Aviation in Virginia

Gov’t tailwind of €115 million

The government on Thursday announced the allocation of 115 million euros to support the local airline industry, which Greek flag carrier Aegean Airlines considered positive but "too little in comparison with other European Union states." Instead the listed carrier is eyeing a €150 million state loan through the extraordinary credit mechanism for companies.

Carriers get slot respite from the EP

Air companies will not lose their airport slots this summer, according to a decision by the European Parliament in what is the first European measure to support carriers. Airlines have been hit hard by the coronavirus pandemic, as most have seen their flight numbers cut considerably, if not canceled altogether.

British Airways Faces a Record Fine - £ 183,000,000

"British Airways" will have to face a record fine - £ 183m because of a breakthrough in security systems that led to the leak of personal data.

Regulators have explained that this is the biggest financial penalty they have imposed and it is for the first time made public by the new rules that are in place.