Shares in Malaysia's AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier's ability to continue as a going concern.
* Equity raising via placement or rights issue imminent -
(Recasts with capacity forecast from presentation released on
SYDNEY Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
SYDNEY Hong Kong's Cathay Pacific Airways Ltd said on Monday it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.
* More than 50 widebodies could be sent to the desert -
SYDNEY U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd to buy Australia's second-biggest airline for an undisclosed sum, banking on an aviation industry recovery.
SYDNEY Qantas Airways Ltd is axing at least 20% of its workforce and intends to raise up to A$1.9 billion ($1.3 billion) of equity under a sweeping cost-saving plan prompted by the coronavirus pandemic. | Video
SYDNEY, June 22 Qantas Airways Ltd has
told pilots it plans to make an announcement on the airline's
future direction by the end of the month and that it hopes to
avoid forced job cuts among flight crew, two people with
knowledge of the matter told Reuters.
SYDNEY Virgin Australia Holdings Ltd's administrator said on Monday that it had received final offers for Australia's second-biggest airline from Bain Capital and Cyrus Capital Partners and that it hoped to select a preferred bidder by June 30.
SYDNEY/LOS ANGELES An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.