, it is estimated that the air traffic will reach the level that preceded the pandemic, at least until 2024.
European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]
German airline Deutsche Lufthansa AG on Monday took the third package of measures restructuring of business because of poor dynamic aviation market recovery, according to a press release. “Forecasts for international flights have deteriorated significantly in recent weeks. With the end of the summer holiday season, the number of passengers and bookings is declining again […]
Hungarian airline Wizz Air reduces the number of flights from Ukraine in the winter flight schedule. This was reported by lowcostavia. Dozens of flights from Ukraine were reduced – 12 routes are canceled by March 2021, even more destinations are temporarily suspended until the end of October. Flights from all cities of Ukraine have changed. […]
Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]
AirBaltic will launch a direct flight from Vilnius to Kyiv on October 6. The presented schedule shows that flights will be performed three times a week on Tuesdays, Thursdays and Saturdays to Boryspil Airport. Herewith departures from Vilnius are scheduled for 6:55, return from Kiev – at 09:10. Travel time will be 1:00 20 minutes. […]
The management of the Hungarian airline Wizz Air will close a branch in Kyiv, that has three passenger liners, if its employees do not agree to stop the union. This is stated in the statement of the European Transport Workers Federation ETF. According to the statment, the conflict began after the decision of Wizz Air […]
During the pandemic, Delta lost three-quarters of its revenue over the same period last year. The company can avoid layoffs if management and the trade unions will be able to conclude an agreement to cut costs, and the White House will continue to provide subsidies to airlines. Currently, the airline employs 11,200 pilots. Back in […]
European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]
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Office of the Attorney General suspects the former owner of Delta Bank, Mykola Lahun, of tax evasion in the amount of 33 million hryvnias. According to the investigation, in February 2015, the former owner of Delta Bank JSC received more than 153 million hryvnias as payment for the purchase of registered shares of the bank […]
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In September Egyptian billionaire Naguib Sawiris said in his twitter about of his thoughts of ??buying the island somewhere in Greece or in Italy, to settle migrants and refugees there. This proposal was very popular in twitter, so Sawiris, who is one of the ten richest people in Africa, whose fortune is estimated at $ […]
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Recently, foreign automobile corporations are increasingly exposed to multi-million dollar fines from regulators. The reason is negligence of manufacturers who violate the road safety legislation at the stage of cars’ production. Scandals accompanied by multi-million dollar fines recently occurred in companies BMW, Volkswagen, and Fiat Chrysler, which subjected the charges from the regulatory authorities for […]
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Bank Arkada was declared insolvent due to a reduction in capital. The head of the National Bank Kyrylo Shevchenko spoke about the reasons for the bank’s withdrawal from the market on Wednesday, August 26. “The reason for withdrawing the bank from the market is to reduce the capital ratio to less than one third of […]
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The Royal Dutch Shell declared their intention to invest about $10 billion in the development of the Brazilian business. The project has been calculated for 5 years. The annual volume of investment will reach 2 billion dollars. The representative office of Shell in the territory of South America includes network of the “5500 gas stations”companies. […]
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The Swiss company Glusco Energy S.A. received the permission from the Antimonopoly Committee of Ukraine for the acquisition of a 50% stake in Rosneft Management Company Ltd and Fargrade Ltd. It became known from the information posted on the official website of the Ukrainian regulator. The cost of the transaction was not disclosed. Registered in […]
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The Razer company, which is engaged in the creation of gaming notebooks (the headquarters California, USA), became the owner of most of the assets Nextbit manufacturer, which produces “cloud smartphones” Robin. It is reported by the source InVenture. Also Razer staff with the acquisition includes all employees of Nextbit Systems Inc., including senior management. All […]
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Pechersk District Court of Kyiv satisfied the petition of the Main Investigation Department investigators of Natspolitsiia and arrested the property of the former ruler of PJSC City Commercial Bank (CityCommerce Bank). Such a decision the court took on January 12 this year. According to the document, the former ruler of the bank is suspected of […]
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There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]
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The multinational jewelry company Tiffany has filed a lawsuit in the court of the state of Delaware (USA) against the French luxury goods manufacturer LVMH (Louis Vuitton Moet Hennessy) for delaying the latest merger process. This was announced on Wednesday by the press service of the jewelry company. According to press service, LVMH group intentionally […]
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Wary of exceptional access of representatives of China to the latest European technologies, growing business activity and superiority in the competitive strengths of the Celestial Empire, EU representatives propose to establish total regulation, namely The European Commission believes that it should act as a regulator now and tightly control all transactions of the M & […]
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Almost 100% of the shares (99.83%) of Kherson heat and power plant will be re-auctioned by the State Property Fund of Ukraine. According to preliminary data it will be held on March, 16 of this year on sale with a starting price of 155 million UAH. It is reported by the source Sehodnia.ua. Terms of […]
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In the second quarter, the Australian economy fell by 7% to the first quarter amid a coronavirus pandemic. In the previous quarter, the decline was 0.3%. Thus, Australia has entered a recession for the first time in 30 years. The quarterly decline in GDP has been the highest since the beginning of observations in 1959. […]
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The history of China’s statehood formation and development achieves several millennia, its nation has made a significant contribution into both material and spiritual culture of humanity throughout the world. Having in possession huge territories, essential labor and material resources and potentially large internal commerce, The Heavenly Empire has nearly all suppositions for creating integral, well-rounded […]
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Gerard Adams, who is also called Mentor of Millenials is an American entrepreneur, an expert in the field of branding, philanthropist. He came to millionaire status in the age of 24 years. Edition Entrepreneur published Gerard reflections that represent the social significance and the role it plays in building a business for him. Knowing your […]
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