UK’s EasyJet raises $520 mn through a share sale
The stock offering equal to almost 15% of its existing share base...
Category : Aviation
Qatar Airways to reshuffle fleet, retire 777 aircraft
According to the carrier, the decision is part of a strategy to cut emissions...
Qatar Airways to defer aircraft delivery: CEO
The carrier will defer Airbus and Boeing aircraft deliveries due in 2020 and 2021...
Egypt set to resume regular commercial flight operations
IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021...
Vietnam Airlines to resume international operations in July
The carrier resumed all domestic operations earlier this month...
Cathay Airways set to receive $5 billion lifeline to avoid collapse
The struggling airline will sell HK$19.5 billion of preference shares along with HK$1.95 billion of warrants to the government...
Delta, LATAM seek approval to operate codeshare routes
The airlines have applied to the Department of Transportation (DOT) for an approval...
Hong Kong announces HK$30 bn bailout package for Cathay Pacific
This marks the first time the Hong Kong government has invested in a private company...
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...
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...