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Reopening of Thailand improves fortunes Thai Airways

Reopening of Thailand improves fortunes Thai Airways

by Richard Schuurman | Aug 15, 2022 | Airlines | 0 comments

Higher revenues from passengers and cargo helped Thai Airways to significantly lower its second-quarter loss from last year. It also produced its first positive EBITDA since it operated under the Rehabilitation Plan that was implemented a year ago. Reopening of...
SAS secures DIP funding but at a heavy cost

SAS secures DIP funding but at a heavy cost

by Richard Schuurman | Aug 14, 2022 | Airlines | 0 comments

SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy...
Kenya Airways “bullish” about the future as restructuring gains set in

Kenya Airways “bullish” about the future as restructuring gains set in

by Michael Wakabi | Jul 8, 2022 | Airlines, Boeing, Embraer | 0 comments

KQ, Kenya’s flag carrier has been in the news more for its precarious position and a painful turnaround effort. As rationalization of the business enters the final lap, chief executive Allan Kilavuka and the shareholders are seeing the proverbial light at the end of...
Norwegian in love again with the Boeing MAX 8

Norwegian in love again with the Boeing MAX 8

by Richard Schuurman | May 30, 2022 | Airlines | 0 comments

Almost two years after canceling a huge order for 92 aircraft, Norwegian Air has recommitted itself to the Boeing MAX 8 again. The carrier said on May 30 that it has in principle agreed to order fifty aircraft plus options for thirty. The agreement is expected to be...
TAP Portugal goes full swing into restructuring mode

TAP Portugal goes full swing into restructuring mode

by Richard Schuurman | Apr 11, 2022 | Airlines | 0 comments

Despite numerous uncertainties in the market, TAP Portugal is cautiously optimistic that positive demand for travel combined with the fruits of restructuring will steer the airline in the right direction again. TAP has started implementing the plan that was announced...
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