Hong Kong February exports unexpectedly rise despite virus
Hong Kong’s exports rose unexpectedly in February after plunging the most in more than a decade the previous month as the impact of the escalating…
Activist fund offers to buy Delta’s 15% stake in Hanjin Kal
The activist fund that’s become Hanjin Kal Corp.’s single largest shareholder said it proposed to buy all the South Korean company’s shares held by Delta…
Qatar Airways’ revenue sinks, plans to keep flying
Qatar Airways, which is continuing to operate a third of its normal schedule, has taken a “huge hit” from the coronavirus.
U.S. Airline Bailout Offers Loans and Cash-for-Equity Aid
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give the government an option for an ownership stake,…
Senate passes $2 trillion virus rescue plan; sends bill to House
The U.S. Senate approved a historic $2 trillion rescue plan to respond to the economic and health crisis caused by the coronavirus pandemic, putting pressure…
Desperate airlines swap passengers for cargo to stay afloat
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones…
Boeing, suppliers near $60 billion US lifeline for aerospace
Boeing Co. and its suppliers are closing in on a federal rescue that would provide at least $60 billion to help ride out the coronavirus…
Airlines seen spurning US loans now with other funds handy
U.S. airlines probably will avoid applying for some $25 billion in loans under a federal aid package designed to help them survive the collapse in…
Winners and losers in Congress’s $2 trillion virus rescue plan
Days of negotiations between the Trump administration and Congress -- and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak -- has…
Desperate airlines switch passengers for cargo to stay alive
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones…
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