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List Of Airlines Impacted By The COVID-19 Pandemic
Mirroring its impact on aviation, the COVID-19 pandemic has had a significant impact on airline companies due to travel restrictions and a slump in demand among travelers. Several airlines have declared bankruptcy, with some ceasing operations, while other airlines reported historic reductions in flights, as well as accelerating retirements of certain aircraft types, such as the Airbus A340, Airbus A380, or the Boeing 747. By 8 October 2020, 43 commercial airlines had gone bankrupt, and many more were expected to follow. In late October 2020, ACI Europe stated that 193 (mostly regional) of the 740 airports in Europe were also risking bankruptcy. Bankruptcies * On 11 February 2020, Air Italy ceased operating. This decision was made following the shareholders' meeting of Air Italy (Alisarda and Qatar Airways through AQA Holdings spa). According to the airline, its flights were operated by other carriers according to the original schedule between 11 and 25 February. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Nearly Empty Flight From PEK To LAX Amid The COVID-19 Pandemic 1
A, or a, is the first Letter (alphabet), letter and the first vowel of the Latin alphabet, Latin alphabet, used in the English alphabet, modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is English alphabet#Letter names, ''a'' (pronounced ), plural English alphabet#Letter names, ''aes''. It is similar in shape to the Greek alphabet#History, Ancient Greek letter alpha, from which it derives. The Letter case, uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, "English articles, a", and its variant "English articles#Indefinite article, an", are Article (grammar)#Indefinite article, indefinite arti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Insolvency Law
Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is principally governed by the Corporations Act 2001. Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the wider community when debtors are unable to meet their financial obligations. The aim of the legislative provisions is to provide: * an orderly and fair procedure to handle the affairs of insolvent companies; * to ensure a ''pari passu'' equal distribution of the assets amongst creditors; * to ensure claims against the insolvent company are resolved with the minimum of delay and expense; * to rehabilitate financially dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Australia
Virgin Australia, the trading name of Virgin Australia Airlines Pty Ltd, is an Australian-based airline. It is the largest airline by fleet size to use the Virgin Group, Virgin brand. It commenced services on 31 August 2000 as ''Virgin Blue'', with two aircraft on a single route. It suddenly found itself as a major airline in Australia's domestic market after the collapse of Ansett Australia in September 2001. The airline has since grown to directly serve 32 cities in Australia, from hubs in Brisbane Airport, Brisbane, Melbourne Airport, Melbourne and Sydney Airport, Sydney. The airline's headquarters is based in South Bank, Queensland. It was co-founded by British businessman Richard Branson (the founder of Virgin Group), and former CEO Brett Godfrey. In 2011, the airline went through a massive transformation—the changing of its brand to Virgin Australia. This included the introduction of a new aircraft livery, new uniforms, and new onboard menu options as well as a busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London City Airport
London City Airport is a regional airport in London, England. It is located in the Royal Docks in the Borough of Newham, approximately east of the City of London and east of Canary Wharf. These are the twin centres of London's financial industry, which is a major user of the airport. The airport was developed by the engineering company Mowlem in 1986–87. In 2016 it was bought by a Canadian-led consortium of Alberta Investment Management Corporation (AIMCo), OMERS, the Ontario Teachers' Pension Plan and Wren House Infrastructure Management of the Kuwait Investment Authority. London City Airport has a single long runway, and a CAA Public Use Aerodrome Licence (Number P728) that allows flights for the public transport of passengers; this licence also allows training flights, but only for the purpose of training pilots to operate at this specific airport. Only multi-engine, fixed-wing aircraft up to Airbus A318 size with special aircraft and aircrew certification to fly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CityJet
