Aviation Daily Roundup: September 14

After three hearings in August, Thailand’s central bankruptcy court has now approved Thai Airways’ rehabilitation request, allowing the airline to begin its restructuring.

Affiliates of Chicago-based private equity firm GTCR have acquired a 14.8% stake in inflight connectivity provider Gogo.

Ampaire has flown a second prototype of its Electric EEL, a Cessna 337 Skymaster modified to hybrid-electric propulsion.

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.”

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.

At last, could there be some good news for ailing Italian airline Alitalia?

Eurocontrol has cut its traffic forecast, blaming the uncoordinated response to COVID-19 travel restrictions among European countries.

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.

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.