UPDATE – SAS has filed for Chapter 11 bankruptcy protection at the New York Southern District Court on July 5. This follows a day after pilot unions announced a strike after they and the unions failed to reach an agreement. SAS files…
European start-up Heart Aerospace is planning to certify its battery-powered, full electric ES-19 regional aircraft under a higher weight category than originally planned. This change allows it “to optimize the product, reduce regulatory risk, and increase the accessible market”, Heart says…
UPDATE – SAS is seeking to raise at least SEK 9.5 billion in new equity capital and convert SEK 20 billion in debt and bonds into common shares as part of its FORWARD transformation plan. The capital raise was announced…
SAS is having great difficulty in getting support for its SAS Forward transformation plan from key stakeholders. It risks ending up in a court procedure as negotiations have been unsuccessful so far, the airline said on April 29 in a…
The war in Ukraine is an unknown factor, but international air travel is expected to have fully recovered from the Covid-crisis in most regions by mid-2023, with Africa lagging behind until late 2023. That’s the view of four airline bosses…
Just before the pandemic hit the industry in 2020, airline leaders were positive that Europe was about to have a much-needed round of consolidation. They agreed that there were way too many airlines, fighting for the same piece of cake.…