South Africa raises bailout for stricken airline to $1.1 billion
South Africa almost doubled the level of funding for the national airline to 16.4 billion rand ($1.1 billion), cash that will go toward supporting a…
Levi’s CEO urges innovation in addressing RILA conference
Innovation is critical to the success of retailers at a time when consumers may well be buying less, according to the top executive of Levi…
Heathrow says halting new runway would be ‘financial suicide’
London Heathrow airport stepped up its defense of a $20 billion third runway, saying a government decision to block the project would amount to “financial…
South Korea’s virus-hit currency may heighten Trump’s ire
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Boeing dangles funds for Max simulator sessions ahead of return
Boeing Co. is in talks with prominent customers about funding simulator training on the 737 Max once it’s cleared to fly again, in a bid…
Jet Air creditors to ask curt to extend liquidation deadline
Creditors of Jet Airways India Ltd. are seeking court action to save the bankrupt carrier from liquidation as a key deadline looms.
Lufthansa freezes hiring as coronavirus outbreak squeezes demand
Deutsche Lufthansa AG is adopting a package of cost-saving measures, including a hiring freeze, as the economic fallout of the coronavirus starts to bite. The…
Johnson’s freeport idea is full of holes
British freeports wouldn’t be the same as America’s Foreign-Trade Zones. It’s far from clear that the costs would be worth it for business and the…
Crisis-hit Cathay says 25,000 staff to take unpaid leave
More than 25,000 Cathay Pacific Airways Ltd. staff are taking unpaid leave, underscoring the depth of the airline’s troubles as it contends with the coronavirus.
Jet fuel’s luster tarnished by virus with demand in doubt
Once the demand star among oil products, the coronavirus has pushed jet fuel to the bottom of the barrel in the near term at least.
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