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KUALA LUMPUR: AirAsia X Bhd (AAX) has announced a group-wide debt and corporate restructuring scheme, as the cash-starved budget airline seeks to avoid liquidation.
SYDNEY: Qantas Airways Ltd is axing at least 20% of its workforce and intends to raise up to A$1.9 billion ($1.3 billion) of equity under a sweeping cost-saving plan prompted by the coronavirus pandemic.
PETALING JAYA: A sharp V-shaped recovery for the global air sector is unlikely given the severity of the coronavirus disease (Covid-19) pandemic though a U-shaped recovery with domestic travel returning faster than international may be possible.
SINGAPORE: Airbus SE has taken orders for more than 350 planes in Asia since August, streaks ahead of rival Boeing Co. as the U.S. planemaker struggles to revive its grounded 737 Max.
WASHINGTON: A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.
BOEING Co. said it might slow or halt production of its 737 MAX jetliner if regulators don’t approve its return to service by the end of this year.
NEW YORK: United Airlines Holdings Inc on Tuesday reported a bigger-than-expected increase in second-quarter profit, driven by strong air travel demand and the ability to charge more for seats after the grounding of Boeing Co's 737 MAX reduced capacity.