Air Freight News
Norwegian Air replaces CEO who was brought in to save carrier
Norwegian Air Shuttle ASA replaced its chief executive officer after exiting insolvency proceedings, as the low-cost airline rebuilds its operations as a regional carrier.
Lufthansa says it aims to repay German aid by September vote
Deutsche Lufthansa AG said it plans to repay billions of euros in aid from the German government before the country’s federal election on Sept. 26.
Philippine Air’s parent halted from trading after audit report
Shares of Philippine Airlines Inc.’s parent company were suspended from trading on Friday after its auditor issued a disclaimer of opinion on its annual report.
Boeing’s largest 737 Max jet poised to take first flight Friday
Boeing Co.’s biggest 737 Max model is set to take its initial flight as soon as Friday morning, marking another milestone in the jet family’s…
Air New Zealand sees more losses as virus keeps borders closed
Air New Zealand expects to suffer at least three straight years of losses as the pandemic continues to keep international borders closed and severely restrict…
Creditors to sell $463 million of Air Berlin and Alitalia claims
A group of creditors that bought Etihad Airways PJSC-linked bonds are preparing to auction $463 million of claims against insolvent airlines Alitalia and Air Berlin…
Philippine Air’s parent posts record loss on pandemic curbs
Philippine Airlines Inc.’s parent company posted a record loss last year, reflecting the “extraordinary” impact of the coronavirus pandemic on the carrier.
Garuda puts off debt payment again as it faces funding crunch
Troubled flag carrier PT Garuda Indonesia put off the payment on its Islamic debt once again, highlighting its financing crunch as the firm tries to…
Ryanair, Manchester Airport to challenge U.K. travel rules
Ryanair Holdings Plc and the owner of London Stansted airport plan to challenge the U.K.’s travel policy, saying a lack of transparency is undermining consumer…
Bank, airline sites go dark briefly in broad internet outage
A plethora of websites operated by financial institutions, governments and airlines including Hong Kong Exchanges & Clearing Ltd. and Australia’s central bank went down briefly…