Source: SAS SAS AB (“SAS” or the “Company”) announces that it has entered into a debtor-in-possession (“DIP”) financing credit agreement for USD 700 million (the equivalent of approximately SEK 7.0 billion) with funds managed by Apollo Global Management (“Apollo”). DIP financing is a specialized type of bridge financing used by businesses that are restructuring through a chapter 11 process. The DIP financing, along with cash generated from the Company’s ongoing operations, enables SAS to continue meeting its obligations throughout the chapter 11 process. The DIP financing is subject to approval by the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). The DIP financing is structured as a delayed draw term loan with a nine-month maturity from [...]

Source: Spirit Airlines Albuquerque, New Mexico Spirit Airlines' iconic black and yellow planes soared above the Land of Enchantment as the airline launched service at Albuquerque (ABQ) for the first time. The new route offers Albuquerque Guests a daily, nonstop option to Las Vegas (LAS) and more than a dozen connections across the U.S. "Albuquerque makes for a great debut into New Mexico, offering our Guests affordable and easy access to the vibrant culture and unique recreational activities found in the Duke City," said John Kirby, Vice President of Network Planning at Spirit Airlines. "Additionally, we're excited to welcome Albuquerque travelers onboard with daily non-stop service to the Entertainment Capital of the World, which also serves as a gateway to [...]

Source: American Airlines American will provide $750,000 as a resource grant and $250,000 for scholarships to OBAP’s Luke Weathers Flight Academy An additional $250,000 per year over the next two years will be provided for scholarships American Airlines extended job offers to 45 diverse aviators at OBAPs 46th Annual Conference American Airlines announced a donation of $1.5 million to the Organization of Black Aerospace Professionals (OBAP) Luke Weathers Flight Academy during the organization’s 46th annual conference, held Aug. 10–12. American served as the title sponsor of OBAPs 46th annual conference, which included several notable industry speakers, aerospace professional development workshops and networking opportunities. “Our strength lies in having a team, especially pilots, that represent the diverse communities we serve,” said American CEO Robert Isom. [...]

Source: Azul Linhas Aéreas Azul S.A., “Azul”, the largest airline in Brazil by number of cities and departures, announces its results for the second quarter of 2022 (“2Q22”). The following financial information, unless stated otherwise, is presented in Brazilian reais and in accordance with International Financial Reporting Standards (IFRS). Financial and Operating Highlights Operating revenues reached an all-time record of R$3.9 billion in 2Q22, seasonally the weakest quarter of the year. Our top-line revenue more than doubled compared to 2Q21 and increased an impressive 50% compared to 2Q19. This was the third consecutive quarter with net revenues above pre-pandemic levels. PRASK and RASK increased 57.3% and 44.5% respectively year over year, even with a 59.6% growth in capacity, mostly due [...]

Source: TAAG Airlines Service will also be increased to Cabinda, Maputo and Windhoek TAAG Angola Airlines will reinforce flights within domestic and international destinations, providing passengers with greater availability and options while scheduling their trips. Consequently, the following destinations: São Paulo (Brazil), Cabinda (Angola), Maputo (Mozambique), Windhoek (Namibia) will have additional frequencies, as follows: Luanda - São Paulo From the 5th of November. Increase in weekly frequencies from 3 to 4 flights, with the additional LAD/GRU flight operated on Saturday (the return flight to Luanda will be carried out on Sunday) by a Boeing 777-300 aircraft. Luanda - Cabinda From August 13th. Weekly frequencies increase from 24 to 26 flights. Additional flights to be operated on Saturday and Sunday by [...]

Source: Delta Air Lines Antilla will lead Delta’s regional business and customer experience strategy, and the airline’s partnerships with LATAM and Aeromexico Delta has appointed Alex Antilla as Vice President, Latin America. Based in Santiago, Chile, he will oversee Delta’s business and customer experience strategy throughout Mexico, Central America, South America and the Caribbean, as well as the airline’s partnerships with the LATAM Group* and Aeromexico. “As Delta continues to expand its international network and product offering to support the growing demand for travel, Alex’s diverse experience will be pivotal in leveraging opportunities, delivering the Delta Difference for our customers, and leading the best employees in the business,” said Alain Bellemare, Delta’s President - International. “With Alex’s leadership, we will [...]

Source: Iberia It will also take the Absolute Men's Basketball Team to Tbilisi and will resume its flights for the LaLiga teams In total, Iberia has scheduled more than 90 charter flights in August for different sporting events, to connect with cruise ships in cities, such as Bari, Hamburg, and Trieste, and also as part of its collaboration with Sama Travel in Egypt In August, Iberia, apart from its regular flight programme, will operate more than 90 charter flights; special flights contracted for specific routes and dates, which this month will be mostly focused on sporting events, cruises, and other vacation destinations.   A month “On Wheels” for Spanish sport On 19 August, La Vuelta 22 will begin, in Utrechtthis year, and will have its first three [...]

Source: United Airlines Launching in late 2022, new platform, United for Business Blueprint, to allow corporate customers to design travel programs to include offerings they value most – including United Corporate Preferred status, discounts on leisure travel for employees and more Airline will also launch new website later this year to make it easier for corporate customers who choose to book their business travel through united.com and the United app to enroll and manage travel United announces a new platform that will allow corporate customers to fully customize their business travel program contracts with the airline. This could include higher status in United's loyalty programs including United Corporate Preferred, the airline's loyalty program for corporate customers; options to make working [...]

Source: Delta Air Lines Delta Business is an all-encompassing travel brand featuring premium benefits, industry-leading services and award-winning account support to elevate every journey. Delta is rebranding its robust set of business travel tools, products and services under one, all-encompassing travel solution: Delta Business. Having all its business travel offerings under one name will provide a consolidated experience for Delta’s corporate and travel agency customers, reinforcing the value and benefits Delta provides across all aspects of its partnerships. By partnering with Delta Business, corporate and agency customers can take advantage of best-in-class services, premium benefits and award-winning account support—including offerings existing customers already enjoy and additional services rolling out soon. The first of many new offerings under the Delta Business [...]