South African Airways Warns of Managed Job Losses or Liquidation
South African Airways administrators delivered a stark choice to those opposing their plan to fire the entire workforce and sell assets: It’s either that or…
Delta Air Lines Seeks $3 Billion in Bonds, Loan on Shutdown
Delta Air Lines Inc. is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the…
Finding a Buyer for Virgin Australia Is a Job Worth $127,000
Restructuring experts expect to be paid just A$200,000 ($127,000) for the monumental task of finding a buyer for Virgin Australia Holdings Ltd., the highest-profile airline…
Boeing Sued By Kuwaiti Company Trying to Recoup $336 Million
A Kuwaiti aviation leasing company sued Boeing Co. for the return of $336 million that it paid in advance for 40 of the still-grounded 737…
Delta Air Lines Seeks $3 Billion in Bonds, Loan Amid Travel Halt
Delta Air Lines Inc. is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the…
Virgin Atlantic’s Co-Owner Raises Specter of Administration
The co-owner of struggling Virgin Atlantic Airways Ltd. said it’s unable to invest more and raised the possibility that Richard Branson’s U.K. airline could face…
Virgin Atlantic resumes Shanghai cargo services
Virgin Atlantic Cargo has become the first British airline to resume scheduled services to China, operating three flights a week from Heathrow Airport to Shanghai.
Delta Air Targets 50% Cut in Daily Cash Burn by End of June
Delta Air Lines Inc. vowed to cut its daily cash burn in half by the end of June as the carrier rushes to scale back…
EU’s Next Move in Airbus-Boeing Feud Clouded by Pandemic
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Cash-Strapped Airlines Ignore India’s Order to Not Sell Tickets
India ordered airlines this week to stop selling tickets. Hardly any listened.
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