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...
Tag : airlines
Delta, LATAM seek approval to operate codeshare routes
The airlines have applied to the Department of Transportation (DOT) for an approval...
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...
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...
IATA: Average airfare in Middle East to jump by 50%
This is mainly due to the social distancing measures adopted to fight the virus...
Colombian airlines Avianca files for bankruptcy
More than 80% of Avianca's income has been affected by the pandemic...
Singapore’s Temasek eyes stake in troubled Virgin Atlantic
Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group...
UN releases framework to lift economies, save jobs
The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection...
GoAir urges employees to go on indefinite leave without pay
GoAir will continue to pay a small section of employees on payroll to resume operations after the lockdown is lifted...
flydubai opens bookings for repatriation flights to 13 destinations
These flights are scheduled to operate between April 14 to April 22 from Dubai International Airport Terminal 2...