Thai Airways to restructure via a bankruptcy court

Today (May 19, 2020), the Thai Cabinet approved the reform plan for THAI which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act. In the meantime, THAI is able to operate flights and run its business as usual. Although THAI’ s reform…

Lufthansa Group to expanding flight schedule to over 106 European destinations and over 20 long-haul destinations

Lufthansa Group airlines are expanding June flight schedule significantly. More than 1,800 weekly connections to over 106 German and European destinations and over 20 long-haul destinations will soon be back on offer. With the June flight schedule, the airlines of the Lufthansa Group are significantly expanding their services compared with the previous weeks operation. Lufthansa,…

Queensland Government in bid for Virgin Australia

The Treasurer of the Queensland state government, Cameron Dick, revealed that the state had told it’s investment arm, QIC to explore a bid for Virgin Australia. The investment arm could take a direct equity stake, offer loans, guarantees or incentives to another bidder. Mr Dick said in a statement, “We have been very clear —…