Lula’s airline rescue plan wins approval in Brazil’s lower house
Brazilian lawmakers approved a long-awaited financial aid plan for the airline sector that is expected to provide 5 billion reais ($914 million) in credit for…
Airline owner Abra nears $1.3 billion loan deal with Castlelake
The largest shareholder of ailing Brazilian airline Gol Linhas Aereas Inteligentes SA is nearing a deal to raise $1.3 billion of funds from investment firm…
Air New Zealand profit tumbles amid weak economy, competition
Air New Zealand said annual profit more than halved as a weak economy sapped domestic demand and competition on international routes intensified.
Malaysia Air cuts capacity on staff shortages, plane delays
Malaysia Airlines will cut capacity by 20% across its network as the carrier struggles with a shortage of maintenance staff and delayed deliveries of new…
Azul eyes options to rework debt amid Brazil airline deal talks
Brazilian airline Azul SA is weighing options from an equity offering to a Chapter 11 filing to address approaching debt obligations, according to people familiar…
Italy’s record jet fuel sales a sign of Europe’s Covid recovery
Italy’s jet fuel sales last month reached their highest level in at least 22 years, signaling that the European market is returning to solid growth…
Qantas profit falls on cost of fixing damaged reputation
Qantas Airways Ltd. said full-year profit fell as the airline invested more to repair its battered reputation and air fares declined.
Saudia Group concludes a successful Hajj season 1445H
Driven by the synergy of Saudia Group’s Companies
Aeromexico celebrates 90 years by unveiling a new image on its aircraft
• The new design of the fleet, including the iconic the Caballero Aguila, is proof of the evolution of the airline, which is celebrating nine…
SAS emerges from Chapter 11 with fresh capital, new chair
After a two-year-long bankruptcy process, Scandinavia’s flagship airline SAS AB is now under the ownership of Air France-KLM and private equity firm Castlelake LP, with…
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