Montenegro airlines now halted.
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Another airline collapses due to COVID-19's impact
Montenegro Airlines ceased its operations on Saturday after the small country's new government refused to continue financing the indebted national carrier.www.traveller.com.au
Small Balkan country of about 630K and on the back of a recent election win for a conservative party.
Could JAL and ANA merge?
That won’t help the proposed Qantas JAL alliance. How will the ACCC view![]()
Japan's ANA on 'wartime' footing to implement COVID reforms
Management decisiveness and fresh thinking by young employees ease crisis impactasia.nikkei.com
Malaysia fate will soon be known
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Malaysia Airlines boss says may have to shut down if restructuring plan fails - report
Malaysia Airlines may have to fold if its lessors decide not to back its latest restructuring plan, the airlines' group chief executive was quoted as saying in a report on Saturday.in.reuters.com
AirAsiaX with massive debt restructuring proposal
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AirAsia Long-Haul Arm Pitches Dramatic Overhaul to Survive
AirAsia Group Bhd.’s long-haul arm proposed a sweeping restructuring plan that would wipe out almost 63.5 billion ringgit ($15.3 billion) in debt and save the Malaysian carrier from being dragged under by aviation’s worst-ever crisis.www.bloomberg.com
Looks like a massive haircut
There go my 592 Reward$ miles :-(
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I guess the airlines will spin out, but HNA Group has commenced bankruptcy proceedings
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HNA Group enters bankruptcy restructuring as it buckles under debt
HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.www.scmp.com
(Hainan Airlines, Hong Kong Airlines, Beijing Capital, and others.)
Remember when they were the saviour of the old VA1 airline?! Wow how things change.
If nothing else, I appreciated their investment in my travelling comfort!
(I still don't know how JB convinced them it was a good idea)