Delta Air Lines Seeks $3 Billion in Bonds, Loan Amid Travel Halt
Delta Air Lines Inc. is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the…
Virgin Atlantic’s Co-Owner Raises Specter of Administration
The co-owner of struggling Virgin Atlantic Airways Ltd. said it’s unable to invest more and raised the possibility that Richard Branson’s U.K. airline could face…
Virgin Atlantic resumes Shanghai cargo services
Virgin Atlantic Cargo has become the first British airline to resume scheduled services to China, operating three flights a week from Heathrow Airport to Shanghai.
Delta Air Targets 50% Cut in Daily Cash Burn by End of June
Delta Air Lines Inc. vowed to cut its daily cash burn in half by the end of June as the carrier rushes to scale back…
EU’s Next Move in Airbus-Boeing Feud Clouded by Pandemic
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Cash-Strapped Airlines Ignore India’s Order to Not Sell Tickets
India ordered airlines this week to stop selling tickets. Hardly any listened.
United Raises $1 Billion Via First U.S. Airline Share Sale
United Airlines Holdings Inc. raised $1 billion by selling new shares, stepping up efforts to increase capital to survive a collapse in travel demand.
Denied a Bailout, Virgin Australia a Warning for Other Airlines
The collapse of Virgin Australia Holdings Ltd. after the briefest of fights indicates the world’s weakest airlines have little time to secure funds before they…
Virgin Atlantic delivers 3.5 million items of PPE and medical supplies to the UK from China
In partnership with the Department of Health and Social Care and the NHS, Virgin Atlantic has so far operated five cargo-only flights from Shanghai to…
Passenger planes carry cargo to Munich
To do its part in addressing the covid-19 crisis, Lufthansa is currently operating two daily flights carrying protective equipment from China to Munich Airport with…
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