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LATAM’s Chapter 11 moves forward

LATAM’s Chapter 11 moves forward

by Daniel Martínez Garbuno | May 7, 2022 | Airlines | 0 comments

On Friday, LATAM Airlines Group announced its unsecured creditors had voted overwhelmingly to approve the airline’s Plan of Reorganization. Following yesterday’s announcement, LATAM’s Chapter 11 moves forward; the company still needs to obtain positive votes from...
Jet Airways moves forward with restart but unlikely in time for this summer

Jet Airways moves forward with restart but unlikely in time for this summer

by Ajay Awtaney | Mar 17, 2022 | Airlines | 0 comments

Jet Airways, the Indian carrier which was a partner of Etihad Airways and shut down in 2019, has been charting out its restart strategy since 2021. They indicated that plans were underway, under a new owner to which the creditors of the airline intend to sell the...
Forward should transform SAS into a competitive airline again

Forward should transform SAS into a competitive airline again

by Richard Schuurman | Feb 22, 2022 | Airlines | 0 comments

First, there were the targets from the 2020 recapitalization plan, followed by an enhanced operating model late last year to give it more flexibility. Now, Scandinavian airline SAS has announced a full transformation of its business to secure its long-term position....
Nose issues 787 drive up Spirit’s forward losses

Nose issues 787 drive up Spirit’s forward losses

by Richard Schuurman | Aug 4, 2021 | Aerospace | 0 comments

UPDATE – Tier 1 supplier Spirit AeroSystems has been hit hard by the latest quality issues on the Boeing 787. After recognizing a $46 million forward loss on the Dreamliner in Q2, the company expects to incur another $40-60 million loss in Q3, it announced on...

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