Budget carrier XL Airways seeks rescue deal with Air France

India's aviation regulator said on Tuesday that Jet Airways is currently operating only 41 aircraft, just a third of its original fleet, as the debt-laden carrier struggles to finalize a rescue deal with lenders and its major shareholder Etihad Airways......»»

British Airways-owner IAG has said it is considering making an offer for Norwegian, a low-cost carrier worth about $1.2 billion, in a deal which would expand its budget offerings and give it control of a struggling rival. Sonia Legg reports.....»»

Norwegian Air's deeply discounted 400 million crowns ($39 million) share issue, part of the company's financial rescue plan, has now been oversubscribed by investors, the budget carrier said on Thursday......»»

Norwegian Air's shareholders began a pivotal meeting on Monday to vote on a plan to convert debt into equity and raise more cash that could determine whether the budget carrier survives the coronavirus pandemic......»»

Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday......»»

Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to tide the airline group through the coronavirus crisis......»»

Germany has agreed in principle to support struggling carrier Condor with emergency liquidity after the owner of Poland's national airline LOT pulled out of a deal to buy the airline, two people close to the matter said on Monday......»»

Norwegian Air has secured an initial cash infusion of 300 million Norwegian crowns ($26.6 million) from a government rescue package for the airline industry, the budget carrier said on Tuesday......»»

Vietnamese startup carrier Bamboo Airways says it is in talks with Boeing to buy as many as a dozen 777X airliners, the jet maker's large, new widebody aircraft. The blockbuster deal, worth up to $5 billion at list prices, could be finalized in the secon.....»»

South Africa's struggling state-owned airlines said on Monday that flights to all destinations are operating as normal, as government discussions continue to try and rescue the carrier. Sisipho Skweyiya reports......»»

South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April......»»

South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, as the government said it has no more money for the cash-strapped state carrier......»»

South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, with no prospect of more money from the government......»»

Hong Kong's Cathay Pacific Airways Ltd said on Friday it would allocate half of its order for 32 Airbus SE A321neos to its recently-acquired low-cost carrier HK Express as it looks to grow in the budget market......»»

Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices to cement its position as India's largest carrier by market share......»»

U.S. budget carrier Spirit Airlines on Wednesday unveiled a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S. airline to pick European planes since Washington imposed tariffs on them......»»

U.S. budget carrier Spirit Airlines is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus , industry sources said......»»

Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up - comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier......»»

British Airways parent IAG warned on Thursday that full-year profit will be hit by a pilots' strike at the UK carrier and weaker sales by budget stablemates Vueling and Level......»»

Airbus unveiled an aircraft deal with Taiwan's China Airlines on Wednesday, snatching the carrier's medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British Airways owner IAG......»»