11th hour Virgin Australia bid

Virgin Australia bondholders have made an 11th hour bid to try to recapitalise the airline, two days after Administrators Deloitte received final offers from the two final bidders, Bain Capital and Cyrus Capital Partners. Under the bondholders proposal they would recaptilise the airline to the value of $800 million with an additional $125 million to…

London City Airport resumes commercial flights

London City Airport has reopened to the general public after it was closed for almost three months due to Covid-19. Commercial and personal flights stopped working on 25 March attributable to journey restrictions and a collapse in demand. Government companies and the army have been utilizing the east London airport as an alternative. On Sunday,…

Why it’s taking so long to fix the Boeing 737 MAX

The jetliner has remained grounded for more than a year, the Federal Aviation Administration’s chief said Wednesday. Asked why the process has taken so long, FAA Administrator Stephen Dickson said the 737 Max’s entire flight control system – not just the software – has come under scrutiny. The overhaul has been complicated by the need…