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US court clears DIP financing Philippine Airlines

Philippine Airlines (PAL) has received approval from the Southern District of New York bankruptcy court on a “final basis” to access a debtor-in-possession (DIP) financing worth $505 million. This will be used to support the carrier’s ongoing operations and recovery...

Value Alliance – 8 LCCs form Alliance in Asia

News this morning of an alliance of several low fare carriers in Asia could change the aviation landscape in the region. The Value Alliance will include eight low fare carriers in Asia. The carriers are Vanilla Air (owned by ANA in Japan), Scoot (Owned by Singapore...

Value Alliance – 8 LCCs form Alliance in Asia

May 16, 2016 | Airlines, ANA, Cebu Pacific, Jeju Air Co LTD, Nok Airlines, Nok Scoot, Scoot, Singapore Airlines, Tiger Airways, Tiger Airways, Value Alliance, Vanilla Air, Virgin Austrailia

News this morning of an alliance of several low fare carriers in Asia could change the aviation landscape in the...

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