Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

The first airline to be refused of a federal loan is Vanguard

Washington, USA

Vanguard Airlines has become the first US carrier to be refused a federal loan to help it through its financial problems. The Air Transport Safety Board said it cannot sanction a USD$13.5 million guarantee, as part of a USD$15 million loan, because Vanguard was unable to provide reasonable assurances that it could repay the money. Vanguard had initially asked the federal government in December...

AVIONEWS - World Aeronautical Press Agency - 29001
Rome, Italy, 05/29/2002 14:01
AVIONEWS - World Aeronautical Press Agency

Similar

AirlinesAirline maintenance: a record waiting time

Situation determined by various concomitant factors in the post-pandemic period

Maintenance demand for aircraft engines could peak in 2026 and remain limited until the end of 2030. The next increase in requests for aircraft repairs and inspections could occur at the end of 2030. This... more

AirlinesAir India is focusing on aircraft with latest generation interiors

The first A-320neo aircraft with a renovated cabin entered service in the last few hours

New livery and a completely renovated cabin with latest generation interiors. The first narrow-body aircraft of the national carrier Air India entered service in the last few hours. It is the A-320neo... more

AirlinesAirports in haywire (3): what's happening in Italy

Kurtz (Crowdstrike CEO): "Issue identified, fix applied"

Many delays in boarding operations, long queues at check-in and boarding gates, few canceled flight connections. These are the main effects of the IT failure that today, Friday 19 July 2024, affected numerous... more