Scandinavian Airlines (SAS) bondholders have now approved the conversions of hybrid notes and bonds into equity, a key step in the airline’s recapitalization that it needs to close to ward off the threat of bankruptcy. 

Aircraft manufacturer Embraer is laying off 900 employees in Brazil, the equivalent of 4.5% of its global workforce, according to a Sept. 3 statement.

When the COVID-19 pandemic hit, the Corporate Angel Network, which arranges flights for cancer patients to travel to and from treatment, was forced to make changes. 

While Singapore has been a leader in reopening its borders to some international travel, most other Asia-Pacific nations are moving much more slowly, Scoot CEO Campbell Wilson said.

The air cargo sector’s volumes and yields continued to close the gap with pre-pandemic performance in August, analysis by air cargo sector specialist CLIVE Data Services showed, after IATA said July data had also showed improvements.

Turkish Airlines and the Turkish civil aviation union Hava-İş agreed to adapt the staff’s collective labor agreement resulting in temporary pay cuts between 30 to 50% for its employees, but will avoid layoffs.

Optimistic of a speedy recovery in the Chinese domestic market, Spring Airlines will continue to take delivery of new aircraft to bolster its marketshare in China’s tier 2 and tier 3 cities whilst maintaining a foothold in major trunk routes.

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