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FRANKFURT: The German government has bristled at the European Commission’s antitrust demands on its €9bil (US$9.9bil) bailout of Deutsche Lufthansa AG, in a sign of rising tensions over the stalled aid package.
NEW YORK: Ryanair Holdings Plc is planning to rekindle growth after the coronavirus crisis by negotiating incentives with traffic-starved airports and betting on the return of Boeing Co’s beleaguered 737 Max.
SAO PAOLO: Latam Airlines Group, the continent’s largest carrier, filed for US bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganisation due to the coronavirus pandemic.
TOKYO: One notable industry yet to join the Asian equity rebound is airlines, hit especially hard by global restrictions on travel and tourism from the coronavirus pandemic
UNITED NATIONS: The WHO suspended trials of the drug that Donald Trump has promoted as a Covid-19 (coronavirus) defence, fuelling concerns about the US president's handling of the pandemic that has killed nearly 100,000 Americans.
FRANKFURT/BERLIN: Germany threw Lufthansa a 9 billion euro (US$9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline
FRANKFURT: Deutsche Lufthansa AG said it’s close to a multi-billion euro bailout deal that would see the state become its biggest shareholder after the coronavirus punctured a decades-long boom in air travel.
FRANKFURT: Deutsche Lufthansa AG’s management said the need for a multi-billion-euro coronavirus bailout was becoming “urgent”, as talks with the government in Berlin drag on.
HELSINKI AFP): Finland's national airline will restart routes between Europe and Asia in July once countries begin to lift coronavirus restrictions on travel, the company announced on Monday (May 18).
BRUSSELS: As the European Union lurches toward one of the worst slumps since the South Sea Bubble burst in 1720, EU regulators have adapted their playbook from more recent history to help salvage companies from the ravages of Covid-19.