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Aviation Daily Roundup: September 14

September 14, 2020

Court Allows Thai Airways Restructuring To Begin

Credit: Nigel Howarth / Aviation Week

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

Credit: 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

Credit: Ampaire

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

Credit: 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

Credit: Joe Pries

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

Credit: Joe Pries

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

Eurocontrol Cuts Traffic Forecasts, Sees Bigger Industry Loss

Credit: Paris Aeroport / Twitter

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

Credit: Delta Air Lines

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

Credit: FAA

The FAA remains confident that it will finalize a long-awaited revamp of U.S. mechanic training standards by the end of 2020, Administrator Steve Dickson said Sept. 14.

Testing Is ‘Last Chance’ To Save Industry, UK Airlines Say

Credit: Heathrow Airport / Twitter

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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