Cathay Pacific has announced a new convertible bond issue that will raise HK$6.7 billion ($870 million), giving it an additional financial buffer as the business environment becomes even more challenging.

The European Commission (EC) has reportedly told the Italian government that it cannot simply transfer Alitalia’s assets into the country’s new national carrier Italia Trasporte Aereo (ITA).

Canadian ULCC Flair Airlines announced an agreement to lease 13 Boeing 737 MAX aircraft, as it looks to grow its fleet while bringing down fares in the domestic air travel market. 

European air cargo execs are calling for greater regional harmonization and streamlining measures to support their sector as it transports COVID-19 vaccines worldwide.  

Norwegian Air Shuttle has been granted a 30-day extension to its restructuring process following a High Court hearing in Dublin, Ireland. 

Air France-KLM has launched a new sustainability scheme that allows corporate customers to determine an annual contribution to the group’s sustainable aviation fuel (SAF) program.

Burkina Faso’s national carrier is in discussions with Airbus over a purchase of Airbus A220s, according to the country’s transport ministry. 

Aeromexico and LATAM Airlines Group are seeking to further expand the breadth of their codeshare partnership to cover services operated by the Mexican flag-carrier to the U.S.