Singapore Airlines secures additional $1 bn in credit facilities
This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis...
Category : Aviation
Global air passenger traffic drops by 94.3% in April: IATA
According to IATA, it has not witnessed such decline in the history of IATA’s traffic series...
Thai Cabinet approves $9 bn Eastern Airport City Project at U-tapao
BBS consortium, which comprises Sino-Thai Engineering and Construction, Bangkok Airways and BTS Group Holdings won the bid...
Kenya Airways records a 12% increase in revenue for 2019
This is attributed to the expansion of the network, improved passenger, cargo, ancillaries, and other revenue streams...
Kenya Airways to suffer net loss of Sh12.98 bn in 2020
The carrier attributes its poor performance to the adoption of IFRS 16 last year...
Thai Airways’ bankruptcy petition gets accepted
The carrier has hired five planners to plan its rehabilitation process...
Lufthansa accepts $9.8 bn rescue deal from Berlin
With that, Berlin's government would become a shareholder with a 20% stake in the airline...
Airline debt to increase by 28% this year to $550 bn: IATA
The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans...
Thai Airways to let go more than 6000 employees
Cabinet decides to restructure the carrier as per the bankruptcy act...
Dnata, Etihad Airways partner to promote Abu Dhabi
The new partnership will enable Dnata to gain a competitive advantage and develop an extensive portfolio of brands...