Air Freight News
Southwest Air targets extra $2.6 billion with stock, bond sales
Southwest Airlines Co. is looking to raise about $2.6 billion by selling shares and convertible notes, stepping up a push to add liquidity as the…
SAS slashes 5,000 jobs in deepest cut at a European airline
Scandinavia’s biggest network airline, SAS AB, is eliminating as many as 5,000 jobs, marking the first permanent staff cuts by a major European carrier in…
Germany prepares to take stake in Lufthansa in bailout
Deutsche Lufthansa AG, locked in tense negotiations over terms of a multibillion-euro state bailout, is considering court protection as a last resort should the sides…
Virgin Australia bondholders in talks with Hogan Lovells
International law firm Hogan Lovells is holding discussions with some bondholders of distressed airline carrier Virgin Australia, ahead of a first creditors meeting set for…
ANA reports quarterly loss, scraps dividend with traffic halted
ANA Holdings Inc. reported a quarterly operating loss of 59 billion yen ($551 million) as it struggles with the near-total shutdown in global aviation to…
JetBlue will require customers to cover their faces for travel
JetBlue Airways Corp. will require customers to wear face coverings during travel, a first for U.S. carriers in the age of the coronavirus pandemic.
Vietnam Airlines to provide 2 direct US flights for Americans
National carrier Vietnam Airlines JSC will provide flights to San Francisco and Washington D.C. for Americans in early May, according to a posting on the…
Boeing plans to restart South Carolina 787 operations next week
Boeing Co. will resume 787 Dreamliner production at its South Carolina factory next week, after reactivating its manufacturing in the Seattle area earlier this month.
Southwest in discussions to raise new equity, debt
Southwest Airlines Co. is in talks with lenders about raising billions of dollars in new equity and debt to bolster its balance sheet to weather…
Turkey seeks to restart economy with domestic flights in May
Turkey is deliberating whether to start reopening its economy with the resumption of some domestic flights as early as mid-May, officials with direct knowledge of…