Category: aviation
American Airlines cuts long-haul international flights by 75%
American Airlines said it will suspend 75% of its long-haul international flights from the U.S., beginning March 16 in response to decreased demand and government travel restrictions put in place to lessen the spread of COVID-19. American Airlines had already reduced its capacity. This latest move, which was announced Saturday…
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Delta Air Lines cuts capacity by 40%
Industries across the spectrum are struggling to meet the challenges that the current Coronavirus outbreak presents. Few, though, are as immediately impacted as the airlines (and all the third-party companies that provide services to them), which have seen an immediate and drastic reduction in demand. As Delta CEO Ed Bastian…
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Airlines start canceling more flights from Europe as new restrictions go into effect
With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge. Unsurprisingly, we are now seeing even more cancellations across the industry as even U.S. citizen and legal permanent residents can now only enter…
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Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to…
Read MoreVolocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to…
Read MoreVolocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to…
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