Aviation FeaturedUK’s EasyJet raises $520 mn through a share salePritam BordoloiJune 26, 2020 by Pritam BordoloiJune 26, 2020 The stock offering equal to almost 15% of its existing share base... Read more
Aviation FeaturedCathay Airways set to receive $5 billion lifeline to avoid collapseInternational Finance Business DeskJune 11, 2020 by International Finance Business DeskJune 11, 2020 The struggling airline will sell HK$19.5 billion of preference shares along with HK$1.95 billion of warrants to the government... Read more
Aviation FeaturedDelta, LATAM seek approval to operate codeshare routesInternational Finance Business DeskJune 9, 2020June 9, 2020 by International Finance Business DeskJune 9, 2020June 9, 2020 The airlines have applied to the Department of Transportation (DOT) for an approval... Read more
Aviation FeaturedGlobal air passenger traffic drops by 94.3% in April: IATAPritam BordoloiJune 4, 2020 by Pritam BordoloiJune 4, 2020 According to IATA, it has not witnessed such decline in the history of IATA’s traffic series... Read more
Aviation FeaturedAirline debt to increase by 28% this year to $550 bn: IATAPritam BordoloiMay 27, 2020 by Pritam BordoloiMay 27, 2020 The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans... Read more
Aviation FeaturedIATA: Average airfare in Middle East to jump by 50%Pritam BordoloiMay 13, 2020May 13, 2020 by Pritam BordoloiMay 13, 2020May 13, 2020 This is mainly due to the social distancing measures adopted to fight the virus... Read more
Aviation FeaturedColombian airlines Avianca files for bankruptcyInternational Finance Business DeskMay 11, 2020May 11, 2020 by International Finance Business DeskMay 11, 2020May 11, 2020 More than 80% of Avianca's income has been affected by the pandemic... Read more
Aviation FeaturedSingapore’s Temasek eyes stake in troubled Virgin AtlanticPritam BordoloiMay 11, 2020May 11, 2020 by Pritam BordoloiMay 11, 2020May 11, 2020 Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group... Read more
Economy FeaturedUN releases framework to lift economies, save jobsPritam BordoloiApril 28, 2020April 28, 2020 by Pritam BordoloiApril 28, 2020April 28, 2020 The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection... Read more
Aviation FeaturedGoAir urges employees to go on indefinite leave without payInternational Finance Business DeskApril 21, 2020 by International Finance Business DeskApril 21, 2020 GoAir will continue to pay a small section of employees on payroll to resume operations after the lockdown is lifted... Read more