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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.
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.
DUBAI/HONG KONG: Emirates, the world’s largest long-haul airline, will suspend all of its passenger operations this week, in the latest concession to the coronavirus pandemic that has devastated global travel. Flights to all destinations will cease from March 25, Dubai-based Emirates said on Monday (March 23) in an email. Cargo service will remain in operations, the company said.
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).
HONG KONG (AFP): Asian markets sank Wednesday (March 18) as investors struggled to build on an early rally fuelled by global stimulus pledges, including a more than US$1 trillion package flagged by the United States.
ROME (Reuters) - Italy approved 25 billion euros of spending measures on Monday to help the fragile economy survive the onslaught of coronavirus as the death toll in Europe's worst-affected country jumped above 2,000.
LISBON (Reuters) - Portugal's flag carrier TAP on Monday suspended 2,500 flights scheduled for March-May, after cancelling 1,000 flights for this month and next on Thursday, citing a fall in demand for travel due to the coronavirus outbreak.
DALLAS: Back in September 2017, Doug Parker, the chief executive of American Airlines Group Inc., predicted clear financial skies ahead for the world’s largest carrier.
MILAN (Reuters) - Alitalia said on Sunday it was suspending national and international flights to and from Milan's Malpensa airport from March 9 after the government ordered a lockdown of large areas of northern Italy to stem coronavirus contagion.