Jamie Freed
Stories by Jamie Freed
Indian airlines risk aircraft repossessions as fresh COVID-19 wave roils travel
Passenger traffic fell 30% in April from a month before and halved again so far in May.
Australia’s competition regulator plans to block deal between Qantas and Japan Airlines
The deal, which allows the airlines to coordinate fares and schedules, "harms competition".
IndiGo tightens grip on Indian aviation, targets small cities, international routes
The airline is now the world's seventh biggest by capacity and the largest outside the US and China.
HK’s Cathay Pacific to slash 5,900 jobs; end Cathay Dragon brand
Overall, it will cut 8,500 positions, or 24 per cent, of its normal headcount.
Budget carrier AirAsia X out of money, needs $120m for restart
The airline plans to liquidate its small Indonesia-based carrier and has written down its stake in Thai AirAsia X.
Virgin Australia CEO negotiating terms of exit with new owner Bain
CEO Scurrah had reportedly clashed with Bain about the strategy for Australia’s second-biggest airline.
HK-based carrier Cathay Pacific open to employee ideas on restructuring
The carrier has refrained from large-scale job cuts but has warned it is reviewing its business model.
Singapore Airlines to slash 4,300 jobs amid COVID-19 crisis
The company expects to operate less than 50 per cent of its normal capacity by March 31, 2021.
Virgin Australia creditors vote in favour of airline’s purchase by Bain Capital
Deal gives unsecured creditors a return of 9-13% on their investment.
Virgin Australia’s unsecured creditors to get 9%-13% return under Bain deal
Priority creditors and employees will receive 100% of funds owed, the administrator report said.
