Aviation Daily Roundup: September 14
September 14, 2020
Court Allows Thai Airways Restructuring To Begin
After three hearings in August, Thailand’s central bankruptcy court has now approved Thai Airways’ rehabilitation request, allowing the airline to begin its restructuring.

Private Equity Firm GTCR Acquires Stake In Gogo
Affiliates of Chicago-based private equity firm GTCR have acquired a 14.8% stake in inflight connectivity provider Gogo.

Ampaire Flies Second Hybrid Prototype Before Hawaii Route Trials
Ampaire has flown a second prototype of its Electric EEL, a Cessna 337 Skymaster modified to hybrid-electric propulsion.

Cash Is Running Out At South African Airways
Business rescue practitioners (BRPs) acting for South African Airways (SAA) have warned that the airline is in a “dire financial position” and that funds for operational expenditure are “near depletion.”

Cathay Pacific Stresses Survival Depends On Restructuring
The continued bleak outlook in the international market underlines the need for Cathay Pacific to undertake significant long-term changes and send a large proportion of its aircraft to storage, according to a senior executive at the airline.

Daily Memo: The Alitalia Saga Continues
At last, could there be some good news for ailing Italian airline Alitalia?

Eurocontrol Cuts Traffic Forecasts, Sees Bigger Industry Loss
Eurocontrol has cut its traffic forecast, blaming the uncoordinated response to COVID-19 travel restrictions among European countries.

Delta Taps SkyMiles Loyalty Program To Raise $6.5B
Delta Air Lines became the latest U.S. carrier to tap its frequent-flier program to raise fresh cash, as airlines bulk up on debt to survive the extended demand slump caused by the COVID-19 pandemic.

FAA Confident New Mechanic Training Rules Imminent

Testing Is ‘Last Chance’ To Save Industry, UK Airlines Say
The leaders of 14 UK airlines have urged Prime Minister Boris Johnson to roll out airport-based COVID-19 testing before the end of September or risk “economic ruin” for the sector.
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