Virgin Australia’s unsecured creditors to get 9%-13% return under Bain deal
Virgin Australia Holdings Ltd’s (VAH.AX) unsecured creditors will receive an average return of 9%-13% of their funds as part of… Read More »
Singapore Airlines slumps to $817 million quarterly loss as pandemic hits demand
Singapore Airlines Ltd (SIAL.SI) warned passenger capacity may remain at less than half of pre-pandemic levels by its March… Read More »
Bain Capital agrees with Virgin Australia administrator to buy struggling airline
U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd… Read More »
Virgin Australia airline seeks bankruptcy protection
Virgin Australia, the nation’s second-largest airline, announced Tuesday it had entered voluntary administration, seeking bankruptcy protection after a debt crisis… Read More »
Airlines hunt for storage space as pandemic idles jets
As airlines idle thousands of aircraft for which there are no passengers, they are hitting an unprecedented problem: finding a… Read More »
Safest airlines in the world are in Asia-Pacific, along with some of the most punctual
Qantas tops AirlineRatings.com’s safest list, followed by Air New Zealand and Eva Air from Taiwan. Cathay takes 9th place Garuda… Read More »
Lufthansa Considers Cutting Frankfurt-Beijing Flights
Lufthansa is reportedly reevaluating its operations to China, with plans to potentially discontinue its direct flights between Frankfurt (FRA) and… Read More »
Starlux Airlines to Join Oneworld Alliance by 2025
Starlux Airlines, the newest of Taiwan’s three international carriers, has announced its intention to join the Oneworld airline alliance by… Read More »