Delta to borrow $9 billion in largest airline debt deal ever
Delta Air Lines Inc. is raising $9 billion in the largest debt deal ever in the aviation industry, as the carrier garners massive investor support…
Airlines in India seek $1.5 billion in interest-free credit line
Airlines in India are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as…
British Airways says 10,000 jobs may be lost due to pandemic
British Airways is expecting to cut as many as 10,000 jobs due to the Covid-19 pandemic even as the airline reached deals or agreements in…
Boeing deception alleged in scathing House report on Max crashes
Sweeping failures by Boeing Co. engineers, deception by the company and significant errors in government oversight led to the two fatal crashes of the 737…
Pakistan crash pilots rusty after lockdown, safety head suggests
Europe’s top aviation-safety official said that pilot rustiness following global groundings at the height of the coronavirus crisis may have been a factor in the…
SpiceJet says Boeing Max compensation offer more than recognized
SpiceJet Ltd., one of the world’s biggest customers for Boeing Co.’s now-grounded 737 Max jets, said an interim offer of compensation from the U.S. planemaker…
Airbus offers exit bonus in bid to spur buyouts in France
Airbus SE is offering French employees a bonus of two months’ salary if they accept voluntary severance by the end of next month, stepping up…
Cathay job cuts inevitable as headwinds persist, Jefferies says
Cathay Pacific Airways Ltd. will inevitably cut jobs as it reshapes operations to cope with the devastating impact of the coronavirus pandemic, according to Jefferies…
Lockdowns halt Europe’s air-travel recovery, threaten jobs
The demise of Europe’s air-travel rebound and a fresh warning on jobs from Airbus SE are adding to evidence that the region’s aviation industry is…
U.S. Airlines report second quarter 2020 losses
U.S. scheduled passenger airlines reported a second-quarter 2020 after-tax net loss of $11.0 billion and a pre-tax operating loss of $16.2 billion.
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