Due to staffing issues and strikes, the world’s largest airline, Lufthansa, plans to cancel more than 3,000 flights this summer.
industry
Australia’s Qantas Airways (QAN.AX) told on Thursday it would buy the remaining 80% stake in Alliance Aviation Services (AQZ.AX) for A$610.8 million ($443.14 million) in an all-stock agreement to grow its footprint in the charter business.
Sanad, a wholly-owned subsidiary of Mubadala Investment Company, has signed a Memorandum of Understanding (MoU) with Thales to explore places of collaboration in the fast-developing domains of industrial services for airport security, air traffic, and avionics systems.
Manufacturers, lessors, insurers, and maintenance is given to Russian carriers like Aeroflot (AFLT.MM), S7 Airlines, and AirBridge Cargo are among those outside Russia that are hit instantly by sanctions.
Russia’s invasion of Ukraine and airspace restrictions pose huge challenges to international aviation as hundreds of flights that operated to fly over Russian air space now have to opt for alternative routes, leading to a growth in operating prices due to more fuel burn.