Business rescue practitioners 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.”
After three hearings in August, Thailand’s central bankruptcy court has now approved Thai Airways’ rehabilitation request, allowing the airline to begin its restructuring.
The continued bleak outlook in the international market underlines the need for Cathay Pacific to undertake significant long-term changes, according to a senior executive at the airline.
ACMI Charter specialist Global Aviation has teamed up with former Kulula Air boss Gidon Novick to help bring his plan for a new domestic airline to the South African market.
The environmental credentials of the major regional turboprop airliner have been given a boost thanks to a recertification by De Havilland Canada (DHC).
Gulf Air has ceremonially signed five agreements with a number of companies during an official visit from the Kingdom of Bahrain to the State of Israel.
Boeing confirmed that it uncovered a manufacturing problem with 787 vertical fins—the fourth production-quality issue linked to the widebody twinjet program in recent weeks.
Delta Air Lines and Virgin Australia have officially paused their transpacific joint venture, while the latter regroups after the COVID-19 crisis forced it to seek voluntary administration.
EASA has completed Boeing 737 MAX flight testing, clearing the way for joint regulatory agency evaluations of the grounded model’s updated training later in September.
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.
With its original Airbus A350-900 deliveries delayed because of the COVID-19 crisis, Taiwan’s Starlux Airlines will now lease eight A330-900s to ensure that its fleet expansion plans are not derailed.
Air Transat will permanently lay off at least 2,000 employees after the COVID-19 pandemic forced it to completely shut down operations for nearly four months between April and late July.