Restructuring

Kenya drops nationalization of KQ amidst $1 billion restructuring

The Kenyan government scrapped its plan to nationalize Kenya Airways, admits the airline’s restructuring, estimated to cost $1 billion....


Etihad Airways sells aviation support businesses to focus on airline operations

Etihad Airways is selling some aviation support businesses, leaving it able to focus fully on its main airline operation  ...


Aeromexico creditor objects to proposed restructuring plan

Aeromexico creditor Invictus Global Management objects to the airline’s proposed financial restructuring plan. ...


US court approves Philippine Airlines’ recovery plan

A US Bankruptcy court has approved Philippine Airlines’ recovery plan, four months after it filed for restructuring under Chapter 11. ...


Business rescue plan approved for SAA low-cost unit Mango

A business rescue plan has been approved for South African Airways low-cost unit Mango Airlines...


Aeromexico files updated reorganization plan

Grupo Aeromexico, the company that owns Mexican flag carrier Aeromexico files a revised version of its reorganization plan. ...


LATAM submits its restructuring plan

LATAM Airlines Group has submitted its restructuring plan. ...


Air Mauritius exits voluntary administration, secures funding

Air Mauritius exits voluntary administration after successfully securing funding from the country’s government....


Lufthansa pushes forward with group airlines closures in Q2 2021

Lufthansa projects positive cash flow by the second quarter of 2021 off strong leisure and long-haul travel demand. Group projects 8% EBIT margin by 2024.  ...


Garuda Indonesia to return two Boeing 737-800s to lessor

Garuda Indonesia is reportedly planning to return two Boeing 737 aircraft to the lessor....