New York’s Southern District Bankruptcy court will be busy with another Chapter 11 case after Grupo Aeromexico has filed for bankruptcy protection on June 30. It is the third Latin American airline after Avianca and LATAM to seek protection with…
Air France intends to cut its workforce by 7.580, becoming another airline that has to adapt to the post Covid-19 situation. Earlier, it was expected that up to 8.300 staff had to go, so the announcement on July 3 is…
Our call was with Rui Carreira, CEO of TAAG (Angloa), Morne Visagie at ABSA (South Africa) and Sameer Adam at De Havilland (Canada). TAAG just took delivery of their first Dash8. The three companies involved had to overcome Covid-induced hurdles.…
The pandemic has decimated the wide-body fleets as long-haul travel has nearly stopped entirely. The most expensive aircraft an airline can deploy has become an economic burden unless it is converted into an PPE carrier. That was the good news. …
Norwegian Air Shuttle wants to cancel all remaining orders for the Boeing MAX 8, or in total 92 aircraft. It also notified Boeing it wants to terminate the purchase agreement for five 787-9s, the airline said in a notice published…
Virgin Australia seems to have escaped insolvency and liquidation after Bain Capital Private Equity has been selected as the preferred buyer of Australia’s second airline, it emerged on June 26. Bain has entered into a sale and implementation agreement with…