Tag Archives: shutdown

As the airline industry grapples with the largest demand shock in history, India’s skies are closed to all passenger traffic. 650 aircraft are grounded, cash-flows have dried up and pay-cuts and layoffs are the new normal. It does not help that the corona crisis came at a time where the country was also dealing with a banking crisis. Add to …

With the rapid spread of the coronavirus pandemic, airlines have experienced the largest demand shock in history. Overnight demand has evaporated and each passing day brings with it news of airlines grounding entire fleets. International markets are shut and for India’s airlines, contrary to the narrative that domestic demand will help mitigate the impact, the situation is actually worse. This …

Boeing has announced that it will suspend all aircraft production at their factories in the Puget Sound area in Washington, USA. The shutdown is due to the prevailing state of emergency declared in Washington and due to the continuing spread of the Covid-19 virus. Boeing is reducing operations today and will shut down on 25 March 2020. The shutdown will …

The announcement by the owners of Air Italy that it will suspend operations on 25th February brought to an end the short-lived resurrection of the airline that was founded in 1963 and flew by the names of Meridiana, Meridiana Fly and Air Italy under various ownership structures over the years. Qatar Airways, which picked up a 49% stake in the …