Singapore Airlines to cut 4,300 jobs due to pandemic, most in its history
Singapore Airlines Ltd SIAL.SI said on Thursday it would cut 4,300 positions, or around 20% of its staff, due to the debilitating… Read More »
Virgin Australia to cull a third of its Boeing 737 fleet under Bain ownership
Virgin Australia Holdings Ltd VAH.AX said on Wednesday it is returning a third of its fleet of Boeing Co BA.N 737 planes to lessors… Read More »
Virgin Australia creditors approve sale to Bain Capital
Virgin Australia Holdings’ creditors have agreed at an online meeting to sell the indebted carrier to Boston-based private equity group… Read More »
Virgin Australia creditors approve airline’s purchase by Bain Capital
Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S…. Read More »
Air New Zealand focuses on domestic and short-haul international routes
The carrier does not expect to return to the US until at least the second half of 2021. Air New… Read More »
Air New Zealand to draw on government loan after first annual loss in 18 years
Air New Zealand Ltd (AIR.NZ) plans to draw on a NZ$900 million ($596.34 million) government loan within days to help… Read More »
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 »
Finnair to cut up to 1,000 jobs, seeks further savings
Finnish national carrier Finnair (FIA1S.HE) plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek… Read More »