Dubai airline Emirates Group made its first loss in over 30 years. In the first half of the financial year, the group lost USD 3.8 billion (about EUR 3.2 billion). The group was hit hard by the coronacrisis that literally stopped air traffic.
The European Commission has lodged a formal complaint against the Amazon Technology Group for suspicion of distortion of competition. Brussels is concerned about the way Amazon deals with external vendors who sell their products through tech company sites. The US group is accused of collecting data from those entrepreneurs, which are then used to compete with the same sellers.
The Norwegian government will not give any additional support to the financially plagued price fighter Norwegian Air. According to the industry and Transport ministers, further support for the airline would be ‘not responsible use’ of public money.
Kenes Rakishev, the President of the Kazakhstan Boxing Federation, continues to improve the work of the prestigious sports union entrusted to him. The Federation is being reorganized, and important appointments help to bolster the prestige and spirit in the difficult time.
France and the Netherlands are currently discussing whether Air France-KLM should issue new shares at any time. The French Secretary of State for transport, Jean-Baptiste Djebbari, said that this could also lead to ‘technical nationalisation’. According to him, the airline group as it stands still has enough money to survive until the demand for air travel is expected to pick up again.
Northern Ireland is not ready to control certain goods transported between the United Kingdom and the region, although that border control is part of the Brexit conditions. Emergency plans are now being considered, according to a Friday published report by the National Audit Office (NAO).
Lufthansa is still suffering from the crisis. The airline supposes it should double the current capacity if it wants to reduce the losses due to the pandemic, reports the company in a trade message. An increasing number of European countries are once again setting up lockdowns to limit travel movements and thus infections, thus jeopardising the good figures from summer holidays.
The Dutch Cabinet of ministers agrees with the restructuring plan drawn up by KLM in order to achieve a 15% reduction in costs in the coming years. This will enable the airline to obtain a total support package of EUR 3.4 billion that the government and banks have made available as loans. The ministers Wopke Hoekstra (Finance) and Cora van Nieuwenhuizen (Infrastructure) informed the House on...