Search

Legendary Italian airline Alitalia operates its final flight

... to open long-haul routes to Tokyo, São Paulo and New York, but so far there are not enough resources to do so. COVID-19 pandemic is not the only reason for the bankruptcy and liquidation of Alitalia. Analysts point out that high-speed trains played ... ... the country's domestic market. It is no coincidence that in 2021, there is an increase in the shares of the European low-cost airlines Ryanair and WizzAir. At the same time, the securities of such business monsters as Lufthansa or IAG show negative dynamics....

POLISH AIRLINES LOT MIGHT GO BANKRUPT

LOT Polish Airlines (PLL LOT) found itself face to face with a number of financial problems that could lead the national carrier of Poland to ruin. The pandemic has become the reason for the deplorable state of affairs - many of the 37 airliners belonging to LOT have been chained to the ground for a long time. A few months ago, the management of PLL LOT hoped for help from the state, having sent appropriate appeals to the authorities. In particular, one of them was sent to the Ministry ...

THAI AIRWAYS LAYS OFF EMPLOYEES TO AVOID BANKRUPTCY

... people will remain employed in the company. The company has been facing financial difficulties since 2012, but the COVID-19 pandemic has made the situation even worse. Thai Airways, like many air carriers around the world, has cut capacity. Travel restrictions ... ... court and launch a bankruptcy protection proceedings similar to that provided for by the US law. Since the use of wide-body airliners has lost its relevance in the face of a reduction in tourist flow, and many aircraft were simply mothballed, the company ...

Sorted by relevance | Sort by date