Airlines Raise More Than $17 Billion From Banks in Weeks
Airlines worldwide raised more than $17 billion in bank loans in March to shore up their finances amid the coronavirus outbreak.
The Global Oil Market Is Broken, Drowning in Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
Thai Airlines to Seek $491 Million Government Bailout, Post Says
Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported.
Coronavirus: Carnival Corporation offers up to 15 ships for floating hospitals at U.S. & foreign ports
Carnival Corporation has offered up to 15 cruise ships to be deployed as possible hospital ships for non-Coronavirus – COVID-19 - hospital patients, according to…
Russia Wants to Limit Grain Exports to Protect Food Supplies
Russia, the world’s biggest wheat exporter, proposed limiting grain shipments to protect its own food security in the face of the spreading coronavirus pandemic.
The Coronavirus Is Squeezing Aerospace Beyond Boeing and Airbus
As the coronavirus outbreak wipes out demand for air travel, the impact has spread beyond airlines and planemakers Airbus SE and Boeing Co., endangering the…
Munich Airport in crisis mode
Due to the travel restrictions and the drastic reductions in available flights resulting from the coronavirus pandemic, Munich Airport is currently experiencing massive decreases in…
Ratings Outlooks On U.S. Transportation Infrastructure Issuers Revised To Negative Due To COVID-19 Pandemic
S&P Global Ratings today revised to negative the outlooks on nearly all long-term debt ratings in the U.S. transportation infrastructure sector due to the severe…
Munich Airport releases annual results
The significant rise in passenger traffic seen last year matches the strong financial results posted by Flughafen München GmbH (FMG) in 2019. Based on preliminary…
C.H. Robinson smoothly transfer a transformer
The project logistics team at C.H. Robinson was recently involved in relocating an electrical transformer from a decommissioned turbine farm to serve as backup to…
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