Virgin Orbit, the US-based satellite launch provider, is reportedly facing bankruptcy as it struggles to secure new funding sources. The company paused its operations and furloughed most of its employees last week. It is said to be scrambling to find a funding lifeline, with a potential buyout proposal of nearly $200 million on the table. […]
Aviation is an expensive industry, many airlines struggle to come up with more efficient ways to cut their costs without annoying travelers or lowering their quality. The aviation industry always pays the most attention possible to details. You won’t believe the ideas airlines come up with to cut their costs, as many of these techniques […]
The cost for fuel is one of an airline’s biggest cost driver. If fuel prices are getting out of control, the overall cost will be heavily affected, too. However, there are ways that an airline can protect itself against it – by hedging fuel. There are several kinds of fuel hedging. Futures Contract This is […]
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