SAS secures $700 million financing to aid restructuring
Scandinavian airline SAS said on Saturday it entered into an agreement with Apollo Global Management to raise $700 million of fresh financing it needs to see it through bankruptcy. The…
ROUTES | Startup Arajet Outlines Launch Network
The Caribbean carrier plans to serve 12 countries in the Americas, including Mexico, Colombia and Peru. Dominican Republic-based startup Arajet has outlined plans to establish a route network of 20…
Cathay Pacific narrows first-half loss as passenger numbers rise
Hong Kong’s Cathay Pacific Airways Ltd posted on Wednesday a first-half loss of HK$5 billion ($637 million), narrowing from the prior year’s HK$7.57 billion, as easing quarantine rules boosted passenger…
QANTAS EXECS ASKED TO WORK AS BAGGAGE HANDLERS
Qantas has reportedly called on its upper management and executives to roll up their sleeves and work as baggage handlers under a three-month “contingency program” to battle staff shortages and…
Could the US government force airlines to make seats wider?
The FAA is calling for feedback on airline seat sizes, which many people feel do not reflect current body shapes. The Federal Aviation Administration is calling for comments on airline…
Ryanair passenger numbers hit fresh all-time high in July
Ryanair flew its highest-ever number of passengers in a month in July, while the average proportion of empty seats per flight fell back to pre-COVID levels of 4%, the low-cost…
Australia’s newest airline Bonza takes delivery of first Boeing 737 MAX
Australian low-cost startup Bonza has taken delivery of its first Boeing 737 Max 8 aircraft, taking one step closer to its official launch in late September. According to Flightradar24.com data,…
Ethiopian Airlines to operate Africa’s first A350-1000
Ethiopian Airlines (EA) has upgraded four of its A350-900 orders to the largest model of the A350 Family, becoming the continent’s first airline to do so, according to a press…
Taiwan’s China Airlines eyes A330 replacement, future freighter options
Taiwan’s China Airlines Ltd is “actively” looking at options to replace its ageing fleet of 22 Airbus SE A330 widebodies and is also starting to examine next-generation freighter planes, the…
Singapore Airlines swings to profit as passenger traffic improves
Singapore Airlines (SIA) swung to a first-quarter net profit of S$370 million ($268 million), it said on Thursday, after a fourteenfold increase in passenger traffic year on year thanks to…