September 21, 2022 1:29 am ET
April 11, 2022 6:00 am ET
November 14, 2021 6:30 am ET -
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…
November 2, 2021 6:00 am ET -
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…
October 26, 2021 4:00 am ET -
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…
May 25, 2021 5:30 am ET -
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…
May 20, 2021 5:00 am ET -
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…