Trans World Airlines (TWA) has won the backing of its creditors to go ahead with its "pre-packaged" Chapter 11 bankruptcy filing, aimed at smoothing the airline's latest restructuring plan. Creditors had feared that they would be left vulnerable if an unplanned filing took place during the debt-for-equity restructuring. TWA plans to re-emerge from its second Chapter 11 filing in September with debts reduced to $1.2 billion.
Source: Flight International
Chile’s LATAM Airlines Group has pledged to invest $2 billion in Brazil in the next two years, focusing on “products, technologies and services for passengers as well as aeronautical maintenance activities”.
Sun Country Airlines has curtailed growth plans for the second half of 2024, becoming the latest US discount carrier to do so in response to sagging fares what executives describe as an over supply of seats.
Aer Lingus hopes to reignite plans to introduce the Airbus A321XLR into its fleet following the signing of a new labour agreement with its pilots in July.
