Barbados' LIAT airlines to liquidate
Dominica News Online has reported Antigua prime minister Gaston Browne has announced the liquidation of financially troubled LIAT, the news source said. The prime minister said LIAT shareholders will meet…
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Accel-KKR, ParkerGale partner to back ATP's acquisition of Flightdocs
Accel-KKR and ParkerGale, two tech-focused private equity firms, have announced a partnership to back ATP in its acquisition of FlightDocs, a provider of maintenance tracking software for the business aviation…
Lufthansa shareholders vote to accept resources of German Stabilization Fund
Deutsche Lufthansa AG has announced 98% of its shareholders voted in favor of accepting the capital measures and the participation of the Economic Stabilisation Fund (WSF) of the Federal Republic…
Bain private equity firm wins bid to buy Virgin Australia
Officials at Deloitte, administrators for ailing carrier Virgin Australia, have announced Bain Capital, a US private equity firm, has won a bid to buy the air carrier, the company said.Administrators…
Qantas to cut 6,000 jobs
The Conversation has reported Quantas announced will cut approximately 6,000 of its 29,000 workers to further reduce costs by AUD 15bn over a three-year period, the news source said.According to…
KLM secures EUR 3.4bn in financing from Dutch state
KLM has announced it has secured EUR 3.4 billion in financing to help weather the COVID-19 crisis, the company said.KLM has already taken a large number of measures to maintain…
Honeywell collaborates with Charlotte Center City Partners to create small business innovation fund
Honeywell, a US aerospace technology company, has announced a collaboration with Charlotte Center City Partners to create the Center City Small Business Innovation Fund, an initiative designed to spur and…
Redwire Acquires Made In Space, Space Manufacturing Technologies
Redwire, a Florida-based provider of mission critical space solutions, has announced the acquisition of US-based on-orbit space manufacturing technology company Made In Space, Inc. (MIS), the company said.The acquisition also…
American plans to raise funds through sale of stock at USD 13.50 per share
Flyertalk has reported American is increasing its latest fundraising round to nearly USD 2 billion, adding an additional USD 500 million in stock and convertible notes, the news source said.In…
American AAdvantage appraisal values frequent program at up to USD 31.5bn
Flyertalk has reported American Airlines announced an independent appraisal of its American AAdvantage frequent flyer program suggests the program could be worth between USD 19.5m and USD 31.5bn, the news…
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