Latin American Airline Latam Files for Chapter 11 Bankruptcy Protection
Rama Venkat and Jamie Freed, Reuters
The carrier now faces a hard sell in convincing other shareholders to shore it up with additional financing.
1 week ago
Rama Venkat and Jamie Freed, Reuters
The carrier now faces a hard sell in convincing other shareholders to shore it up with additional financing.
1 week ago
Brian Sumers, Skift
Many airlines will go bust during the Covid-19 recovery. But Virgin Australia may just stick around. The airline has lost a lot of money over the years, but it is based in a robust market and has just one major competitor.
3 weeks ago
Rod McGuirk, Associated Press
With up to 10 parties interested in buying the airline, bankruptcy protection gives it breathing space ahead of its next chapter.
1 month ago
Jamie Freed, Reuters
Will there be a last-minute lifeline for the embattled Virgin Australia? The clock is ticking away.
1 month ago
Renju Jose and Jamie Freed, Reuters
With this latest acquisition interest, state intervention looks even less likely, leaving question marks hanging over the airline's debt restructuring plan.
2 months ago
Jamie Freed, Reuters
Should Virgin Australia fail, Qantas will be the country's only carrier. A monopoly is in nobody's interest, but as Virgin Australia is 90 percent foreign-owned, how likely is the state going to step in with aid having already refused it once? It's a complicated affair.
2 months ago
Ben Butler, The Guardian
Bushfires, drought and now coronavirus — can it get any worse for Australia tourism? Hopefully not, but signs are pointing to a darker picture ahead.
3 months ago
Angus Whitley, Bloomberg
Job cuts might reduce costs but after seven years of losses, Virgin Australia needs take a much closer look at its business model if it is ever to become profitable. A change in its convoluted ownership structure might help.
9 months ago
Angus Whitley, Bloomberg
When it comes to the potential fire hazard posed by certain MacBook Pro batteries, better safe than sorry is a reasonable approach for airlines to take.
9 months ago
Haze Fan, Ercan Ersoy and Manuel Baigorr, Bloomberg
The Asia-Pacific market is booming and Turkish Airlines wants in. First, it has to slay other suitors as HNA lets go of its Virgin stake.
10 months ago
Allan Leibowitz, Skift
All eyes are on Virgin Australia’s new CEO, Paul Scurrah, to see if he can stem the losses and lead the airline into profitability. Scurrah inherits a very different airline from the one John Borghetti joined eight years ago, but shareholders are keen to see profits and a return on their investment.
1 year ago
Allan Leibowitz, Skift
Experts were tipping a slow-down in travel in Australia due to the falling dollar and rising fuel costs, but the country’s two main airlines are seeing revenue growth, mostly because they have reduced capacity and halted the price war.
2 years ago