KLM Plans Austerity Measures While Renewing Fleet
KLM Royal Dutch Airlines (KL) is committed to maintaining its USD 1 billion fleet renewal plan “as much as possible,”… Read More »
Air Transat Parent Warns of Layoffs Amid Financial Struggles
Transat A.T. Inc., the parent company of Canadian airline Air Transat, is facing financial challenges and has warned of potential… Read More »
Bidding for Pakistan International Airlines Extended
Bidding for Pakistan International Airlines ExtendedIn a significant development, Pakistan’s Privatisation Commission has announced a one-month extension to the bidding… Read More »
Southwest Airlines Executives Purchase 3.7 Million Shares
Southwest Airlines (WN), based at Dallas Love Field, has seen significant insider buying as CEO Robert ‘Bob’ Jordan, Executive Chairman… Read More »
LATAM Airlines Secures $1.4 Billion to Reduce Debt
LATAM Airlines Group has successfully issued secured notes totaling USD 1.4 billion, maturing in 2030 with an annual interest rate… Read More »
Former Thai Airways Chairman Faces Corruption Charges
Thanong Biday, the former Thai finance minister and ex-chairman of Thai Airways International (TG, Bangkok Suvarnabhumi), appeared in a Bangkok… Read More »
Kenya Airways’ $150M Loan Converted to Treasury Bonds
A consortium of Kenyan commercial banks is set to convert KES19.3 billion (USD150 million) in loans to Kenya Airways into… Read More »
Qatar Airways Acquires 25% Stake in Virgin Australia
Qatar Airways Group has announced its acquisition of a 25% stake in Virgin Australia (VA, Brisbane International), solidifying an existing… Read More »