Controversy surrounds Sun Country’s US CARES loan
Low-cost carrier Sun Country Airlines (SY, Minneapolis/St. Paul) will receive another USD45 million in rescue aid under the US government’s… Read More »
Burundi reopens for international flights
Several airlines have resumed services to Bujumbura after Burundi re-opened for international flights on November 8, 2020, having been closed… Read More »
Avianca can manage without government loan, it says
Avianca Holdings will continue with its restructuring “without the participation of the government of Colombia” in its debtor-in-possession (DIP) financing,… Read More »
American Airlines discloses offering of 38.5 million shares
American Airlines Group has announced a proposed underwritten public offering of 38.5 million shares of its common stock, revealed in… Read More »
Korean Air parent mulls buying stake in Asiana Airlines
Korean Air (KE, Seoul Incheon) parent Hanjin KAL revealed on Friday, November 13, that it was considering the acquisition of… Read More »
Tahiti’s FLY CORALway secures its ATL
FLY CORALway (Papeete) has secured its Air Transport Licence (ATL) from the French Polynesian government. A statement issued by the… Read More »
PNG gov’t to inject $28.6mn to transform Air Niugini
Papua New Guinea’s government is to invest PGK100 million kina (USD28.6 million) in the restructuring of state-owned Air Niugini (PX,… Read More »
Former PIA managers in corruption, embezzlement scandal
A state probe into PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) has revealed embezzlement and corruption worth billions… Read More »