Tag Archives: wins

Norwegian wins bankruptcy protection in Ireland | News

Norwegian continues to struggle as Covid-19 restrictions tighten | News

Norwegian has won High Court protection from creditors for its key Irish subsidiaries as the carrier begins the latest bid to salvage its struggling operations. Justice Michael Quinn appointed KPMG partner, Kieran Wallace, as interim examiner to Irish-based Norwegian Air International, Arctic Aviation Assets DAC and three other companies. The Irish subsidiaries named their parent, […]

Delta wins approval in Brazil for LATAM joint venture | News

Delta wins approval in Brazil for LATAM joint venture | News

Delta Air Lines and LATAM Airlines Group have received regulatory approval for their trans-American joint venture from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE). The proposed deal between Delta and LATAM, which was presented to the CADE on July 14th, was approved without conditions. CADE carried out an evaluation of the competition […]

Virgin to cut 1,150 more jobs as recapitalisation wins approval | News

Virgin to cut 1,150 more jobs as recapitalisation wins approval | News

Virgin Atlantic has completed a £1.2 billion recapitalisation. Having taken the final steps in the legal process, the airline is hoping to emerge from the Covid-19 crisis as a sustainably profitable carrier. However, the devastating impact of Covid-19 on global aviation continues unabated, and the airline said it must take further steps to ensure survival. […]

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