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...
Tag : coronavirus
Siemens to supply equipment for Petronas’ Gas Field Development Project
The project is developed in the South China Sea, offshore Sarawak in Malaysia...
GCC nations to face the worst economic crisis in history, warns IIF
GDP of GCC nations to contract 4.4% this year...
Malaysia-based insurtech PolicyStreet secures $1.8 mn funding
The startup will use the funds to improve product offering, increase sales and also expand in new markets...
South African insurtech Inclusivity Solutions secures $1.3 mn funding
The funding will be used by the startup to expand in its new markets as well as new ones...
UK does not seek trade talk extension despite EU offer
Recently, the EU said it is open to delaying the end of the post-Brexit transition phase by up to two years...
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...
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...
Petronas to cut costs after Q1 profit slumps by 68%
Petronas will cut capex by 21pc and operating costs by 12pc this year...