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HONG KONG (China Daily/Agencies) The Delta variant of Covid-19 is scything through aviation just as key markets were getting back on their feet.
DUBAI: Emirates Group was propped up by the Dubai government with a US$3.1bil (RM12.8bil) in cash infusion after a collapse in long-haul travel, the airline’s main business, led to its first loss in decades.
LONDON: Europe’s biggest airlines are seeking to deflect moves to tighten carbon curbs by favouring an increasingly discredited offsetting programme, according to climate watchdog InfluenceMap.
FOR all the optimism about travel restarting as vaccines are rolled out, airline stocks still have a way to go to make up the ground they lost in the pandemic. It may take signs of a recovery in long-haul flights for the sector to make further gains.
IN theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in the form of state-backed subsidies to boost favoured companies -- often as they themselves do the same.
HONG KONG (Bloomberg): The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt.
BERLIN: The prospect of bailing out more companies battered by the coronavirus pandemic is opening up a split in the German government, with free marketeers resisting a push for increased state intervention, according to people familiar with the matter.
HONG KONG (Bloomberg): United Nations humanitarian relief agency Unicef is looking to recruit some of the airline industry’s biggest operators to help distribute a coronavirus vaccine to the world’s poorest nations.