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SINGAPORE (The Straits Times/ANN): Singapore Airlines (SIA) aims to raise up to S$15 billion amid major financial challenges due to the Covid-19 pandemic which has hit the global air travel sector badly.
PETALING JAYA: The coronavirus (Covid-19) pandemic has put the three major local airlines into cash crunch as they are unable to generate enough money with ticket sales drying up. They have resorted to grounding aircraft, meaning they are unable to earn any ancillary income.
RIO DE JANEIRO/SAO PAULO (Reuters) - The coronavirus outbreak hammered Brazil on Wednesday, crushing local markets, infecting more members of the country's political elite and prompting loud protests against President Jair Bolsonaro, whose son waded into a diplomatic spat with China.
SYDNEY: As Boeing and other US aviation companies angle for billions in assistance, airlines and airport operators globally are suspending dividends, selling airplanes and flying cargo on passenger jets amid plunging demand caused by the pandemic.
WASHINGTON: Major U.S. airlines sought a government bailout of more than US$50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic.
BEIJING (Xinhua): China's civil aviation industry bore the brunt of the novel coronavirus pneumonia (Covid-19), as it suffered major losses in February, the biggest in a single month.
PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) operations may weaken further before improving, as the global aviation sector continues to face headwinds from rising Covid-19 cases
BRUSSELS (Reuters) - A majority of European citizens would support a ban on short-distance flights to fight climate change, according to a survey the European Investment Bank (EIB) said on Tuesday.
PETALING JAYA: Three local airlines are implementing pay cuts for some of their employees effective this month as they grapple to manage cost amid plunging demand brought about by the coronavirus disease (Covid-19).