Aigle Azur has been put into liquidation after a French court ruled against the remaining rescue offers. Air France-KLM and EasyJet withdrew offers to acquire parts of Aigle Azur after missing a co...
Thomas Cook has been forced into compulsory liquidation this morning. At this time, the UK liquidators control: three A320-200s, 35 A321-200s and eight A330-200s under the UK brand – then under Tho...
Yesterday, Condor Flugdienst received a guarantee from the German government and the Hessian State Government for a six-month €380 million bridging loan by German Development Loan Corporation KfW. Th...
An extra £200 million in extra funding is needed otherwise Thomas Cook could fall into administration. The airline has been told by banks including RBS and Lloyds that new contingency funds are ra...
Over the weekend an attack took place on a Saudi Arabian oil facility removing around 5% of global supplies which has seen oil post its biggest ever intraday jump to more than $71 a barrel, Bloomberg...
Knighthood Capital Partners, headed by former Etihad president and CEO James Hogan, and Six West have formed a new partnership with the aim to explore and develop new growth opportunities for the air...
In a bid to generate cash, Norwegian Air Shuttle (NAS) requested extend the maturity dates of its two unsecured bonds in exchange of a security package backed by the take-off and landing slots at Lon...
French carrier Aigle Azur has received 14 takeover bids which were submitted before the deadline of 9 September. Martin Surzur, president of Aigle Azur SNPL union, said that among the 14 offers th...
Air Canada has sent a letter to the Canadian Transportation Agency (CTA) challenging the proposed takeover of rival WestJet by Onex Corp. The challenge has come on the grounds of foreign ownership ...
British Airways (BA) has cancelled nearly 1,600 flights on 9 and 10 September after it was left with "no option" as a result of the industrial action called by cockpit union BALPA. Thousands of pas...
Emirates president Tom Clark has slammed engine makers Rolls-Royce and GE Aviation saying that they must improve their reliability and that the airline will not take new Airbus and Boeing planes unle...
Paris Orly-based airline Aigle Azur has filed for bankruptcy after it was placed in receivership. The French carrier will still continue to operate flights during a "period of observation", it has...
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