Collapsed UK carrier Monarch Airlines is to remain under administration for another two years, following an application for extension.
The airline ceased operations just under a year ago.
Monarch Airlines’ administrator, KPMG, has applied to extend the period of administration until the beginning of October 2020, formal records for the defunct carrier state.
Source: Cirium Dashboard
Lufthansa Group has lowered its profits outlook for the full-year after disclosing a deeper than expected adjusted EBIT loss of €849 million ($903 million) for the first quarter amid strike disruption.
Estonian ministers are suspending discussions with two companies which had sought to acquire the troubled carrier Nordic Aviation Group, although efforts to privatise the company will continue. The ministry of climate change says two entities had submitted binding purchase offers. But one has been determined to be “financially insufficient”, and ...
Airlines in Europe and Asia have began re-routing their operations between the two regions following escalating tensions in the Middle East, further narrowing Asia-Europe flight options and raising operating costs.
