British Airways is increasingly likely to face strike action this autumn, as the trade union representing cabin crew said that new contracts offered to the airline's remaining staff did not offer enough stability and could cut pay substantially. Ciara Lee reports
IAG, the owner of British Airways, said it planned to raise 2.75 billion euros from shareholders to prop up its finances and allow it to survive what could be a longer-than-expected collapse in flying, while KLM, the Dutch arm of Air France-KLM, said on Friday it would cut 1,500 additional jobs. Ciara Lee reports
On Wednesday, the U.S. House Transportation and Infrastructure Committee released a 245-page report about the deadly Boeing MAX jet crashes. The two plane crashes in 2018 and 2019 weren’t a result of one single issue. They were caused by the failures of Boeing staff, Boeing management, and the Federal Aviation Administration. "A series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA.
According to CNN Business, British Airways will retire 31 Boeing 747 jets, four years ahead of schedule.
The coronavirus pandemic has wiped out the demand for air travel, and many airlines are cutting..