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SYDNEY: Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator under prospective new owner Bain Capital.
Direct flights between Brunei and Hangzhou, China have resumed, marking its first direct flights with the Chinese mainland after Covid-19 pandemic cut air connection between the two sides.
BANDAR SERI BEGAWAN (Xinhua): Brunei resumed direct flights with Hangzhou, China on Tuesday (Aug 4), marking its first direct flights with the Chinese mainland after Covid-19 pandemic cut air connection between the two sides.
Europe is sitting on a wealth of data that is the 21st equivalent of a precious metal mine during the gold rush. But instead of exploiting it themselves Europeans may be allowing American tech giants to gain control of all the excavation equipment, some experts say.
Air travel has tumbled to a fraction of normal levels due to the Covid-19 pandemic, grounding about two thirds of the world’s fleet and stretching Europe’s largest aircraft storage company.
HONG KONG/WASHINGTON, Aug 2 (AFP): The scale of economic devastation from the pandemic was laid bare as Western economies recorded historic slumps, just as resurgent caseloads forced many countries into agonising new trade-offs between health and financial stability.
SINGAPORE: Singapore Airlines Ltd’s shares fell to their lowest price in more than 21 years after the carrier posted its biggest quarterly loss ever as the coronavirus wiped out travel demand.
PARIS: Europe’s Airbus announced a new cut in production of its marquee A350 jet as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.
SINGAPORE (The Straits Times/ANN): Aircraft maker Airbus has retrenched some of its workers in Singapore, as Covid-19 travel restrictions in the region has forced planes to be grounded and dented demand for aviation support services.
Revenue may slump 87% due to a 96% drop in capacity