IATA predicts airline industry won't turn cash positive till Q4 of 2021, which is earlier than expected, thanks to the hope of Covid vaccines coming soon.
The new rules, part of a partial lockdown in UK to curb a resurgence of the coronavirus, come as the aviation industry struggles to survive a collapse in demand.
Southeast Asia’s budget carrier has been under immense pressure as the Covid pandemic roils the aviation industry. It reported its largest loss on record in the quarter ended June 30.
In a written reply to the Rajya Sabha, Union Minister Hardeep Singh stated that revenue of airport operators reduced to Rs 894 crore during April-June 2020 from Rs 5,745 crore last year.
IATA, which represents 290 carriers globally, said it doesn’t see passenger traffic recovering until at least 2024, and expects airlines to lose more than $84 billion in 2020.
Within 48 hours of bookings opening for Ultraviolette’s X-47 Crossover, reservations had crossed the 3,000 mark. Nothing quite explains the hype around Ultraviolette.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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