PR: GOL Linhas Aéreas Inteligentes S.A., a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the “GOL 5-Year Plan”…
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Arabian full-service carrier Oman Air has announced a comprehensive restructuring plan that will take up to three to four years to complete. The restructuring is done “in the interest of financial sustainability and operational continuity”, the airline said on August 8.…
Indonesia flag carrier Garuda Indonesia has slipped back into red numbers for the first six months of 2023. The carrier posted a $-109.6 million pre-tax operating loss compared to a $4.0 million profit last year. The net loss is $-76.4 million…
Thai Airways joined the ranks of most airlines that reported a strong first quarter of 2023. For Thai, things could only get better as it had to operate under severe travel restrictions in Asia last year, restrictions that have now…