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 »