The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose US$84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to US$419 billion from US$838 billion in 2019. In 2021, losses...
With COVID-19 affecting businesses, especially in the aviation industry, this is actually the best opportunity for Ghana to secure an aviation industry that is solidly backed by a vibrant national airline, Radia Adama Saani, Chief Executive Officer of Moontouch Travel Limited, has said.
"As the aviation industry struggles through COVID-19, Ghanaians are...
Minister of Aviation Joseph Kofi Adda has said that government is aggressively working to ensure the country’s new national airline commences concurrently with the global resumption of air operations.
According to him, even though the partial closure of borders worldwide has come at a great loss to players in the...
More flights for passengers will be available from 15th June between Dubai and 16 cities: Bahrain, Manchester, Zurich, Vienna, Amsterdam, Copenhagen, Dublin, New York JFK, Seoul, Kuala Lumpur, Singapore, Jakarta, Taipei, Hong Kong, Perth and Brisbane
Travellers flying between Asia Pacific, Europe and the Americas, can connect safely and...
…another payment to cater for quarantine mandatory before evacuation
The Ghana High Commission in Nigeria has sent out a notification that all stranded Ghanaians willing to return must pay a fee to assist their evacuation to Ghana tomorrow – Tuesday, June 2, 2020. The fee ranges from US$800-1,000 from Abuja...
The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020.
$67 billion of the new debt is composed of government loans ($50 billion), deferred...
Revenue shortfall now over 90%
GCAA, Airport Company may require gov’t bailout
Staff proceed on leave without pay; non-critical projects suspended
The aviation sector, like other sectors of the economy, is counting its losses and grasping at straws to survive.
With players expressing mixed feelings about continuous closure of...
Emirates has unveilled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards onboard and on the ground. The new measures took effect last week, with the resumption of regularly scheduled passenger flights to nine destinations.
"Emirates is implementing a comprehensive...
The Ghana Civil Aviation Authority (GCAA) and Ghana Airport Company (GACL) have waived landing charges indefinitely for all flights that use Ghana’s airports. The move is to help alleviate the plight of airlines and other stakeholders in the aviation space due to the effect of COVID-19 on their operations.
Managers...