Southeast Asia’s largest LCC AirAsia Group is reportedly looking to sell 10% of its equity to South Korea’s SK Group to raise funds as the ongoing COVID-19 crisis impacts cashflow.
GE Capital Aviation Services (GECAS) delivered a Boeing 777-300ER to Israel Aerospace Industries (IAI) in Tel Aviv for the prototype passenger-to-freighter conversion on June 4.
Turkish LCC Pegasus Airlines is rapidly ramping up services on its domestic network, while UK-based long-haul specialist Virgin Atlantic is to resume services next month, as the airline industry continues to piece back together its shattered schedules.
ULCC Wizz Air’s developing plans for a new base in Abu Dhabi indicate a larger operation than was originally envisaged when it was announced in December 2019.