Aeroflot Group is aiming to raise at least Rb80 billion ($1 billion) through a capital increase involving the placement of new shares, in order to strengthen its liquidity. Although it had previously prepared to place up to 1.7 billion shares,...
Regional turboprop manufacturer ATR is in discussions with its joint shareholders Airbus and Leonardo over plans to develop low-emission technologies on the aircraft and hopes by early 2021 to have identified a future strategy. Regional turboprop manufacturer ATR is in...
A Colombian court has upheld its injunction barring the national government from participating in Avianca’s debtor-in-possession (DIP) financing, but the airline is confident its latest proposal will still be approved by the US bankruptcy court. A Colombian court has upheld its...
KLM plans to cut pay, reduce jobs and slim down its fleet in order to secure €3.4 billion ($4 billion) in loans and guarantees from the Dutch government. KLM plans to cut pay, reduce jobs and slim down its fleet in order...
Middle Eastern carrier Emirates is set to be fined by the US Department of Transportation for operating services through Iranian airspace while carrying a codeshare with US budget operator JetBlue Airways. US investigations have determined that, during the first three...
Passenger numbers fell back again in September at low-cost carrier Ryanair as increased travel restrictions halted the pick-up in air demand. Ryanair traffic levels had started increased in July and August after flatlining during the crisis peak of the coronavirus...
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