British Airways Reaches Deal to Cut 350 Pilots
British Airways, a unit of International Consolidated Airlines Group, will cut 350 pilots and put another 300 in a “pool” for re-hire when needed as…
U.S.-EU discord imperils rebound in prime Trans-Atlantic flights
A delay in opening up travel between the U.S. and the European Union would stunt a rebound in trans-Atlantic flights that are the industry’s biggest…
Air France-KLM’s $3.8 Billion Dutch Aid Comes With Strings
Air France-KLM’s Dutch arm will get a 3.4-billion-euro ($3.8 billion) bailout from the Netherlands, bringing the group’s state-aid total to 10.4 billion euros and tying…
Lufthansa Dodges Insolvency After Shareholders Back Bailout
Deutsche Lufthansa AG avoided the looming risk of insolvency after shareholders approved a 9 billion-euro ($10 billion) bailout from the German government, securing the survival…
Bain Buys Virgin Australia in Bold Bet on Shattered Industry
Bain Capital LP agreed to buy collapsed Virgin Australia Holdings Ltd. in one of the biggest single bets on the airline industry since it was…
U.S. Airline CEOs to Meet With Pence on Covid-19 Measures
U.S. airline bosses are set to meet Friday with Vice President Mike Pence, the White House said, as the Covid-19 pandemic that has battered travel…
Aviation’s Turnaround Man Signs Up for Repeat Job at Qantas
Alan Joyce pulled Qantas Airways Ltd. back from the brink once before. Now he’s signed up to do it again, but under much tougher circumstances.
United Air Boosts Debt Sale 36% to $6.8 Billion on Demand Surge
United Airlines Holdings Inc.’s second attempt to pull off a debt sale looks to have worked. The airline boosted the size of the offering on…
American Airlines announces pricing of senior secured notes
American Airlines, Inc. (NASDAQ: AAL) (the “Company”) today announced that it priced $2.5 billion aggregate principal amount of its 11.75% senior secured notes due 2025…
Lufthansa shareholders pave the way for stabilization measures
Today, the shareholders of Deutsche Lufthansa AG voted in favor of accepting the capital measures and the participation of the Economic Stabilisation Fund (WSF) of…
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