Business rescue practitioners acting for South African Airways (SAA) have warned that the airline is in a “dire financial position” and that funds for operational expenditure are “near depletion.”
After three hearings in August, Thailand’s central bankruptcy court has now approved Thai Airways’ rehabilitation request, allowing the airline to begin its restructuring.
The continued bleak outlook in the international market underlines the need for Cathay Pacific to undertake significant long-term changes, according to a senior executive at the airline.
Boeing confirmed that it uncovered a manufacturing problem with 787 vertical fins—the fourth production-quality issue linked to the widebody twinjet program in recent weeks.
Delta Air Lines and Virgin Australia have officially paused their transpacific joint venture, while the latter regroups after the COVID-19 crisis forced it to seek voluntary administration.
EASA has completed Boeing 737 MAX flight testing, clearing the way for joint regulatory agency evaluations of the grounded model’s updated training later in September.
Vancouver Airport Authority, scaling back ambitious growth plans in light of the COVID-19 pandemic, has canceled a four-part infrastructure improvement project that targeted Vancouver International Airport’s (YVR) energy usage.
With its original Airbus A350-900 deliveries delayed because of the COVID-19 crisis, Taiwan’s Starlux Airlines will now lease eight A330-900s to ensure that its fleet expansion plans are not derailed.
Air Transat will permanently lay off at least 2,000 employees after the COVID-19 pandemic forced it to completely shut down operations for nearly four months between April and late July.
The governments of Japan and Singapore have agreed to launch a reciprocal “green lane” for essential and official business between the two countries starting Sept. 18.
A deal for the takeover of South Korean carrier Asiana Airlines by a Hyundai Development Co. (HDC)-led consortium has collapsed, with both sides confirming that the sale agreement had been canceled.
ULCC Wizz Air has been forced to delay the operational launch of its new subsidiary Wizz Air Abu Dhabi by two weeks because of COVID-19-related travel restrictions.
Lauda Europe—the new incarnation of Ryanair’s Austrian carrier Laudamotion, which is to relinquish its Austrian AOC—operated its first flight under its Maltese AOC on Sept. 11.
Aviation training specialist CAE on Sept. 10 announced an initiative with banks in Canada, Mexico and Spain to help aspiring pilots finance their ab-initio training.
