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AeroTime Team
SAA’s restructuring plan backfires as unions begin strike

Earlier in November, South African Airways (SAA) announced a new restructuring plan in hopes to break years-long string on losses and accelerate a turnaround process. But now it is facing a two days strike, threatening the very survival of South Africa’s national carrier....


Ruta Burbaite
Malaysia Airlines turns to Morgan Stanley in recovery scramble

Malaysia’s sovereign wealth fund has hired Morgan Stanley to explore strategic options for Malaysia Airlines, including a potential stake sale, as part of a recovery plan for the country’s struggling flag carrier. The move is the latest in a scramble to turn around the loss-making airline as speculation on potential buyers and conflicting views regarding how the carrier’s woes should be dealt with continue....


Zivile Zalagenaite
WOW Air hangs by a thread: to cut fleet, layoff hundreds of staff

And so the inevitable happened. On December 13, 2018, Icelandic ultra low cost carrier WOW air confirmed it is entering restructuring, cutting fleet almost by half and laying off hundreds of its employees. The airline notes it is a temporary measure while discussions with potential investor Indigo Partners progress....


Clement Charpentreau
Etihad reveals restructuring plan, airline CEO steps down

UAE-based Etihad announced it would restructure its operating model from June 3, 2018. The aviation group will now be divided in seven business branches under the supervision of CEO Tony Douglas....