Air Freight News
South African Airways bailout plans emerge from private investors
South Africa’s government received proposals from private financiers interested in investing in a restructured state airline.
American Airlines to raise $2 billion from share, convertible sale
American Airlines Group Inc. is set to raise $2 billion selling shares and convertible bonds after increasing the size of both offerings, according to people…
Germany dares Lufthansa’s billionaire top shareholder to scuttle bailout
Germany stood by its 9 billion-euro ($10 billion) bailout plan for Deutsche Lufthansa AG, daring the airline’s disgruntled top shareholder to shoot it down at…
Qatar Airways global network increases to more than 270 weekly flights to over 45 destinations
The national carrier of the State of Qatar continues to maintain its position as the largest international carrier in the world, operating over 270 weekly…
Aeroflot Group announced operating results for May 2020
Aeroflot PJSC announced operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for May and 5M 2020[1]. 5M 2020 Operating…
Lufthansa’s Fate Will Affect Thousands of German Savers Holding Its Debt
The outcome of a proposed bailout of flag carrier Deutsche Lufthansa AG that’s meeting resistance from its largest shareholder, will impact the savings of thousands…
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Final Virgin Australia Bids a Key Test for Ailing Airlines
The final bids for Virgin Australia Holdings Ltd. will show how much appetite private investors really have for an airline industry that’s been battered by…
U.S. Rejects Additional Flights Sought by Chinese Airlines
U.S. officials rejected additional flights proposed by Chinese airlines but said they would reconsider if the Beijing government adjusts its policies affecting American passenger carriers.
American Air Braces Balance Sheet With $3.5 Billion in Financing
American Airlines Group Inc. braced its balance sheet with $3.5 billion in new financing, diverging from its recent reliance on federal aid as the coronavirus…
United Air Is Said to Ready $5 Billion Debt Sale for Next Week
A group of banks led by Goldman Sachs Group Inc. may launch a $5 billion debt offering for United Airlines Holdings Inc. as soon as…