Virgin Atlantic close to securing rescue deal: source
Virgin Atlantic is "close" to securing a deal to recapitalise the struggling British airline as the coronavirus pandemic slashes demand for air travel, a source told AFP Wednesday.The carrier, part owned by tycoon Richard ... Continue Reading
Shareholders back bailout to rescue Lufthansa
Lufthansa shareholders on Thursday overwhelmingly backed a nine billion euro ($10 billion) bailout by the German government, saving Europe's largest airline group from bankruptcy ... Continue Reading
LATAM announces suspension of Argentine subsidiary operations
Latin America's largest airline announced on Wednesday that it is indefinitely ceasing operations at its Argentine subsidiary due to the financial hardship provoked by the coronavirus pandemic.LATAM said in a statement the move was ... Continue Reading
18 JUN 2020
Austrian low-cost airline Level Europe files for insolvency
The Austrian low-cost airline Level Europe announced Thursday it was filing for insolvency and would not resume flights which had already been suspended since March due to the novel coronavirus pandemic."Level Europe has been ... Continue Reading
