Brussels backs further €40mn state aid to prop up Alitalia
The European Commission has concluded that EUR39.7 million euros (USD47.1 million) in further assistance the Italian government had asked… Read More »
Vietnam Airlines signs up for first part of $174mn loan
Vietnam Airlines (VN, Hanoi) took one step back from the brink of bankruptcy on July 3 when it signed a… Read More »
PIA Pakistan to issue $127mn sukuk this month
PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) will issue a ten-year sukuk later this month, worth up to… Read More »
Bangladesh again grounds domestic flights
Domestic flights in Bangladesh have been suspended until July 14, 2021, in line with a strict week-long COVID-19 lockdown following… Read More »
Kenya Airways to save $45mn from new fleet lease terms
Kenya Airways (KQ, Nairobi Jomo Kenyatta) expects to save USD45 million this year after changing the lease terms of its… Read More »
Indonesia AirAsia suspends scheduled flights as Covid spikes
Indonesia AirAsia (QZ, Jakarta Soekarno-Hatta) has said it would suspend its scheduled flight services starting this week to help the… Read More »
Trans Maldivian gets new owners in debt restructuring deal
Trans Maldivian Airways (TMW, Malé) – the world’s largest seaplane operator – has finalised a debt restructuring deal that has… Read More »
LATAM Airlines to sell nine B767s under restructuring plan
LATAM Airlines Group has filed a request with the US Bankruptcy Court for the Southern District of New York to… Read More »
Delta to buy $185mn of Apollo’s Aeroméxico Ch11 debt
Delta Air Lines (DL, Atlanta Hartsfield Jackson) has announced its intention to exercise an option to buy USD185 million of… Read More »
Aeroflot has no need to borrow more for now but extends loan
Aeroflot (SU, Moscow Sheremetyevo) has already created a safety cushion ahead of the typically arduous autumn season and sees no… Read More »
Australia’s Aviair lands state subsidy for Outback flights
Aviair (GD, Kununurra) is to receive a subsidy from the Western Australia Government to provide a new thrice-weekly service between… Read More »
Spain’s UEP! Fly to launch in early 3Q21
UEP! Fly has announced during a press conference it will launch scheduled services between Palma de Mallorca, Menorca, and Ibiza… Read More »
Comair downs flights as South Africa battles new COVID wave
Comair (South Africa) (MN, Johannesburg O.R. Tambo) is temporarily suspending all scheduled Kulula Air and British Airways franchise flights for… Read More »
Ottawa grants C$270.5mn lifeline to Porter Airlines
Cash-stricken Porter Airlines (PD, Toronto City Centre) will be able to restart operations later this summer after having been granted… Read More »
Mexico’s VivaAerobus plots IPO in the US – report
VivaAerobus (VB, Monterrey General Mariano Escobedo) is working with several financial institutions to prepare for a possible Initial Public Offering… Read More »
US tentatively bans all ticket sales to Belarus
The US Department of Transportation (DOT) has tentatively proposed to ban all passenger ticket sales, including on an interline basis,… Read More »
Nauru Airlines secures its first B737-700
Nauru Airlines (ON, Nauru) took delivery of its first B737-700, although its entry into service is not expected before the… Read More »
Asiana-Korean Air merger plan wins state seal of approval
The state-run Korea Development Bank has approved a plan that Korean Air (KE, Seoul Incheon) prepared for the integration of… Read More »
JAL fully adopts Spring, to invest in LCC routes, fleets
Having confirmed plans in April that it would take control of Spring (IJ, Tokyo Narita) from Chinese budget carrier Spring… Read More »
New Zealand’s Fly My Sky enters voluntary liquidation
Commercial Helicopters Limited, trading as Fly My Sky (Taumarunui), has been placed into voluntary liquidation, its liquidators and a filing… Read More »
Riyadh confirms plans for new Saudi national carrier
Saudi Arabia’s Crown Prince Mohammed bin Salman has confirmed press reports that the kingdom is planning to establish a second… Read More »
Listing of India’s GoAir on hold
Plans by GoAir (G8, Mumbai Int’l) to raise INR36 billion rupees (USD482.6 million) via an initial public offering (IPO) have… Read More »
Pakistan’s PIA to replace B777s with A320s
PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) is planning to dry-lease four A320-200s by the end of 2021,… Read More »
Ravn Alaska unveils trans-Pacific hub plans
Ravn Alaska (7H, Anchorage Ted Stevens) plans to launch a separate brand called Northern Pacific Airways and to acquire 10… Read More »
Latvia’s SmartLynx to add four more A321 freighters
SmartLynx Airlines (6Y, Riga) will expand its cargo division by converting four of its in-house A321-200s into dedicated freighters, Cargo… Read More »
South Africa’s Lift suspends flights amid Covid surge
Lift Airlines (GE, Johannesburg O.R. Tambo) has temporarily cancelled all its flights from July 5 to 31, 2021, citing a… Read More »