https://worldofaviation.com The world's leading aviation news website Thu, 25 May 2023 05:41:56 +0000 en-AU hourly 1 https://wordpress.org/?v=6.3.2 https://worldofaviation.com/wp-content/uploads/2019/10/cropped-Favicon-150x150.png https://worldofaviation.com 32 32 https://worldofaviation.com/2020/06/70000-british-aviation-jobs-at-risk-says-report/ Thu, 11 Jun 2020 06:33:41 +0000 https://worldofaviation.com/?p=84417 The NEF’s report said at least 70,000 jobs in the wider aviation industry including engineering, catering and duty free shopping were at risk before the end of summer.]]> https://worldofaviation.com/2020/06/delta-expects-90-q2-revenue-fall/ Thu, 11 Jun 2020 06:28:15 +0000 https://worldofaviation.com/?p=84410 Delta Air Lines has warned that it expects its second-quarter revenue to be down 90 per cent on figures from the same time last year for the second quarter. The airline’s regulatory filing also confirmed that capacity is down by 85 per cent year-on-year. Unlike previous years, where estimations could be reasonably accurate a second]]> https://worldofaviation.com/2020/06/cathay-pacific-receives-5bn-bailout-from-hong-kong-government/ Wed, 10 Jun 2020 06:47:08 +0000 https://worldofaviation.com/?p=84372 The government of Hong Kong will take a minority stake in Cathay Pacific as it agrees to bail out the airline to the tune of $5 billion. Cathay Pacific and its parent company Swire Pacific also announced that they plan to raise HK$39 billion ($5 billion) in new capital. Hong Kong’s flag carrier has struggled]]> https://worldofaviation.com/2020/06/king-stallion-heavy-transport-helicopter-completes-inflight-refueling-tests/ Wed, 10 Jun 2020 06:41:16 +0000 https://worldofaviation.com/?p=84351 The CH-53K King Stallion heavy transport helicopter has successfully completed several inflight refuelling tests with a United States Marine Corp KC-130J Super Hercules tanker. The test flight took place at the beginning of April off the east coast of the United States and lasted several hours. The Sikorsky family of CH-53 transport helicopters has been]]> https://worldofaviation.com/2020/06/iata-data-suggests-industry-to-lose-84bn-from-covid-19/ Wed, 10 Jun 2020 06:28:53 +0000 https://worldofaviation.com/?p=84360 The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 per cent due to the ongoing pandemic.]]> https://worldofaviation.com/2020/06/singapore-airlines-raises-us7-2bn-in-new-liquidity/ Tue, 09 Jun 2020 06:56:01 +0000 https://worldofaviation.com/?p=84326 Singapore Airlines has announced that it has managed to raise US$7.2 billion in new equity through the company’s recent rights issue. Along with its new liquidity, the Changi Airport-based national flag carrier of Singapore has built up a mix of secured and unsecured credit facilities. It is hoped this new liquidity will leave the airline]]> https://worldofaviation.com/2020/06/warren-buffett-wrong-to-sell-airline-shares-says-trump/ Tue, 09 Jun 2020 06:45:47 +0000 https://worldofaviation.com/?p=84323 US President Donald Trump has criticised Warren Buffett’s decision to sell  $6.1 billion of shares in the four largest US airlines in May. President Trump highlighted figures showing shares in America’s big four airlines are up amid claims recovery is on the way. Airlines faced a heavy blow when Buffett pulled his investments from the]]> https://worldofaviation.com/2020/06/taxi-drones-to-deliver-bulky-goods-in-china/ Tue, 09 Jun 2020 05:56:35 +0000 https://worldofaviation.com/?p=84314 A Chinese tech company will begin using  drone helicopters to deliver bulky goods to residents’ houses after receiving official permission from the Chinese aviation authority to test the service in a major step to pilotless passenger transport. The company has obtained approval from the Civil Aviation Administration of China (CAAC) to use its drones in for]]> https://worldofaviation.com/2020/06/japans-new-low-cost-carrier-zipair-makes-maiden-flight/ Thu, 04 Jun 2020 05:34:56 +0000 https://worldofaviation.com/?p=84249 Zipair has made its maiden flight from Tokyo to Bangkok, however the flight carried no passengers due to the continuing coronavirus pandemic. The cargo-only flight carried machine parts and chemical products on its maiden voyage. LIVE: The inaugural international service of JAL's new LCC Zipair Tokyo is en-route to Bangkok from Narita, ironically only with]]> https://worldofaviation.com/2020/06/isreali-airport-authority-effectively-grounds-el-al/ Thu, 04 Jun 2020 05:02:18 +0000 https://worldofaviation.com/?p=84240 The Israeli Airports Authority (IAA) has barred El Al from performing cargo-only flights, effectively grounding the airline. The decision was made as the Israeli flag carrier has accumulated approximately $17.3 million in debt to the airport. Passenger flights in Israel remain banned due to the coronavirus, with no current date for recommencement. As Israel has]]>