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PARIS: Air France-KLM raised €1.04bil (US$1.25bil or RM5.12bil) through a share issue that saw the French government’s holding in the struggling airline increase to 28.6%, more than triple that of the Netherlands.
BRUSSELS: The European Commission approved on Tuesday a French proposal to grant up to 4 billion euros ($4.72 billion) to recapitalise virus-hit Air France KLM in return for giving up to 18 slots per day at Paris Orly airport to a rival carrier.
IS: Europe's airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled COVID-19 vaccine rollout, resurgent infections and new lockdowns.
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.
PARIS (Reuters) - Border restrictions introduced by France to curb the spread of coronavirus variants have halved air passenger numbers in the past week, the transport minister said on Sunday, defending the government's avoidance of a new lockdown.
AMSTERDAM (Reuters) - The Dutch government on Wednesday proposed the first nationwide curfew since World War Two and a ban on flights from South Africa and Britain in its toughest moves yet to limit the spread of coronavirus in the Netherlands.
BEIJNG (China Daily/ANN): China has become the largest trading partner of the European Union, with trade volume between the two sides increasing 5.3 percent to 4.5 trillion yuan (U$695.50 billion) in 2020, according to the latest customs data released on Thursday (Jan 14).
HONG KONG (Bloomberg): The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt.
DOVER, England (Reuters) - Countries across the globe shut their borders to Britain on Monday due to fears about a highly infectious new coronavirus strain, causing travel chaos and raising the prospect of food shortages days before Britain is set to leave the European Union.