Germany greenlights $1.66bn loan to Swiss and Edelweiss
The German government has cleared a CHF1.5 billion Swiss franc (USD1.66 billion) state-backed loan to Swiss (LX, Zurich) and its… Read More »
German tour operators cancel Spanish packages
Leading German tour operators TUI Group and DER Touristik suspended all departures to mainland Spain and the Balearic Islands following… Read More »
Biman Bangladesh suspends freighter plans; delays Dash 8s
Biman Bangladesh Airlines (BG, Dhaka) has suspended its plan to add two dedicated freighters as the financial impact of the… Read More »
Japan’s ANA Holdings in talks to raise $4.7bn in capital
ANA – All Nippon Airways (NH, Tokyo Haneda) parent ANA Holdings is in talks with several banks, including the government-run… Read More »
UK’s Virgin Atlantic defers deliveries
Virgin Atlantic (VS, London Heathrow) has deferred deliveries of its forthcoming widebody aircraft and currently plans to take leased aircraft… Read More »
Court gives Thai Airways extra time to address creditors
Thai Central Bankruptcy Court has extended the deadline for Thai Airways International (TG, Bangkok Suvarnabhumi) to submit a restructuring proposal… Read More »
Russia’s AirBridgeCargo adds Boeing 777 freighter
AirBridgeCargo (RU, Ulyanovsk Vostochny) took delivery of its maiden Boeing 777-F on August 17, 2020. The aircraft joined the carrier’s… Read More »
LOT Polish Airlines retires only B737-700
LOT Polish Airlines (LO, Warsaw Chopin) retired its sole B737-700 on August 12, 2020, following a near five-month-long grounding at… Read More »
TAP Air Portugal selects consultancy, boosts N America ops
Following the European Commission’s approval of state aid to TAP Air Portugal (TP, Lisbon), the airline has now settled on… Read More »
India’s SpiceJet to add an A340 makeshift freighter
SpiceJet (SG, Delhi Int’l) will add an A340 freighter to its existing cargo fleet of three B737-700(BDSF)s, two B737-800(BCF)s, and… Read More »
Cape Air grounds P2012 Travellers pending regulatory review
Cape Air (9K, Hyannis) has voluntarily grounded its fleet of six Tecnam P2012s amid a dispute between US and European… Read More »
Nigeria’s Air Peace recalls sacked pilots after union threat
Air Peace (P4, Lagos) has agreed to recall “some” of over 70 pilots it sacked earlier in August after the… Read More »
easyJet to shutter three UK bases in late 3Q20
easyJet (U2, London Luton) has confirmed the closure of bases at each of London Stansted, London Southend, and Newcastle, GB… Read More »
Wizz Air UK to open Doncaster/Sheffield base in 4Q20
Wizz Air UK (W9, London Luton) will open a new base at Doncaster/Sheffield airport, its second in the United Kingdom, with the onset of… Read More »
Thai carriers demand gov’t aid, Thai AirAsia returns to BKK
Thailand’s ailing low-cost carriers have dispached a follow-up letter to the country’s prime minister, Prayut Chan-o-cha, repeating an earlier appeal… Read More »
Vietnam Airlines finalising $518mn capital injection
Vietnam Airlines (VN, Hanoi) Vietnam Airlines (VN, Hanoi) is finalising procedures on a VND4 trillion dong (USD173 million) government loan… Read More »
Aeroméxico secures $1bn DIP loan from investment firm
Aeroméxico (AM, México City Int’l) has secured USD1 billion in Debtor-In-Possession (DIP) financing – a form of funding for companies… Read More »
Avianca Holdings seeks $1.2bn in fresh DIP financing
Avianca Holdings has outlined its proposed debtor-in-possession (DIP) financing, wherein it aims to raise around USD1.2 billion in fresh capital… Read More »
Auditors refuse to sign off on Thai Airways’ report
Trading in Thai Airways International (TG, Bangkok Suvarnabhumi) shares on the Stock Exchange of Thailand (SET) was suspended between August… Read More »
Second businessman enters race to buy El Al
Real estate tycoon Meir Gurvitz has filed a request with the secretariat of El Al Israel Airlines (LY, Tel Aviv… Read More »
American Airlines eyes second-tier network cuts in 4Q20
American Airlines (AA, Dallas/Fort Worth) is pondering suspending routes to as many as 30 second- and third-tier cities in the… Read More »
Following rapprochement, UAE, Israel target direct flights
The United Arab Emirates (UAE) is eager to develop direct flights to Israel following the normalisation of ties between the… Read More »