US judge keeps SAS Airline’s restructuring on track with payment hearing
A US bankruptcy court judge granted SAS AB’s request to speed the process of paying $3 million to advisers of the Scandinavian airline’s investor group,…
Boeing expands strategic investments in Brazil, including new engineering and technology center
- Engineering Center joins Boeing’s global network of 15 advanced technology development sites - Boeing and State of São Paulo sign Memorandum of Understanding for…
Bain Capital postpones Virgin Australia IPO plans, sources say
Bain Capital has pushed back plans for a Virgin Australia Airlines Pty Ltd. initial public offering to as soon as 2024, according to people familiar…
SAS hits hurdle on Air France-KLM deal as Apollo opposes payment
Apollo Global Management Inc. challenged SAS AB’s plan to quickly pay the advisers to new investors in the bankrupt Scandinavian airline including Air France-KLM.
Air travel is back to pre-pandemic levels with new turbulence ahead
It took four long years for global airline capacity to return to pre-Covid levels — but for passengers and airlines, the industry has changed forever
Finnair plans €600 million rights issue to shore up finances
Finnair Oyj plans to raise as much as €600 million ($632 million) issuing new shares, as the Finnish flag carrier seeks to prop up its…
British Airways reaches tentative deal with pilots’ union
British Airways reached a tentative labor agreement with unionized pilots, removing the threat of a walkout through 2027 as the flagship UK carrier cements a…
United Airlines pilots approve costliest US contract worth $10.2 billion
United Airlines Holdings Inc. pilots approved a new four-year contract that is the costliest ever at a US carrier, providing a cumulative increase in total…
Air France-KLM’s Nordic foray gives boost to consolidation
Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more…
IAG returns to investment grade at S&P after profit rebound
British Airways parent IAG SA regained its investment grade credit rating from Standard & Poor’s, in a sign that efforts to rebuild the carrier’s balance…
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