Air New Zealand plans to cut up to 385 more cabin crew jobs
Air New Zealand Ltd AIR.NZ said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the… Read More »
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 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 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 »
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 »