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 »
‘Travel With Confidence’ to Mexico’s Most Desired Destinations
La Coleccion Resorts by Fiesta Americana, part of the Posadas group, is committed to providing visitors with a safe place… Read More »
AMResorts, SB Resorts Management End Agreement
SB Resort Management and AMResorts jointly announced that two Montego Bay properties will be rebranded. Sunscape Splash Montego Bay and… 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 »