Airlines’ debt pile hits $340 billion as Covid chokes travel
Airlines are piling on more debt as surging coronavirus cases force travelers to cancel plans and stay home.
Pilot error, systemic failure likely caused Air India crash
Pilot error and systemic failures probably led to the crash of an Air India Express jet last year that killed 21 people, investigators said in…
Sri Lanka is running out of money for imports as delta rages
Sri Lanka’s dwindling foreign exchange reserves risk spiraling into a crisis that could force the South Asian nation to tighten policy more aggressively and seek…
Sydney Airport’s biggest investor lauds sweetened $17.4 billion offer
The largest shareholder of Sydney Airport has praised a sweetened offer from a consortium of bidders that’s seeking to take the asset private at a…
Shanghai to cancel most flights, shut schools due to typhoon
Shanghai will cancel most flights and shut some schools Monday and Tuesday as Typhoon Chanthu approaches China’s financial capital and major shipping hub.
Sydney Airport opens books after sweetened $17.4 billion bid
Sydney Airport will open its books to a group of suitors after they sweetened their takeover offer to A$23.6 billion ($17.4 billion).
HNA Group finds investors for airline, airport businesses
The administrators of HNA Group’s debt restructuring program have decided on strategic investors for the Chinese conglomerate’s airline and airport businesses.
Italy’s new airline may claim Alitalia brand in time for debut
Italy’s new state-backed airline, Italia Trasporto Aereo SpA, will seek to buy the Alitalia name in time for its start of service in mid-October, according…
FAA awards $100M to develop next generation of sustainable aircraft technology
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) has awarded more than $100 million for companies to help develop technologies that reduce fuel use,…
Port of Halifax welcomes direct call with India through MSC Indus 2 Service
The Port of Halifax will receive the first direct call between the West Coast of India and a Canadian port when the maiden call of…
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