Aviation FeaturedSingapore Airlines secures additional $1 bn in credit facilitiesPritam BordoloiJune 8, 2020 by Pritam BordoloiJune 8, 2020 This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis... 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
Economy FeaturedHong Kong’s unemployment rate highest in over a decade at 5.2%Pritam BordoloiMay 20, 2020 by Pritam BordoloiMay 20, 2020 The underemployment rate hit 3.1%, the highest in more than 15 years... Read more
Aviation FeaturedEgyptAir to receive $127.39 mn to weather coronavirus crisisPritam BordoloiMay 18, 2020 by Pritam BordoloiMay 18, 2020 The government will support the carrier until it returns to 80% of its 2019 operation... Read more
Aviation FeaturedQatar Airways in talks to postpone aircraft purchasePritam BordoloiMay 14, 2020 by Pritam BordoloiMay 14, 2020 The carrier is in talks with Boeing and Airbus to defer orders for several years... 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 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
Aviation FeaturedMidEast and APAC aviation sector to lose $36.4 bn in revenuePritam BordoloiMay 5, 2020 by Pritam BordoloiMay 5, 2020 The estimated losses are 10% higher than previously forecasted, according to Airports Council International (ACI)... Read more
Aviation FeaturedThai Airways seeks $1.8 bn loan to deal with coronavirus crisisPritam BordoloiMay 1, 2020 by Pritam BordoloiMay 1, 2020 The carrier plans to raise 77.04 bn baht in capital by issuing new shares later this year... Read more