Bain on hook for $543 million break fee If Virgin deal fails
Bain Capital has agreed to pay A$750 million ($543 million) should it fail to buy Virgin Australia Holdings Ltd., an unusually high break fee that…
Boeing to deepen job cuts beyond 10% plan with new buyouts
Boeing Co. is preparing to offer buyouts to employees for a second time this year as the virus-stricken planemaker extends its workforce cuts beyond the…
Airbus picks former GE executive as Europe Sales Chief
Airbus SE has chosen a former General Electric Co. executive as the planemaker’s new sales chief in Europe in a move to strengthen its salesforce…
Ryanair cuts flights, others weigh capacity amid virus surge
Ryanair Holdings Plc, Europe’s biggest discount carrier, slashed capacity for September and October after demand weakened, and other carriers are weighing similar cuts following a…
Bain’s revival of Virgin Australia faces growing legal obstacle
Bain Capital’s resurrection of collapsed airline Virgin Australia Holdings Ltd. faces mounting legal opposition as bondholders rally to derail the takeover and salvage some of…
Israeli airline Israir seeks UAE landing permit
Israir Airlines Ltd. has started the process of applying for a landing permit in the UAE, Chief Executive officer Uri Sirkis said on Sunday.
Lufthansa cabin crew vote in favor of collective agreements
Deutsche Lufthansa AG’s cabin crew voted in favor of a 500 million-euro ($592 million) savings pact, its union said in a statement late on Friday,…
Qatar Airways resumes flights to London Gatwick
Resumption of daily London Gatwick flights starting 20 August will see the airline’s UK network expand to 45 weekly flights to four UK gateways, cementing…
Air Astana resumes direct flights to Germany
Air Astana will resume direct flights from Kazakhstan’s capital Nur-Sultan to Frankfurt on 18th August 2020, with services initially being operated four-times a week, increasing…
JetBlue CEO calls for new US aid with ‘day of reckoning’ near
JetBlue Airways Corp.’s top executive is joining an industry push for additional federal help as passenger totals plateau at about a quarter of year-earlier levels.
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
