ARC NEWS
Virgin promotes executive to commercial chief
January 05, 2026
Virgin Atlantic has promoted David Geer to the position of commercial chief. Geer states in a LinkedIn post that he assumed the role on 1 January will be leading the carrier's teams across network and alliances, revenue management, global sales, distribution, Virgin Atlantic Holidays, cargo and e-commerce. His profile on the professional networking site shows he has been employed by the UK carrier for more than eight years and prior to that he was interim managing director at Virgin Holidays.


Air Nostrum repays €20 million of state loan early
January 02, 2026
Air Nostrum has made an early repayment of €21 million ($25 million) in state loans provided to it amid the pandemic. The Spanish carrier says that the advanced payment to SEPI includes almost €900,000 in interest and reduces the principal of a €111 million equity loan that was granted to it amid Covid-19. Air Nostrum says that under a restructuring of the repayment terms in December 2024, it was agreed that all the principal and the remaining interest would be amortised in a single payment in 2028. Following the early repayment that was just completed, the airline says the outstanding principal amount has been reduced to €91 million.


Cathay's new chair to assume role in May
January 02, 2026
Cathay Group's incoming chair Guy Bradley will take up the position on 13 May 2026. He replaces Patrick Healy, who is stepping down on 13 May and will retire from parent Swire Group on 31 May, Cathay Pacific confirmed on 23 December. Healy has chaired Cathay for six years, navigating the Hong Kong airline group through the Covid crisis. Bradley, meanwhile, currently chairs Swire Pacific and is a director of Cathay Pacific. He has been with Swire Group since 1987.


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