Articles by Jakob Wert

Several European countries have significantly eased temporary Coronavirus-related travel restrictions on Monday, June 15th. France, Germany and Greece, among other countries, have completely let go of entry restrictions for travellers coming from … [read more]

Cathay Pacific has announced a recapitalisation financing plan, worth HK $39 billion (US $5 billion), to preserve its operations amid the ongoing Coronavirus crisis. This includes Hong Kong taking a stake in … [read more]

The United States plans to ban Chinese airlines from operating flights to and from US airports, the Department of Transportation (DOT) announced on Wednesday. The order is effective starting June 16th and … [read more]

Mitsubishi Heavy Industries (MHI) has completed the acquisition of Bombardier’s Canadair Regional Jet (CRJ) aircraft programme on Monday. The takeover, valued at approximately $750 million, was announced back in June 2019. Last … [read more]

Austrian Airlines has announced that it will resume limited flight operations on June 15th, after an almost three month long suspension. On March 18th, the Vienna-based carrier became one of the first … [read more]

Boeing is starting to reduce its United States-based workforce through almost 7,000 involuntary layoffs, President and Chief Executive Officer Dave Calhoun wrote in a letter to employees. Last month, the company already announced … [read more]

Boeing has restarted limited production of the troubled 737 MAX aircraft family at its factory in Renton, Washington. The work had been suspended since January this year. The US American aircraft manufacturer … [read more]

LATAM Airlines has filed for bankruptcy protection under Chapter 11 in New York, United States, the company announced on early Tuesday morning. The group’s holding, LATAM Airlines Group S.A., including its subsidiaries and … [read more]