Regional aircraft lessor Nordic Aviation Capital (NAC) has applied to the Dublin High Court for debt relief and secured agreement from its shareholders for a $60 million equity injection as it tries to weather the COVID-19 crisis.
Ground handler Swissport Belgium is filing for bankruptcy after parent Swissport International refused to inject further funds into the struggling unit.
The number of daily flights in Europe rose above 6,000 on June 2 and stayed at that level for four days, showing a post-lockdown recovery in air traffic getting underway, Eurocontrol said.
Ryanair, British Airways and easyJet have written to the UK government to condemn its decision to introduce a 14-day quarantine period for arrivals to the UK as part of its response to the COVID-19 crisis.
Philippine Airlines has slumped to a deep net loss in the first quarter ending March 31 thanks to the COVID-19 crisis, but some positive signs are emerging with the planned resumption of many domestic and international flights this month.
Malaysian Prime Minister Muhyiddin Yassin has appointed the former CEO of the country’s petroleum company, Petronas, as chairman of Malaysia Airlines Berhad (MAB).
Honeywell is launching safety packs designed for airline passengers and crew, tapping into the company’s manufacturing capabilities in the safety and personal protection equipment segment amid the COVID-19 pandemic.
Singapore Airlines (SIA) has successfully raised S$10 billion ($7.2 billion) in funding from the issuance of rights as well as securing new long-term and short-term loans from various sources.
United Airlines became the latest U.S. carrier to substantially ramp-up its domestic capacity in July, reflecting growing optimism about a summertime rebound in leisure travel demand.
The China-U.S. airline-service detente continued June 5 as the U.S. Transportation Dept. (DOT) scrapped a plan to ban Chinese passenger carriers in mid-June, approving a total of two weekly frequencies instead.
International Airlines Group (IAG) is considering a legal challenge to UK government plans to impose a 14-day quarantine on international arrivals as part of efforts to fight COVID-19, CEO Willie Walsh has said.
Most airlines canceled nearly all of their international flights following the outbreak of the coronavirus and have lost an enormous amount of revenue over the last few months.
Southeast Asia’s largest LCC AirAsia Group is reportedly looking to sell 10% of its equity to South Korea’s SK Group to raise funds as the ongoing COVID-19 crisis impacts cashflow.
Kevin McAllister, the former head of Boeing Commercial Airplanes until the 737 MAX program broke down, has joined AE Industrial Partners (AEI), a private equity investor specializing in aerospace, defense and government services.