Singapore Airlines raises S$19 bn to survive the coronavirus crisis
The airlines’ biggest shareholder Temasek will underwrite the sale of shares and convertible bonds for up to S$15 bn...
Tag : aviation
Etihad Airways cuts staff and executives salaries up to 50%
This move will help the airline to cope with the negative impact of the coronavirus pandemic...
72 airlines cut capacity by 100% amid Coronavirus outbreak
85% of the global airlines have made capacity cuts of 60% or more as Covid-19 spreads...
Kenya Airways to ground 90 percent of its fleet following Coronavirus threat
Kenya Airways has suspended international flights and plans to restrict operations for domestic flights following a state order...
IATA: African airlines lost $4.4 bn in revenue due to Covid-19 pandemic
Flights between China and Africa increased by 630% in the last decade, however all flights to China are now suspended...
South African Airways cancels 162 flights till March end
The carrier cancelled 38 international flights and 124 domestic flights...
IATA: Airlines need $250 bn bailout package to survive Covid-19 outbreak
Global air travel down by 94 percent...
Who will bring the world to Africa?
With South African Airways collapsing into bankruptcy, the fight for dominance among African airlines has one clear winner – Ethiopian Airlines...
Emirates suspends flights to 30 destinations amid Covid-19 pandemic
The carrier will stop flying to Turkey, Jordan, Lebanon, Iraq, Cyprus, Malta and Portugal...
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...