Sale of Alitalia’s Handling and Maintenance Units Completed, ITA Airways’…

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…

Kenya Airways Downsizes Fleet, Cuts its Operational Costs

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…

Cash-Strapped AirAsia Still Needs to Support Affiliates

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…

Royal Air Maroc Outlines Restructuring Plan

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…

Government Prepares to Takeover Garuda Indonesia Routes if it Declares…

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…

Garuda Indonesia Suggests Imminent Restructuring

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…

Thai Airways Approved for Restructuring Plan

Thai Airways International managed to get its creditors' approval on May 19 for a proposed restructuring plan that would help the airline refinance its debt in an effort to stay afloat and remain financially viable long-term, Nikkei reported. In order for the seal of approval to be given, the restructuring…

LATAM Brasil Outsources Ground Agents At Most Airports As Restructuring…

As LATAM Airlines Group reshuffles its operations and cleans up its financial situation as a part of its Chapter 11 bankruptcy process, the group's branches continue their streamlining and cost-cutting measures. The latest agreement — and one of the most relevant with respect to labour relations so far — was…

New Alitalia Set To Halve Fleet, Workforce

Last Friday a new chapter started in the never-ending story of troubled Italian flag carrier Alitalia when the newly-formed state-owned company Italia Trasporto Aereo (ITA) presented its new business plan to the Transport Commission of the Italian Government. The new company is supposed to take over some of the assets…