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An Emirates Airbus A380 on final approach. (Photo: AirlineGeeks | James Dinsdale)

Emirates To Receive $2 billion State Aid Package

In the midst of massive layoffs and reorganizations of aircraft orders, Emirates has secured a bailout that will give the company some momentary peace of mind. An aid package of 7.3 billion dirhams, or about $ 2 billion, was granted to Emirates by Dubai's government, which further reported in a document that it is ready to send more aid to the airline. "Any additional support will be subject to the requirements of the airline and will depend on the impact…

LATAM Airlines Files for Chapter 11 Bankruptcy

In a communication addressed to the Chilean Financial Market Commission (CMF), LATAM Airlines Group has announced that it will voluntarily file to reorganize under Chapter 11 protection of the United States Code. The requested restructuring involves subsidiaries in Chile, Colombia, Peru, Ecuador, the United States of America, the Cayman Islands…