Aircraft Demand: Airline Distress & Consolidation News

Bloomberg • Angus Whitley

Qantas Group to Close Jetstar Asia as It Refocuses on ANZ Core Markets

Qantas Group will close Jetstar Asia, its Singapore-based low-cost carrier, by end-July, citing rising supplier costs, hefty airport fees and intense regional competition. The move forms part of a strategic restructure to concentrate on its Australia and New Zealand core markets and bolster profitability amid market headwinds.

2025-06-10T17:31:50.040559-07:00

wtsp.com

Silver Airways abruptly halts all flights and ceases operations after restructuring collapse

2025-06-10T22:46:01.807083-07:00

Reuters

Azul Files for Chapter 11 Bankruptcy to Halve Debt While Maintaining Operations

2025-05-28T03:50:51.885812-07:00

Reuters

Turkish Airlines Opens Non-Binding Talks for Minority Stake in Air Europa

2025-06-23T17:19:15.476063-07:00

Aircraft Demand: Airline Distress & Consolidation News Timeline

FlightGlobal

Argentum Airways to Acquire Silver Airways AOC and Restart Regional Network Argentum Airways, a newly formed private-equity backed carrier, has filed to acquire Silver Airways’ air operator certificate following Silver’s abrupt shutdown in June. The deal paves the way for Argentum to restart scheduled services across Silver’s former Southeast US and Caribbean network, with plans to extend operations to Alaska.

2025-08-07T13:38:57.094762-07:00

Argentum Airways to Acquire Silver Airways AOC and Restart Regional Network

Reuters

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Lufthansa quits Air Europa stake race as Turkish Airlines prepares binding bid Lufthansa Group has officially withdrawn from negotiations to acquire a minority stake in Spain’s Air Europa, leaving Turkish Airlines as the only remaining contender. Turkish Airlines said on Wednesday it is preparing a binding offer to secure a stake in the leisure carrier.

2025-08-06T10:19:58.518340-07:00

Lufthansa quits Air Europa stake race as Turkish Airlines prepares binding bid

ch-aviation

Portugal absorbs $34.4 million hit from TAP bond default Portugal is set to absorb a $34.4 million loss after TAP Air Portugal defaulted on its bonds, underscoring the financial strain on the flag carrier and adding to the state’s fiscal burden as it preps for a renewed privatisation drive.

2025-08-01T07:50:16.982981-07:00

Portugal absorbs $34.4 million hit from TAP bond default

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Silver Airways moves to Chapter 7 liquidation after failed restructuring US regional carrier Silver Airways has filed for Chapter 7 liquidation in Delaware bankruptcy court, marking the end of its Chapter 11 restructuring and permanent closure of its turboprop and regional jet operations. The move initiates asset sales to satisfy creditors and closes service lines from Florida to Alaska.

2025-07-29T13:13:36.039808-07:00

Silver Airways moves to Chapter 7 liquidation after failed restructuring

ch-aviation

Azul wins US court approval for $1.6 billion Chapter 11 DIP financing The US Bankruptcy Court in New York has approved Azul’s $1.6 billion debtor-in-possession financing, securing backing from key creditors and paving the way for the Brazilian carrier’s debt restructuring under Chapter 11 protection. The package will support Azul through its court-supervised turnaround as it reorganizes operations and balance sheet obligations.

2025-07-28T04:30:35.955184-07:00

Azul wins US court approval for $1.6 billion Chapter 11 DIP financing

ch-aviation

Azores Airlines Faces Government Ultimatum to Privatisation or Liquidation Portugal’s government has put its loss-making Azores Airlines on notice, saying it must attract private investors or face liquidation, highlighting fiscal pressures on the autonomous region’s state-owned carrier and threatening future connectivity to the archipelago. The parliamentary motion signals a major shake-up for an airline vital to tourism and services.

2025-07-24T03:47:34.800847-07:00

Azores Airlines Faces Government Ultimatum to Privatisation or Liquidation

FreightWaves

Northern Air Cargo Pulls out of Caribbean and LAX–HNL Freighter Routes, Cuts Staff to Refocus on Alaska and Hawaii Northern Air Cargo is withdrawing its Boeing 747 and 767 freighter services from the Caribbean and the Los Angeles–Honolulu lane, trimming staff and refocusing its network on smaller turboprop and narrowbody operations across Alaska and inter-island Hawaii to reduce costs and boost profitability.

2025-07-23T06:36:16.550953-07:00

Northern Air Cargo Pulls out of Caribbean and LAX–HNL Freighter Routes, Cuts Staff to Refocus on Alaska and Hawaii

hoodline.com

Hawaiian Airlines to Issue WARN Notices to 252 Nonunion Staff Amid Alaska Merger Alaska Air Group will issue WARN notices to 252 nonunion Hawaiian Airlines employees this fall as part of its integration strategy. It plans to hire 800 unionized workers to support expanded operations in Hawaii under the merger.

2025-07-21T22:00:01.696078-07:00

Hawaiian Airlines to Issue WARN Notices to 252 Nonunion Staff Amid Alaska Merger

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