An Alberta court has approved Canadian Airlines' C$3.5 billion ($2.3 billion) debt restructuring, paving the way for its takeover by Air Canada. If the proposal had been refused, Canadian would have been liquidated. Barring an appeal, unsecured creditors will get 14¢on the dollar and secured creditors 97¢
Source: Flight International
Berniq Airways has placed a firm order for six A320neo-family aircraft, Airbus confirmed during Farnborough air show on 23 July.
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
Air India chief executive Campbell Wilson insists that the privatisation of the flag carrier means the country’s airlines are better positioned to take advantage of the huge growth potential in India
