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FRANKFURT: Deutsche Lufthansa AG spent the last two decades forging a business empire that stretched across the wealthiest countries of continental Europe. Forced into retreat by the coronavirus crisis, it’s now bogged down by ties to four governments as it seeks a multi-billion euro bailout.
Firm needs to gauge how much scaling back is too much
The world’s largest leisure travel company is calling on other cruise liner companies to offer up their empty, docked cruise ships to governments and health authorities as temporary hospitals, should the need arise.
SYDNEY: An ugly feud is escalating between Qantas Airways Ltd. and its closest Australian competitor over the ethics of state aid, just as airlines facing collapse around the world race to secure bailouts.
FACED with an industry heading toward a wave of bankruptcies, an investor’s first instinct is often turning to the first three pages of the financial statements.
ZURICH (Reuters) - Austrian tourists who flew overseas in recent days or who try to cancel emergency return flights to extend vacations are "extremely negligent", Foreign Minister Alexander Schallenberg said on Sunday, urging travel limits to halt the coronavirus.
BERLIN/FRANKFURT (Reuters) - Germany will protect domestic firms from foreign takeovers, two leading politicians said on Friday, after company valuations in Europe's largest economy have been hammered by the coronavirus pandemic.
ZURICH: Deutsche Lufthansa AG will cut 95% of capacity, grounding 700 planes, as Europe’s biggest airline confronts the deepening crisis around the coronavirus pandemic.
MONTREAL: The global airline industry needs government aid and bailout measures totalling between US$150bil and US$200bil if it’s to survive the coronavirus crisis, according to the International Air Transport Association (IATA).