Finnair details $569mn rights issue, EC okays state role
Finnair (AY, Helsinki Vantaa) has released details of its fully underwritten EUR500 million euro (USD569 million) rights offering, a sum… Read More »
Court stays SA Express liquidation until late 3Q20
South Africa’s High Court in Pretoria has delayed the liquidation proceedings of South African Express (XZ, Johannesburg O.R. Tambo) until… Read More »
Airbus threatens to sue airlines that bail on deliveries
Airbus (AIB, Toulouse Blagnac) is working with its airline customers to adjust terms of deliveries during the COVID-19 pandemic and… Read More »
Emirates, flydubai cut thousands of jobs
Emirates (EK, Dubai Int’l) laid off at least 600 pilots, predominantly first officers certified on the A380-800 type, in a… Read More »
Korean banks to renegotiate HDC’s acquisition of Asiana
The two state-owned banks that have provided KRW3.3 trillion won (USD2.7 billion) to Asiana Airlines (OZ, Seoul Incheon) over the… Read More »
Biman Bangladesh resorts to charters as demand plunges
Biman Bangladesh Airlines (BG, Dhaka) has begun offering charter flights to six domestic destinations as it seeks a way to… Read More »
Korean Air to receive another $840mn, sell land – reports
South Korea will give KRW1 trillion won (USD840 million) of its KRW40 trillion (USD33.6 billion) long-term industry stabilisation fund to… Read More »
Air Malta to resume ops from early 3Q20 as airport reopens
Air Malta (KM, Malta Int’l) will resume scheduled commercial passenger flights from July 1 as Malta Int’l reopens as part… Read More »
Belgium’s Air Antwerp to remain grounded through late 3Q20
Air Antwerp (WP, Antwerp) has announced that it will remain grounded through the end of August 2020 and will resume… Read More »
Government considering Myanmar National Airlines bailout
Myanmar’s government is considering granting a USD22 million dollar loan to indebted Myanmar National Airlines (UB, Yangon). This is according… Read More »
Air New Zealand CEO warns of $97mn more wage cuts
Air New Zealand (NZ, Auckland Int’l) CEO Greg Foran has told employees that they should brace themselves for further job… Read More »
Royal Canadian Air Force orders two Challenger 650s
Royal Canadian Air Force (CFC, Trenton, ON) has announced its choice of the Bombardier Challenger 650 as a replacement for… Read More »
Nauru Airlines receives $1.67mn cash injection
The Government of Nauru says it has provided a USD1.68 million cash injection to Nauru Airlines (ON, Nauru), primarily to… Read More »
Austrian secures €600mn bailout, eyes long-haul restart
Austrian Airlines (OS, Vienna) has secured a EUR600 million euro (USD678 million) bailout package backed by the Austrian government, commercial… Read More »
Loss prompts Lufthansa to consider sale of non-core units
Lufthansa (LH, Frankfurt Int’l) posted a EUR1.2 billion euro (USD1.35 billion) loss for the first quarter of 2020, prompting it… Read More »
Wizz Air eyes Lufthansa’s Frankfurt slots with lower fees
Wizz Air (W6, Budapest) is, in principle, interested in taking over slots at Frankfurt Int’l which Lufthansa (LH, Frankfurt Int’l)… Read More »
Brazil’s Gol, LATAM to cut workforce, hours
Brazil’s GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) is cutting staff wages and hours by up to half and… Read More »
Singapore Airlines secures $7.2bn in liquidity
Singapore Airlines (SQ, Singapore Changi) has raised a total of SGD10.2 billion Singapore dollars (USD7.3 billion) in liquidity through a… Read More »
Hong Kong gov’t set to take Cathay Pacific stake
The Government of Hong Kong is set to take a 6% stake in Cathay Pacific (CX, Hong Kong Int’l) as… Read More »
French court mulls manslaughter charges over Yemenia crash
French prosecutors are looking to take Yemenia (IY, Aden) to trial over the 2009 crash of an A310-300 that killed… Read More »
Namibian president advocates for Air Namibia liquidation
Namibian President Hage Geingob has said that Air Namibia (SW, Windhoek Int’l) should be liquidated since it is not making… Read More »
Virgin Group may pay $35-70mn to keep Virgin Australia stake
Richard Branson’s Virgin Group wants to invest between AUD50 and 100 million Australian dollars (USD35-70 million) in insolvent Virgin Australia… Read More »