Below you'll find a list of all posts that have been tagged as “#COVID-19”
Re-strategizing Comair, says the it will enter business rescue to safeguard the interests of the company and its stakeholders after the Covid-19 crisis disrupted the implementation of a turnaround plan. The company, which reported a half-year loss of R564 million for H1 F20, faced an unprecedented situation following the Covid-19 lockdown. Wrenelle Stander, Comair CEO, says: “While we …
The International Air Transport Association (IATA) released an 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. IATA said $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 …
The aviation landscape globally is changing as a result of COVID-19, with African airlines likely to be the hardest hit. According to IATA’s COVID-19 financial impact assessment of March 2020, Africa will experience one of the starkest declines in traffic. The majority of African airlines are currently grounded, with notably bankruptcies of South African Airlines and Air Mauritius, with a …
Jens Ziesel is the Regional Director for Africa and Turkey within Collins Aerospace Avionics business. One of his main tasks is to ensure flexibility in responding to an increasingly demanding marketplace. Before being named as Regional Director for Africa and Turkey in January 2020, Jens was Director Sensors and Fire Protection (S&FP) for EuMEA supporting the integration of the S&FP …
As the COVID-19 pandemic takes its unprecedented toll on the aviation industry, Mr. Ali Tounsi, Secretary General of the Airports Council Industry Africa Region (ACI-Africa), here outlines measures to tide the airports industry over the pandemic period. He wants African airports to position an embrace the change that will emerge post-COVID-19, as he stresses the need for airlines and airports …
Domestic flights which have been suspended since March as one of the measures to control the spread of the coronavirus, are to resume at the nation’s airports beginning Sunday 21st June 2020. Minister of Aviation, Senator Hadi Sirika, who disclosed this at Monday’s briefing of the Presidential Task Force on COVID-19, said the resumption of flights will be purely …
The International Air Transport Association (IATA) released an 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. IATA said $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). …
The Nigerian government has extended the flight restriction in Nigeria for another 4 weeks on the advise of experts, as part of measures to contain the spread of the COVID-19 Pandemic. The Chairman of Nigeria’s Tax Force on COVID-19, Mr. Boss Mustapha, announced the extension in a recent briefing just as the previous lockdown period ended. In a notice to …
The International Air Transport Association (IATA) has called for aviation-specific financial relief measures from the government of Nigeria to address the severe impact of the COVID-19 crisis on the air transport sector. Air transport has ground to a halt in efforts to stop the spread of COVID-19. Along with the direct impact on jobs and companies in aviation, related industries …
Nigeria’s Minister of Aviation, Senator Hadi Sirika, has assured the aviation industry of “better days ahead” in the face of the COVID-19 Pandemic. According to the Minister, the Government of Nigeria is aware of the dire situation in the aviation sector and will do whatever is practically possible to mitigate the consequences of the total lockdown in the industry and …
