Airline news

Richard Branson’s Virgin Group is seeking a buyer for Virgin Atlantic (VS/VIR) as sources close to the situation say that no government help will be available for the airline. The airline had sought a £500m government loan and Mr Branson even offered his private island as collateral but the reports [read more]

Norwegian, one of Europe’s largest low-cost airlines has today announced that it plans to lay off 4700 staff. As the struggling airline declares four of its subsidiaries bankrupt. Norwegian were one of the weakest carriers to enter these unprecedented times of uncertainty, as COVID-19 continues to spread. Norwegians rising debts [read more]

Virgin Atlantic (VS/VIR) is one of two Virgin airlines facing a bleak future after failing to secure Government funding for a bailout to help it ride out the Coronavirus (COVID-19) Pandemic. The airline which is owned by Richard Branson’s Virgin Group (51%) and Delta Airlines (49%) had reportedly asked the [read more]

South African Airway (SA/SAA) is close to collapse after it failed to secure further backing from the South African Government. The airline has offered redundancy packages to all of its 4,700 staff members from the end of April. State-owed South African Airways has received numerous bailouts from the South African [read more]

The Chief Executive of Manchester Airports Group (MAG) Charlie Cornish has written to Chancellor Rishi Sunak to lobby in support of a government deal to bail out Virgin Atlantic (VS/VIR). MAG joins Airbus and Rolls-Royce in supporting the airline which is owned by Richard Bransons’ Virgin Atlantic Limited (51%) and [read more]

Liverpool Airport (LPL/EGGP) has said that from tomorrow (12th April) all scheduled passenger flights will operate from the XLR Executive Jet Centre. The move allows the airport to close the main terminal as passenger flights have all but stopped at the airport, and across the UK as a result of [read more]

Low-Cost Carrier Easyjet (U2/EZY) has reached an agreement with Airbus which allows it to postpone delivery of its latest aircraft. The deal allows Easyjet to defer the delivery of 24 Airbus A320neo and A321neo aircraft due to be delivered over the next 24 months. The structure of the deferral is [read more]

UK airlines will be able to defer European air navigation charges for up to 14 months following the latest government announcement aimed at helping the UK’s aviation industry. Air Navigation Charges are paid by airlines when they use a counties airspace and navigation services and this announcement covers all EUROCONTROL [read more]