Norwegian Air plunges 63% on plan to convert debt to equity
Norwegian Air Shuttle ASA is fighting for survival, with a last-ditch plan to convert debt to equity driving its share price down as much as…
Indonesia overtakes Japan as virus upends aviation pecking order
Indonesia has overtaken Japan to become the world’s third-biggest aviation market as airlines continue to slash passenger capacity because of the coronavirus, according to OAG…
Mnuchin rebuffs airlines, holds firm on repayment for rescue
Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines wanting taxpayer aid, according to people familiar with the matter, dashing the…
Air Canada reconfigures three aircraft to transport vital supplies and cargo
Three Boeing 777-300ER aircraft, the largest in Air Canada’s fleet are being modified to transport cargo in the passenger cabin, doubling cargo capacity.
Australia Wants to Ensure There Are Two Airlines After Shutdown
The Australian government is in contact with Virgin Australia Holdings Ltd. management and wants to make sure there is a competitive airline industry when people…
Some Airlines Aren’t Happy With the Terms of Mnuchin’s Aid
Treasury Secretary Steven Mnuchin’s insistence that America’s major airlines partially repay taxpayer funds aimed at shoring up the industry has set up a clash between…
Sweden, Belgium Win EU Approval to Support Airlines, Airports
The European Commission approved measures from Belgium and Sweden to help the airline industry as it struggles to weather the economic fallout from the coronavirus.
Air France-KLM in Talks for French State Cash Injection
Air France-KLM has asked the French state for an immediate cash injection to help the troubled carrier stay afloat in the next four to five…
Why African Airlines Are Really Vulnerable to Virus Impact
The coronavirus pandemic has brought the global aviation industry to its knees, and African carriers are particularly vulnerable as they seek assistance from governments already…
Air Zimbabwe to Place Some Employees on Leave Due to Virus
Zimbabwe’s troubled national airline will place some if its employees on indefinite unpaid leave from April 23 as the coronavirus pandemic has grounded its operations.
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