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SPIRIT AIRLINES GOES BANKRUPT, DUE TO RISING AVIATION FUEL PRICES
US low-cost carrier Spirit Airlines has officially announced that it has gone bankrupt after 34 years of operation. The airline, known for its bright yellow livery, employed approximately 17,000 people and is beginning...
FINALLY, LUFTHANSA CANCELS 20,000 FLIGHTS DUE TO FUEL PRICE HIKES
GERMANY’s national airline, Deutsche Lufthansa AG, announced the cancellation of 20,000 scheduled flights. This decision was made in response to geopolitical conditions in the Middle East that have affected...
INDONESIA COVERS VAT ON ECONOMY-CLASS DOMESTIC FLIGHTS TO CUT AIRFARES
THE Indonesian government has issued a regulation to cover value added tax (VAT) on economy-class domestic flight tickets, aiming to reduce airfares amid rising aviation fuel costs. The policy covers VAT on base fares...
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