Tag: Airline Industry

World’s oldest airline faces its biggest crisis

KLM had to restructure to continue functioning, to repay loans, and 5,000 jobs are to be sacrificed on this altar of recovery.

August 6, 2020

Bain Capital to buy collapsed Virgin Australia on crumbling airline industry

While the global travel industry has been decimated by COVID-19, those facilitating the sale said that interest in the airline showed a recovery was possible.

June 26, 2020

Coronavirus: GoAir sends staff on unpaid leave; suspends international services

As per reports, the carrier plans to keep as much as 35 per cent of its workforce on leave without pay for a month.

March 18, 2020