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Rex eyes breakeven by July amid ‘uneven’ regional demand recovery

Australia’s Regional Express (Rex) is hopeful it will break even by July this year, even as it acknowledges that its regional operations are loss-making “at current demand levels”. In an interim business update disclosed on 10 May, Rex states that its cash position has “improved exponentially”, with its unencumbered cash reserves increasing tenfold compared to …

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Breeze backtracks on recruiting college students as flight attendants

Breeze Airways, the new low-cost start-up airline founded by entrepreneur David Neeleman, is backtracking on a plan to hire only university students to work as flight attendants after coming under fire for the programme last week. According to the Salt Lake City-headquartered airline’s website, it is now recruiting flight attendants outside of the partnership with …

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Kratos to deliver first XQ-58A Valkyrie production unit in a ‘couple of months’ to USAF

Kratos Defense & Security Solutions expects to deliver its first production unit of the XQ-58A Valkyrie unmanned air vehicle (UAV) to the US Air Force (USAF) “in the next couple of months”. That’s according to comments from Eric DeMarco, Kratos chief executive, on a first quarter earnings call on 5 May. The company started production …

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‘Not worth commenting on’: IATA chief Walsh slams UK travel restart plan

The UK’s announcement of countries to which non-essential travel can resume from 17 May has been given short shrift by IATA director general Willie Walsh.  A statement issued by the airline industry association today simply quotes Walsh as saying: “It is very disappointing and frankly not worth commenting on.” The UK government has named Israel, Portugal …

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UK gives green light for travel to 12 countries including Israel and Portugal

The UK government has named Israel, Portugal and Gibraltar among the 12 countries and territories on its ‘green list’ of destinations for the resumption of non-essential international travel on 17 May.  ”We want a summer in which… we can travel to places we love,” says UK transport secretary Grant Shapps during a briefing today. “We …

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Air Canada loses C$1.3bn in Q1; calls on government to end restrictions

Air Canada continues to haemorrhage cash as the airline’s home country keeps its air carriers in the dark about a time-line for easing strict restrictions that are hindering them from returning to a pre-coronavirus normal. Speaking on the Montreal-based airline’s quarterly earnings results analyst call on 7 May, chief executive Michael Rousseau called on the …

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