Avianca gets approval for $2 billion financing package

The Colombian airline Avianca announced that the U.S Bankruptcy Court approved its financing plan for over $2 billion, which should help the airline avert its extinction. It seems that the ongoing airline’s battle for crucial financial injection slowly comes to the end.  ...


South African government says it is committed to financing SAA

The bankruptcy administrators of South African Airways (SAA) were told that the government was committed to provide 10.5 billion rand ($650 million) to the restructured airline....


South African Express staff attempts to buy the dying airline

Hundreds of South African Express Airways (SA) employees are attempting to save their jobs by taking unusual measures as a final liquidation threatens the existence of the airline....


Virgin Australia’s creditors approve purchase terms by Bain

Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....


Struggling Avianca to get up to $370 million state loan

Fighting-for-survival Columbian airline Avianca is about to get the government's support. Colombian government will lend up to $370 million to the struggling carrier and will participate in the airline‘s restructuring process....


Neglected after first flight: story of Avianca Boeing 787-9

Avianca’s Boeing 787-9 has a unique story. Unlike many other aircraft currently parked due to technical issues, financial difficulties or COVID-19, Avianca’s Dreamliner was grounded straight after leaving the manufacturer’s assembly line....


Restructured Alitalia to renew its fleet with A320s and B787s

As Italian government proceeds with a restructuring of its long-bankrupt national carrier Alitalia, the company’s new CEO and president are named and plans for the future operations of the airline are laid out, including a purchase of the new aircraft....


Virgin Australia ends long-haul; shifts to all-Boeing 737 fleet

Virgin Australia’s reorganization plan under voluntary administration includes mass layoffs, fleet recomposition and discontinuation of its subsidiary Tigerair Australia....


LATAM fires over a third of its workforce

The largest South American airline,LATAM, has announced that due to the effects of COVID-19 pandemic over 2,700 of its workers are to be laid off....


Jet Time files for bankruptcy, owner registers Jettime

Danish airline Jet Time, which has been offering charter and ACMI services since 2006, has filed for bankruptcy at the Copenhagen Court. In an emotional press release the company claims to have been a victim of a lockdown and a lack of government aid....