With Brazil's air transport industry quickly recovering to 2019 traffic figures and April's historic lows looking like a small shape in the rearview mirror, airlines are shuffling their strategies to secure the future that comes ahead. On Monday, Azul Linhas Aéreas announced a big step in this direction as it submitted to Brazil's Securities and Exchange Commission (CVM) a request for convertible debentures worth 1.6 billion Brazilian Reais ($283.4 million as of Oct. 10). Terms of the Transaction The offering,…
The intellectual property, stock and equipment of the U.K. airline Flybe have been purchased by a firm associated with Connect Airways that owned the airline at the time of its administration in March of this year. BBC News reports that Thyme Opco is linked to the hedge fund company Cyrus…
Sun Country Airlines, an airline specializing in ultra-low-cost and charter operations in the United States, has restarted plans for an Initial Public Offering (IPO) as soon as 2021 if demand appropriately picks up, Crain’s reports. Sun Country had hoped to push an IPO in April 2020, but the operational complexity…
The European Union Aviation Safety Agency (EASA) has reportedly given approval for the return of the Boeing 737 MAX to the region’s skies. The agency had reported on Sept. 11 that test flights of the aircraft had been completed in Vancouver, Canada due to Covid restrictions. Data from those test…
Atlanta-based Delta Air Lines reported a nearly $5.4 billion net — after-tax —loss in the third quarter on Tuesday morning as the airline became the first major U.S. carrier to release figures for the period. This came even as the airline has continued to work to lower cash burn and…
CARES Act funding ran out at midnight on Thursday morning, and tens of thousands of airline employees braced for furlough as congress failed to make a job-saving funding extension. When the U.S. passed the CARES Act in March, among its terms were a prohibition on involuntary layoffs or furloughs through…
Qatar Airways published its 2019-2020 annual report on Sunday, in which it reported that the airline recorded a loss of $2 billion for the period from April 1, 2019 to March 31. The combination of the current airspace blockade against the Qatar, the liquidation of Air Italy, changes in accounting…
In a time of bad news and a gloomy industry outlook, new announcements have been relatively short to come by. JetBlue has become the latest airline to make a new announcement, this time featuring their newest livery, confirming their newest destination, and announcing expansion plans out of Hartford, Connecticut. JetBlue's…
Due to COVID-19, the interconnected world has become significantly less connected. Many airlines have either stopped international flying entirely or are operating on greatly reduced schedules. Many countries have closed off borders to everyone except their citizens and residents greatly impacting leisure travel. It’s not easy for people to return…
Another day, another rumor that Africa's largest carrier Ethiopian is considering ways to potentially offer support to the insolvent South African Airways with sources familiar with the matter citing talks between Ethiopian Airlines Group eyeing stakes are already in place with the South African government. The long-rumored potential tie-up between…
