A deal for the takeover of Southern Korean carrier Asiana Airlines by a consortium led by Hyundai Development Co. (HDC) has collapsed, with both sides confirming that the sale agreement had been canceled.
Cathay Pacific Airways will not apply for the latest round of government wage subsidies for its main operating units, raising the likelihood that the Hong Kong carrier will cut its workforce as part of restructuring efforts.
Vancouver Airport Authority, scaling back ambitious growth plans in light of the COVID-19 pandemic, has canceled a four-part infrastructure improvement project that targeted Vancouver International Airport’s (YVR) energy usage.
Canadian airline Air Transat will permanently lay off at least 2,000 employees, representing around 40% of its total workforce, after the COVID-19 pandemic forced it to completely shut down operations for nearly four months between April and late July.
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