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Southwest trims flying schedule after outcry

Bloomberg Southwest Airlines Co will reduce its flight schedule for the last four months of the year after employees assailed the discount carrier for understaffing operations during a summer marred by delays and cancellations. Average daily flights will fall by 27 to 3,304 from September 7 through October 6, Southwest said in an emailed statement. The carrier will cull an ...

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GoAir gets initial share sale nod from India’s market regulator

Bloomberg Go Airlines India has got the green light from the nation’s market regulator to raise 36 billion rupees ($485 million) through an initial public offering, according to a person familiar with the matter. GoAir’s share sale was put on hold in June by the Securities and Exchange Board of India (Sebi). The airline now expects to file a preliminary ...

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Interjet eyes comeback after $1.25b Mexico restructuring

Bloomberg A business plan that aims to put Mexico’s troubled Interjet back in the skies in 2022 is ready, according to the firm the airline hired to advise on restructuring $1.25 billion in debt. Argoss Partners submitted the plan to Interjet management at the end of July. It calls for debt forgiveness of over 90%, partial payment to workers, preliminary ...

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