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Court OKs Garuda’s restructuring

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A court overseeing Garuda Indonesia's debt restructuring negotiations has ratified a deal with creditors to repackage more than $9 billion of the carrier's debt,...

Garuda looks to restructure Islamic bonds

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Garuda Indonesia is proposing that holders of its US$500 million Islamic bonds switch parts of the debt to equity, take a haircut and extend...

Thai Airways gains court approval for restructuring

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Thai Airways received court approval on Tuesday (15 June) to restructure US$12.9 billion in debt and move ahead with its plan to revamp the...

Thai Airways will shed workers, downsize planes in operation in major...

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Thai Airways International announced on Tuesday (2 March) that it would cut its operations significantly by shedding 50 percent of its workforce and its...

UPDATED: Thai Airways posts record US$4.6 billion net loss

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(Updated with cash infusion details from Bloomberg report) Thai Airways is seeking a capital infusion of as much as 50 billion baht (US$1.65 billion) under...

Malaysia Aviation Group gets court OK to restructure finances with plane...

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Malaysia Aviation Group received approval on Monday (22 February) from a court in the UK  for a deal between its leasing unit and a...

Philippine Airlines may seek court restructuring

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Philippine Airlines may seek the equivalent of bankruptcy protection to restructure its operations and raise funding to survive the COVID-19 pandemic. Media reports said...

Thai Airways gets go-ahead for restructuring

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A court in Thailand on Monday (14 September) approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to...

Qantas cutting jobs, raising capital to weather COVID-19 storm

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Australian flag carrier Qantas Airways announced Thursday (25 June) that it was cutting at least 20 percent of its workforce or around 6,000 people...