Kenya to Lend Ailing Airline $49.5 Million, Mulls Restructuring
Kenya’s government agreed to loan its cash-strapped national carrier 5 billion shillings ($49.5 million) for working capital and to enable it carry out a scheduled…
South African Airways rescuers get extra month to make plan
Administrators for South Africa’s loss-making state airline have been given an extra month to complete a turnaround plan.
Turkey completes growth comeback after recession
Turkey’s economy capped its turnaround after a recession thanks to a mix of stimulus policies that combined interest-rate cuts and a spending splurge.
Sharp jump in China flight searches suggests virus fear ebbing
Travel agency Tongcheng-Elong Holdings Ltd. said there’s a growing belief that the coronavirus outbreak is being better contained in China because the number of searches…
Upbeat Rolls-Royce says it’s finally getting over engine woes
Rolls-Royce Holdings Plc said it’s getting a grip on cost overruns from Boeing Co. 787 engines that have blighted earnings and cash flow in recent…
British Airways ditches profit outlook with travel in retreat
British Airways parent IAG SA said it couldn’t provide an earnings forecast this year, because weakened demand in Asia has now rippled across to Europe,…
Airbus says thousands of jobs at risk over Eurofighter order
Airbus SE risks losing thousands of jobs if the German government fails to replace the Tornado with its Eurofighter aircraft, Augsburger Allgemeine reported.
South Africa could lose out on tariffs under Africa Trade Deal
South Africa risks forfeiting tariffs on about 70 billion rand ($4.5 billion) worth of trade when a continent-wide free-trade agreement kicks in, according to the…
Truckers would appreciate it if you drove more carefully
Fatal trucking accidents are on the rise, and cars are usually to blame.
Commencement of joint research on the development of digital twin model for the vessel main engine
Mitsui O.S.K. Lines, Ltd. today announced that it has signed a contract with the National Institute of Maritime, Port and Aviation Technology (MPAT), National Maritime…
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