Airline bankruptcies, ceased operations, restructurations

Join this forum to discuss the latest news that happened in the world of commercial aviation.

Moderator: Latest news team

Post Reply
User avatar
sn26567
Posts: 37140
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 »

Virgin Australia may place an order for the B787-9 with which it intends to relaunch long-range travel to Los Angeles and Tokyo.
André
ex Sabena #26567

User avatar
sn26567
Posts: 37140
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 »

El Al Israel Airlines is now 43% controlled by Kanfei Nesharim Aviation following a public share offering that was a government condition for the carrier to receive a 75% state-backed US$250 million loan.

El Al Israel Airlines raised US$148 million in a government-mandated share offering that will enable it to receive a state bailout package.

Condor seeks creditor approval in late October 2020 for its new insolvency plan, which would place the airline in a trust as an interim solution until a buyer can be found.
André
ex Sabena #26567

User avatar
sn26567
Posts: 37140
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 »

sn26567 wrote: 17 Sep 2020, 21:18 El Al Israel Airlines raised US$148 million in a government-mandated share offering that will enable it to receive a state bailout package.
El Al Israel Airlines will resume some international destinations in October 2020, from Tel Aviv to Athens with B737-900, and to London Heathrow, New York JFK and Paris with B787-9. Subsidiary Sun d’Or will also offer charter flights to Greece and Croatia through selected tour operators.

TUS Airways of Cyprus plans to relaunch in in early 2021 as a regional carrier following the expected infusion of fresh capital later in 2020. The carrier will be renamed Ela Air Cyprus and focus on business and leisure routes.
André
ex Sabena #26567

Post Reply