AirAsia X seeks debt help with flights unlikely until 2021
AirAsia Group Bhd.’s long-haul arm said it needs to reach agreements with major creditors to restructure outstanding debt as it faces “severe liquidity constraints” that…
Branson clears crucial hurdle in rescue of Virgin Atlantic
Billionaire Richard Branson cleared a crucial obstacle on the tortuous journey to rescue his flagship airline, hobbled by the coronavirus pandemic.
American Air sees 19,000 job cuts once US payroll aid expires
American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the…
Kenya Airways pilots win reprieve from court in jobs clash
A court ordered Kenya Airways Plc to stop a plan to fire some pilots pending the determination of a case challenging the move, according to…
Finnair to cut 1,000 jobs as virus rips through its business
Finland’s national carrier Finnair Oyj plans to eliminate as much as 15% of its workforce and push through deeper cost cuts in an effort to…
AirAsia posts record loss as virus annihilates demand
AirAsia Group Bhd. posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel.
Virgin Atlantic woos creditors to seal $1.6 billion rescue
Virgin Atlantic Airways Ltd. is set to find out whether it has enough support from creditors for a 1.2 billion-pound ($1.6 billion) rescue or if…
Wizz Air sets sights on 20-Jet Gatwick base as rivals retreat
Wizz Air Holdings Plc wants to expand its new base at London’s Gatwick airport from just one plane to 20 within a year if it…
Qantas plans to cut 2,500 more jobs as cost of crisis mounts
Qantas Airways Ltd. plans to cut as many as 2,500 more jobs by offloading ground operations like baggage handling and aircraft cleaning as the cost…
Virgin Australia creditors lose almost everything under Bain
Unsecured creditors of Virgin Australia Holdings Ltd. will lose almost all their money under a A$3.5 billion ($2.5 billion) deal to sell the collapsed airline…
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