The airline said 23,500 employees have accepted buyouts, retired early or taken long-term leaves of absence, but that was not enough to avoid involuntary cuts

Qantas' head of domestic operations Andrew David said outsourcing ground handling jobs at the country's biggest airports would save an estimated A$100 million each year in operating costs

Virgin owed nearly A$7 billion ($4.76 billion) to creditors when it entered voluntary administration in April with its long-running financial struggles exacerbated by the coronavirus pandemic

The company is not a party to or involved in any proposal of InterGlobe Enterprises in relation to the sale of Virgin Australia, says InterGlobe Aviation

Virgin Australia, the second-largest Australian carrier, announced bankruptcy on April 21 in wake of coronavirus pandemic; InterGlobe Enterprises has signed agreement to participate in sale process and is bound by confidentiality requirements, says company

Currently, IndiGo has a two-way codeshare agreement with Turkish Airlines and a one-way codeshare partnership with Qatar Airways

In Jet's absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States.

On April 17, Jet Airways ran out of cash (and luck!) and temporarily halted its operations - first international, then domestic - after failing to secure additional funding from its lenders

Air Asia X was revealed to be the cheapest airline in the world.

India's low-cost carriers IndiGo and Air India Express have been ranked among the top five cheapest airlines in the world in providing international connectivity.

With share prices tumbling there are concerns among AirAsia staff that Fernandes was spending too much time away from the airline.

Apart from creating synergies between Jet and Etihad Airways, Gary K. Toomey has to steer the airline through a bitterly domestic competitive market where low-cost Malaysian airline AirAsia is expected to enter the skies soon.

Though the government has allowed foreign airlines to buy up to 49 per cent stake in Indian airlines, the debt-burdened airline may find it difficult to get a suitor.

World's cheapest airlines: Air India Express second in the global list