ARC NEWS
Air Jamaica lays off employees
April 01, 2019
On the 31st of March 2019, Air Jamaica has laid off all of its employees. The airline has been in financial trouble since their only operating aircraft, a Boeing 757- 200 crash landed at Guyana’s Cheddi Jagan International Airport on November 9, 2018. The airline had been unable to operate since.


TUI outlines impact of B737 MAX grounding
April 01, 2019
Tour operator TUI is expecting a $225 million once off impact on its earnings due to the grounding of the Boeing 737 MAX.
TUI has 15 MAX jets that are affected by the grounding and are expecting to receive another 8 of this type by the end of May 2019. They have however, put a contingency plan in place by activating spare aircraft within the fleet and by leasing-in additional aircraft to secure their capacity for the Easter holidays.


Asiana Airlines facing financial difficulties
April 01, 2019
South Korean carrier Asiana Airlines has announced that it may sell assets, cut routes and may get rid of aircraft from its fleet to overcome financial difficulties. Co-chief executive Han Chang-soo says in a letter to the airline’s employees that a task force has been appointed to oversee the company’s restructuring process. The selling of Asiana's assets will help to boost its short-term liquidity, and help support its credit rating. No further details regarding route and aircraft cuts have been mentioned.


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