The COVID-19 pandemic has wreaked havoc on the aerospace industry forcing airlines to ground at least 80% of their fleet.
The aviation industry was flourishing fuelled by global economic growth and business and leisure travel before the pandemic.
German carrier Lufthansa has reportedly warned that as many as 26,000 jobs may be cut amid the Covid-19 pandemic.
US carrier United Airlines is reportedly considering the closure of three flight attendant bases in October.
The production of Boeing’s 737 Max aircraft was temporarily put on hold from January this year following two deadly air crashes due to technical issues with the plane’s flight control...
State-owned airline Kuwait Airways is set to lay off 1,500 foreign employees in response to the impact the Covid-19 pandemic has on its business.
Aero engines manufacturer Rolls-Royce has revealed plans to axe 9,000 jobs from its global workforce to deal with the reduction in engine and service demand due to Covid-19.
UAE flag carrier Emirates is reportedly planning 30,000 job cuts as it takes steps to deal with reduced passenger travel demand due to the Covid-19 pandemic.
Belgium-based Solvay’s Composite Materials business has revealed plans to close two of its facilities as the coronavirus (Covid-19) hits demand.
US carrier Delta Air Lines has considered retiring its fleet of Boeing 777s to cut costs due to a steep fall in passenger traffic as a result of the coronavirus...