CityJet is an Irish regional airline with headquarters in Swords, Dublin. It was founded in 1992 and has gone through a series of corporate structures. Air France sold CityJet to ''Intro Aviation'' in May 2014; in March 2016 the airline was bought by founder Pat Byrne and other investors. Since 2017, CityJet had moved away from scheduled flights and has instead focused on wet leasing and charter flights. As of August 2020, the airline operates wet-lease services on behalf of Scandinavian Airlines. History Early years Cityjet was founded in 1992 as Business City Direct and commenced operations in January 1994, serving a single route between Dublin and London City Airport under a franchise agreement with Virgin Atlantic, in which it paid fees and charges to Virgin in order to operate as Virgin Cityjet and use Virgin Atlantic' distribution channels. The airline was mainly competing with British Midland and Aer Lingus services from Dublin to London Heathrow and Ryanair services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Furlough
A furlough (; from nl, verlof, "leave of absence") is a temporary leave of employees due to special needs of a company or employer, which may be due to economic conditions of a specific employer or in society as a whole. These furloughs may be short or long term. United States US federal government In the United States, involuntary furloughs concerning federal government employees may be of a sudden and immediate nature. Such was the case in February 2010, when a single United States Senate objection prevented emergency funding measures from being implemented. As a result, 2,000 federal workers for the Department of Transportation were immediately furloughed as of March 1, 2010. The second-longest such shutdown was December 16, 1995, to January 6, 1996, which affected all non-essential employees, shutting down many services including National Institutes of Health, visa and passport processing, parks, and many others. This happened again on October 1, 2013, and on January 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BRA Braathens Regional Airlines
Braathens Regional Airlines (BRA) is a Swedish airline founded in 2016 and one of the largest domestic airlines in Sweden. The company has its headquarters in Bromma, Stockholm. History BRA Braathens Regional Airlines was founded in 2016 with the purpose of uniting the previously distinct appearances of Malmö Aviation, Sverigeflyg and Braathens Regional and offer one single brand to the Swedish domestic market. BRA does not have an AOC and any aircraft of its own. Instead it uses the capacities of its sister companies Braathens Regional Airways and Braathens Regional Aviation. In early April 2020, BRA suspended all flights between 6 April and 31 May in response to a sharp decrease in demand and the Swedish Government and Public Health Agency's recommendation that people not travel around the country. BRA filed in court for a debt restructuring on 6 April 2020, and ceased all operations until further notice. Destinations The following destinations are marketed by BRA as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Connection
Delta Connection is a regional airline brand name for Delta Air Lines, under which a number of individually owned regional airlines primarily operate short- and medium-haul routes. Mainline major air carriers often use regional airlines to operate services via code sharing agreements in order to increase frequencies in addition to serving routes that would not sustain larger aircraft as well as for other competitive or operational reasons. Delta Connection flights are operated by Delta-owned Endeavor Air and contractors Republic Airways and SkyWest Airlines. History Delta Connection was founded in 1984 as a means of expanding the Delta network to smaller markets via partnerships with regional airlines. Atlantic Southeast Airlines (ASA) began Delta Connection service on March 1, 1984, from their hub in Atlanta, and soon had a substantial presence at the Dallas/Fort Worth International Airport. ASA was a wholly owned subsidiary of Delta Air Lines under the Delta Connecti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Eagle (airline Brand)
American Eagle is a US brand name for the regional branch of American Airlines, under which six individual regional airlines operate short- and medium-haul feeder flights. Three of these airlines, Envoy Air (formerly American Eagle Airlines), Piedmont Airlines, and PSA Airlines, are wholly owned subsidiaries of the American Airlines Group. American Eagle's largest hub is Charlotte Douglas International's Concourse E, which operates over 340 flights per day, making it the largest express flight operation in the world. History Prior to the Airline Deregulation Act in 1978, most major US air carriers had maintained close relationships with independent regional carriers in order to feed passengers from smaller markets into the larger cities, and, in turn, onto the larger legacy carriers. In the post-regulation era, the hub-and-spoke system gained prominence, and in order to feed traffic from smaller markets into these newly established hubs, the major carriers outsourced regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_Boeing_737-7FE_at_Melbourne_Airport.jpg "Click for more on -> Virgin Australia")
