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The Hong Kong Government will take a 6% stake in Cathay Pacific; equipping the airline with a combined total of approximately HK$31 billion ($4 billion) in shares and a loan. The move comes as part of the flag carrier’s HK$39 billion ($5.03 billion) recapitalisation process. For more information Visit: https://samchui.com/2020/06/09/hong-kong-government-takes-ownership-stake-and-extends-lifelines-to-cathay-pacific/

Virgin Australia's administrator, Deloitte, has shortlisted the final two bids for the now collapsed airline. Five non-binding indicative proposals were received on Friday, and they have now been further short-listed to two preferred bidders. Both Bain Capital and Cyrus Capital Partners are well-funded, have deep aviation experience, and they see real value in the business and its future. Final bids are due on 12th June. For more information Visit: https://samchui.com/2020/06/03/virgin-australia-administrator-picks-final-two-bids-for-relaunch/

Resumption of 737 MAX Production - Boeing said the resumption of their troubled 737 MAX plane will be at a low rate. as the company “implements more than a dozen initiatives focused on enhancing workplace safety and product quality”. Boeing did not specify how many planes would be built per month, but they did say they would “ramp up production this year”. For More Information Visit: https://samchui.com/2020/05/28/boeing-resumes-737-max-production-also-begins-layoffs/

A Volga Dnepr Antonov AN-124-100 suffered severe damage on the nose cone due to lightning strike while on approach to Krasnojarsk, Russia. From this video you can see the aircraft being hit by the lightning: https://samchui.com/2020/05/28/lightning-strike-damages-volga-dnepr-an-124/

Via SamChui.com

Via SamChui.com