Air Freight News
Senate virus stimulus deal drops airline carbon emissions limits
The bipartisan deal reached on the next coronavirus stimulus bill abandoned a last-ditch effort by House Speaker Nancy Pelosi (D-Calif.) to force U.S. airlines getting…
Botswana elephants win a reprieve as virus keeps hunters at home
Botswana’s controversial plan to resume elephant hunting has been largely thwarted by the global coronavirus pandemic, winning many of the 277 animals earmarked to be…
Airline bailout combines loans with cash-for-equity assistance
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the…
With airlines grounded, an auction for pollution permits fails
Airlines pulled back from bidding in the European Union’s auction for permits covering greenhouse gas pollution, another indication that demand for energy is dropping rapidly.
Gold in historic squeeze as virus snarls trade and spurs demand
An extraordinary squeeze in the gold market has forced the main U.S. exchange to take action as the global pandemic shuts down physical trading routes…
Click to Read More
Virgin Australia stops all flights except essential services
Virgin Australia Holdings Ltd. furloughed 80% of its 10,000-strong workforce and said it will only keep flying for essential services as restrictions due to the…
Click to Read More
Delta Air Lines downgraded to junk at S&P on travel drop
Delta Air Lines Inc. lost its coveted investment-grade status from one rater as S&P Global Ratings cut the company to junk.
With airplanes grounded, market tests pollution credit demand
An auction for carbon allowances on Wednesday will indicate how many permits airlines still need.
Worst-hit airlines badly need the cash that Latin America lacks
It’s hard to spot a plane these days in the skies over Latin America. Unfortunately for the region’s carriers, concrete signs of a rescue package…
Norwegian Air buys time by unlocking $27 million of state aid
Norwegian Air Shuttle ASA, the indebted low-cost carrier fighting for survival, bought itself some time as it managed to unlock the first, tiny slice of…