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Philippine Airlines Exits Chapter 11 Bankruptcy

Just a few hours before one of the worst years on record for commercial aviation came to a close, Philippine Airlines announced it was exiting U.S. Chapter 11 bankruptcy protection after successfully restructuring its business. Less than four months earlier, the airline had voluntarily entered Chapter 11 on Sept. 3 and was able to emerge […] ....

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Kenya Airways To Undergo $1 Billion Restructuring

With the international airline market still struggling to recover from the drop in demand driven by the Covid-19 pandemic, carriers deeply relying on international connections have had to face tough choices in the past 24 months. One of these is SkyTeam member Kenya Airways, which will have to completely overhaul its structure in order to […] ....

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Ukraine Will Launch A State-Owned Carrier In 2022

The crisis has gripped the industry of commercial aviation since the start of the COVID-19 pandemic in March 2020. As a result, governments in various countries triggered numerous interventions in order to prevent many airlines from becoming insolvent and maintain worldwide connectivity in place. The severity of the crisis also prompted some countries to consider […] ....

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ITA Airways Becomes The Latest SkyTeam Alliance Member

On Oct. 15, ITA Airways became the new flag carrier for Italy replacing bankrupt Alitalia, putting an end to years of uncertainty over the destiny of the company that once dominated Italian skies. ITA Airways started with a fleet of 52 aircraft, just about half the size of former Alitalia, and a smaller range of […] ....

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