Sky Bahamas CEO and gov’t minister deny $30mn fraud claim
Randy Butler, president and chief executive of Sky Bahamas (SBM, Nassau Int’l), and Kevin Peter Turnquest, deputy prime minister and… Read More »
Garuda Indonesia shareholders back $600mn bond bailout
Garuda Indonesia (GA, Jakarta Soekarno-Hatta) has secured shareholder approval to issue seven-year convertible bonds with a maximum amount of IDR8.5… Read More »
Boeing seeks reversal of Norwegian lawsuit as creditors mass
Although the High Court of Ireland has granted Norwegian (DY, Oslo Gardermoen) and its five Irish subsidiaries, which own many… Read More »
LOT set to exit Estonia’s Xfly in late 4Q20
Estonia’s state-owned flag carrier Nordica (EE, Tallinn Lennart Meri) will “terminate” LOT Polish Airlines’ 49% ownership in its ACMI/charter subsidiary… Read More »
Pakistan’s PIA to lay-off 33% of its staff
The Pakistan government has approved PKR12.87 billion rupees (USD81.46 million) in funding to support a planned voluntary redundancy scheme at… Read More »
Saudia received $6.75bn in state aid in 2019-2020 – report
The Government of Saudi Arabia funnelled at least USD7 billion into state-owned flag carrier Saudia (SV, Jeddah) in 2019 and… Read More »
Australia’s Rex confirms A$150mn investment from PAG
Rex – Regional Express (ZL, Wagga Wagga) has signed a final agreement with Asia-Pacific investment firm PAG regarding AUD150 million… Read More »
Netherlands drops cargo tax, plans hike in passenger tax
The Dutch government has ditched its proposed tax on cargo traffic after a study revealed that freighters were likely to… Read More »