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Michael Jonga

South African Airways‘ rescue plan priced at $580 million

As part of an ongoing restructuring process and effort to salvage South African Airways and maintain the airline as South Africa‘s main state carrier, a rescue plan involving a 10 billion rands ($580...


Edvinas Andrijevskis

Austrian Airlines to receive €600 million state aid package

Austrian Airlines, the flag-carrier of Austria, announced that it will be getting a sum of €600 million euros in financial aid due to COVID-19 pandemic. The aid package is comprised of €450 millio...


Michael Jonga

Ryanair secures $726 million off UK government loan program

According to an article published on Bloomberg, Ryanair is set to increase its cash position with an additional $726 million loan funded by the UK government through the government’s coronavirus rel...


AeroTime Team

Germany pledges €550M lifeline to ailing Condor

Condor, a former subsidiary of the bankrupt Thomas Cook group, says the German government has pledged to give it another €294 million loan to keep it afloat. The governmental aid comes after the carrier found itself in trouble for the second time in half a year “through no fault of its own”, in Condor CEO’s words....