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
Delta Air Lines is expecting a return to normal operations following a multi-day struggle related to the global IT outage caused by CrowdStrike.
The US Department of Transportation is investigating whether Delta Air Lines has complied with passenger-protection laws amid a technology meltdown that has forced the carrier to cancel thousands of flights.
Malaysian airlines have confirmed plans for jet operations from Kuala Lumpur’s Subang international airport, with domestic operations to commence in August.
