Airline news

Norwegian Subsidiaries Declare Bankruptcy

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 (Image: Max Thrust Digital)
Airline news

Worldwide Woes for Virgin Airlines

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 Airways
Airline news

South African Airways close to collapse

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]