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Virgin Australia to cut workforce
SYDNEY: Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator under prospective new owner Bain Capital.
Virgin Atlantic Airways seeks US bankruptcy protection
WASHINGTON/LONDON/SYDNEY: Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
Luang Prabang among top five Asian cities for tourists
WORLD heritage-listed Luang Prabang has once again shone on the global tourism stage after being voted among the 15 best cities to visit in Asia by readers of a US-based travel magazine.
Luang Prabang named among top five Asian cities for tourists
VIENTIANE (Vietiane Times/ANN): World heritage-listed Luang Prabang has once again shone on the global tourism stage after being voted among the 15 best cities to visit in Asia by readers of a US-based travel magazine.
Qantas’ deal with Afterpay
SYDNEY: Qantas Airways and Afterpay Ltd said on Monday they had agreed to allow users of the airline’s frequent flyer programme to benefit by using the buy-now-pay-later firm’s payment platform.
Cathay Pacific considers drier storage options
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.
Bain buys Virgin Australia in bold bet on shattered industry
BAIN Capital LP agreed to buy collapsed Virgin Australia Holdings Ltd. in one of the biggest single bets on the airline industry since it was shattered by the coronavirus pandemic.
Qantas to raise US$1.3bil and cut 6,000 jobs
This comes as Aussie airline moves to survive virus impact
Stocks sell-off as coronavirus surge knocks recovery hopes
SINGAPORE/NEW YORK: Asia's stock markets slipped, bonds rose and the U.S. dollar was firm on Thursday as surging U.S. coronavirus cases, global trade tensions and an International Monetary Fund downgrade to economic projections knocked confidence in a recovery.
