restructuring

The budget carrier recently disclosed more details of its restructuring plan.

Just a few days ago, a pivotal moment unfolded within the corridors of TAAG Angola Airlines, the national flag carrier of Angola.

The rescue Air Austral — a French airline based in the country’s Indian Ocean territory of Réunion — will not go through a merger with Corsair, also in great financial difficulty after the health crisis, and strongly defended by the French government but fiercely rejected by the elected representatives of the Reunion regional council. The […]

Kenya has offered its national carrier Kenya Airways (KQ) a KES25 billion shillings ($217 million) lifeline on unpaid interest, which will help it survive and sustain operations during and after the COVID-19 pandemic. The airline discloses in its latest annual report for the period to December 2021 that it failed to honor interest payment on […]

With the newly-founded Italian flag carrier ITA Airways still in the process of being sold off to a major airline group, the liquidation proceedings of its ancestor Alitalia which ceased operating last October are finally coming to an end. The 74-year-old Alitalia was broken off into different business units prior to the shutdown of its […]

During the last few years, Kenya Airways struggled financially. One would argue that many airlines globally have found a tough going but for Kenya Airways, the fate of the airline hangs in the balance. The government — who has been writing checks to keep the airline afloat — is now demanding the carrier to restructure. […]

AirAsia Group has announced a planned financial restructuring of its Thai businesses, which would include a capital infusion and a reorganization of its 45%-owned Thai AirAsia Co Ltd’s holdings (TAA). The move is hardly surprising, given AirAsia had previously said that its affiliates will seek financial assistance from the nations in which they operate. In […]

Royal Air Maroc will be initiating a new organizational transformation to support the development of the company and put it back on a recovery and growth trajectory in the global arena. With the current aviation landscape, both full of uncertainties as well as full of opportunities, Royal Air Maroc is reviewing its organizational structure in […]

Indonesian national carrier Garuda Indonesia may be forced into bankruptcy as it faces growing debts after months of financial difficulties due to the impact of Covid-19. The Indonesian government in response has prepared Pelita Air Service, a subsidiary of Indonesia’s Pertamina, a state-owned oil giant, to take over domestic flights within Indonesia if Garuda Indonesia […]

The Covid-19 pandemic has continuously caused severe damage to almost every industry worldwide, and the aviation sector was not spared as airlines from around the world continue to struggle. Massive declines in operating flights and passenger demand have resulted in huge losses for airlines even though many have received financial aid, with some entering administration […]