Norwegian needs access to additional state aid and secure support from lessors and bondholders before mid-May, otherwise, the low-cost airline will run out of cash and is likely to collapse, the company warned in an investor’s presentation on April 27.…
Air France and KLM will benefit from a combined EUR 9 to 11 billion in state aid from the French and Dutch governments, both announced separately on April 24. The package will give the Franco-Dutch airline group much-needed liquidity to…
Delta Airlines says its cash position is strong enough for the airline to be prepared for a negative cashflow for the rest of the year. If needed, Delta has enough ammunition on the table to get additional liquidity. The US-airline…
How will we fly on an airplane when the worst of Covid-19 is over? Will we fly and under what conditions? Which load factors make sense if social distancing needs to be applied? These are some of the questions the…
Is there a future for Virgin Australia? That’s the question now that the company has filed for voluntary administration on April 21 and is seeking investors who are confident enough to continue with the 20-year-old airline. For the moment, the…
Norwegian has filed for bankruptcy for four of its crew subsidiaries in Denmark and Sweden, it announced on April 20. The low-cost airline has also canceled crew provision agreements with OSM Aviation for crew based outside Scandinavia. In total, 4.705…