Saddled with debts totalling nearly $1 billion and an ongoing labour dispute opposing a radical restructuring plan, Aerolineas Argentinas filed for bankruptcy protection on 21 June. With losses reported to be up to $30 million a month, Spanish state holding company SEPI, 85% shareholder of the Buenos Aires-based airline, and the Argentine Government (5% owner) are refusing to provide any more money.
Source: Flight International
Paola Velasco became the first female pilot in command for a Bolivian airline. Currently expecting her first child, she is hoping to overcome a medical condition that has kept her out of the cockpit.
Days after disclosing plans to restructure through Chapter 11 bankruptcy, Spirit Airlines says it expects to be de-listed from the New York Stock Exchange.
Garuda Indonesia has confirmed the appointment of Wamildan Tsani Panjaitan – the former interim chief exeutive of low-cost operator Lion Air – as its new CEO.
