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FOR an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said yesterday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
Unprecedented collapse in air travel cripples industries
SYDNEY: Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
Growth will help to limit any increase in GIL ratio
PETALING JAYA: SMTrack Bhd has announced its diversification into commercial air transport operations and an issuance of redeemable convertible notes (RCNs).
KUALA LUMPUR: SMTrack Group Bhd has proposed to issue up to RM120mil in debt notes and to diversify its business, to include commercial air transport operations.
PETALING JAYA: As the United States races against time to launch a new economic stimulus ahead of the Nov 3 presidential poll, global stock markets, including Bursa Malaysia, are basking in improved investor optimism.
Will low-cost, long-haul airline AirAsia X be able to rise from the depths of its debt despair, or will the pandemic kick the last nail in?
AS the sole shareholder of the country’s national airline, Khazanah Nasional Bhd is on the brink of making a call on whether or not to provide another lifeline to Malaysia Airlines Bhd or simply skip out on the ailing carrier.