Air Belgium, facing prolonged financial difficulties, has restructured its operations by transitioning to Air One Belgium, a move that emphasizes cargo services over passenger flights. This strategic shift has led to the exclusion of cabin crew from the new operational framework, resulting in the loss of nearly 130 jobs. In late 2024, a consortium comprising the Dutch PESO…
KLM (Netherlands) has announced a reduction of 250 jobs in non-operational roles as part of a $469 million cost-saving initiative aimed at optimizing its operational efficiency. The move comes as the airline continues to adapt to financial pressures and changing market conditions.
SATA Azores Airlines has announced significant changes to its North American operations, restructuring its summer 2025 schedule. The airline will discontinue flights from Funchal to Boston, New York JFK, and Toronto. Additionally, three routes from Porto to the same destinations will also be dropped. These adjustments are part of SATA’s broader strategy to optimize its transatlantic operations and focus on routes with stronger…
Tunisair, the national airline of Tunisia, is set for a major relaunch under the guidance of the country’s Transport Ministry. This move comes as part of a broader effort to make the airline competitive again following years of financial difficulties and operational challenges. The relaunch initiative includes restructuring operations, optimizing routes, and improving customer service to…
Spirit Airlines (US) has initiated a US$350 million equity rights offering as part of its ongoing Chapter 11 bankruptcy restructuring efforts. This strategic move aims to bolster the airline’s financial stability and ensure operational continuity amid its restructuring process.
Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth.
