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SANTIAGO: Latin America’s largest airline, LATAM Airlines, reported losses of some US$692mil (RM2.87bil) in the third quarter, as the indebted company said it was still battling challenges from the coronavirus pandemic.
NEW YORK: LATAM Airlines said on Thursday it has received several offers to fund its exit from Chapter 11 bankruptcy, each of which are worth more than US$5 billion
Philippine Airlines Inc. filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the pandemic devastated global travel.
JAKARTA: PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week.
PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week.
Philippine Airlines Inc. has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines.
Philippine Airlines Inc. is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the U.S. to carry out a restructuring, according to people familiar with the plan.
MEXICO CITY/LIMA (Reuters) - "Want the COVID-19 vaccine? Have a U.S. visa? Contact us," reads a travel agency advertisement, offering deals to Mexicans to fly to the United States to get inoculated.
MUMBAI: With US two-cent airfares, high fuel costs and taxes, India’s aviation market already was one of the toughest around. The coronavirus pandemic could be the final straw for some of the country’s airlines.