A report into the collapse of a UK domestic airline has revealed that administrators are in discussions with a preferred bidder, but a shortfall to creditors is expected.
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Its largest creditor is its sister company, Air Kilroe, which owns the aircraft and CAA licenses, with a debt of around £21m, as all financial transactions were handled by Eastern Airways Ltd since ...
The identity of the preferred bidder has not been revealed but the deal could pave the way for Air Kilroe to keep operating ...
SAFFA Fund I, LP ("SAFFA"), an investment fund managed by Burnham Sterling Asset Management LLC ("BSAM") with an objective to ...
Insolvency specialists handling the collapse of Eastern Airways are hopeful the carrier can live on, at least in some form, ...
Scottish carrier Loganair has been named as the UK’s most punctual major airline in 2025, based on new analysis of Civil ...
Simon Calder answers your questions on delays in Amsterdam, trips to Sicily and New York State and an extended two-month ...
Two planes were spotted circling side-by-side above Southampton as fog caused visibility issues at the airport this morning.
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Virgin Atlantic’s prices have climbed by 38%, with extra-legroom seats that previously cost about £40 each way now starting ...
Thousands of passengers have been hit by the latest round of disruption at Birmingham airport – this time involving air ...