Tag: restructuring

Azul announces completion of restructuring with lessors and OEMs

Azul S.A. announces that it has completed the restructuring of its obligations with substantially all lessors and OEMs, which contemplated: (i) the permanent elimination of lease payment obligations that had previously been deferred during the COVID-19 pandemic; (ii) a permanent reduction in lea...

Delta, Los Angeles International Airport accelerate terminal transformation by 18 months

Customers can now look forward to the all-new Los Angeles International Airport experience a full 18 months sooner than planned. Los Angeles Mayor Eric Garcetti joined leaders from Delta and Los Angeles World Airports (LAWA) Thursday to announce the acceleration of the Delta Sky ...

Sharjah Airport Authority launches initiative to Emiratise technical jobs

By Staff Writer, WAM (Emirates News Agency) Sharjah Airport Authority has collaborated with Sharjah Driving Institute aimed at localising technical jobs in the Fire and Rescue Department. The cooperation is part of the airport's strategy to qualify and attract Emirati cadres to various de...

Embraer adjusts its structure in response to the impacts of COVID-19

Embraer adjusts its structure in response to the impacts of COVID-19

Embraer announced today a 4,5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company’s partnership with Boeing. The objective is to...

Lufthansa launches second set of measures of its restructuring program

Lufthansa launches second set of measures of its restructuring program

The Executive Board of Deutsche Lufthansa AG has approved a second set of measures as part of its overall restructuring program in the wake of the coronavirus crisis. With the first set of measures launched in early April it had been decided, among other things, to reduce the fleet by 100 aircraft a...

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