Business
Extra facility opened for planes grounded by Covid-19 – BBC News
Analysts say it’s an indication of more trouble ahead for the struggling airline industry
Image copyrightGetty Images
An aircraft storage facility in Central Australia is now so full that its owners have had to seek out more space.
Many carriers haven’t had enough passengers to justify flying during the pandemic, and have opted to store their planes.
Asia Pacific Airline Storage is storing 94 planes at Alice Springs, and will store more in Southeast Queensland.
Analysts say it’s a sign of how difficult conditions have become for airlines.
Singapore Airlines and Cathay Pacific…
-
Business13 hours agoThese 4 ASX mining stocks are rocketing as the rare earths boom intensifies
-
General11 hours agoBunbury man Stanley J Clemons sentenced for shooting neighbour’s dog
-
General22 hours agoWestern Bulldogs extend Essendon’s losing streak with 57 point thrashing
-
General20 hours agoAustralia solved civilisation’s problems