Capital A, previously known as AirAsia Group Berhad, will likely spin-off its AirAsia airline business as a separate unit on the Malaysian stock exchange, once market conditions improve. It is also likely that AirAsia will establish another airline within the South…
Exactly as planned, Philippine Airlines has emerged from Chapter 11 bankruptcy protection within four months of entering. The airline completed its restructuring on December 31, 2021, after having filed for voluntary bankruptcy protection with the New York Southern District Court on September…
Unless Omicron plays havoc in Asia and delays the reopening of air travel in Asia and the Pacific, Malaysia Airlines (MAS) is on track to leave its troubled years behind. The airline produced its first cash positive month in October and…
TAP Portugal can continue its restructuring plans now that the European Commission has approved €2.55 billion in state aid the carrier from the Portuguese government. The Commission also ruled positively over a combined €178.5 million in Covid-aid. Brussels approves state…
Troubled Garuda Indonesia is set to drastically reduce its international network in 2022. From the current seventeen destinations, only five will remain, Australian website Executive Traveller reported on December 22. Garuda set to slash international network. The revised international strategy has…