Scandinavian Airlines (SAS) has secured a SEK14.25 billion ($1.5 billion) recapitalization led by the Danish and Swedish governments along with third-largest shareholder the Knut and Alice Wallenberg Foundation.
As the airline industry quickly puts into place increased health and hygiene protocols to boost passenger confidence, cabin interior manufacturers are innovating designs to give added protection to COVID-19-wary travelers.
Icelandair Group is still locked in financial restructuring talks with lessors, a credit card acquirer and Boeing, further-delaying its time line toward a share offering and government-backed loan.
Turkey’s second largest airport, Sabiha Gokcen International, was forced to close today after a Pegasus Airlines Boeing 737-800 skidded off the runway.
Following cases of transit passengers being stranded at Hong Kong International Airport (HKG) as a result of mishandling by airlines, Airport Authority Hong Kong (AA) has introduced a series of penalties imposed on airlines should such cases occur again.
EASA has pulled operator approvals for Pakistan International Airlines (PIA) and Vision Air International, a Karachi-based charter and cargo carrier, in the aftermath of Pakistan’s pilot-licensing scandal.
Inclusion of the U.S. in the latest EU travel ban may make sense from a public health standpoint, but it’s bad news for airlines taking their first steps to recovery on both sides of the Atlantic.
The FAA, expanding on temporary provisions issued in April, has extended relief for pilots and other certificated industry professionals who have certain qualifications, medical certificates and training due for renewal this summer.
In an effort to adapt to declining demand for its commercial aircraft amid the COVID-19 pandemic, Airbus is expediting decisions to cut 15,000 positions—around 11% of its entire workforce and the deepest restructuring the company has ever endeavored.
Air Canada will suspend 30 domestic regional routes and close eight stations as it continues to reshape its network to meet reduced demand during the COVID-19 pandemic.
European Union member states have set out a list of countries from which they will gradually lift COVID-19 restrictions on non-essential travel, including Australia, Canada, South Korea and China—as long as it reciprocates—but excluding the U.S.
Cathay Pacific has gained approval from the vast majority of its employees for an unpaid leave program—an important part of the airline’s efforts to reduce short-term costs.
