Struggling UK tour group MyTravel is warning bondholders that the UK Civil Aviation Authority could revoke its operating licence by the end of the year if they do not agree to an £800 million ($1.48 billion) debt-for-equity swap. MyTravel has repeatedly said that it will run out of cash next year if no agreement can be reached.
Source: Airline Business
Australia’s Jetstar Airways has increased the number of aircraft based in New Zealand, as part of long-term expansion plans in the country.
Ukrainian carrier SkyUp Airlines is to open a Moldovan base from which it will operate several routes to European destinations. SkyUp will conduct the services through its Maltese arm, SkyUp MT, which secured certification last year. It will offer flights under SkyUp MT’s ‘U5’ designator code from the Moldovan capital ...
Virgin Australia will restart long-haul operations from June 2025, operating a series of flights to Doha under a partnership with prospective investor Qatar Airways.
