Search Results for: Jet airways

Air Berlin Files for Insolvency

Air Berlin Files for Insolvency

Air Berlin plans to continue flying despite filing for insolvency following the withdrawal of financial support from leading shareholder Etihad Airways. Air Berlin, which has 8,600 employees, surpassed 2.7 billion euros ($3.2 billion) of losses in approximately six years with shares falling over 50 percent prior to the insolvency. The move to withdraw funding followed a deterioration of Air Berlins operations at an unprecedented pace said Etihad, which purchased a 29 percent stake in Air Berlin in 2012. Passengers who have already purchased tickets should note that a government loan will allow the airline to operate until mid-November. Aug 16, 2017
Qatar Airways is evaluating air routes opened by boycotting countries

Qatar Airways is evaluating air routes opened by boycotting countries

Qatar Airways is evaluating whether it will use air routes which media reports said were opened this week by countries embroiled in a political dispute with Qatar, the airlines chief executive said on Wednesday.Qatari-owned aircraft are blocked from using the airspace of Saudi Arabia, Bahrain, Egypt and the United Arab Emirates as part of economic sanctions enforced by the four countries in June. Aug 10, 2017
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