Tue, 28-Jun-2022

Airlines

EasyJet Finances Still Under Review After $266 Milli...

British airline easyJet said it would continue to assess further funding opportunities after raising an extra $266 million from the sale and leaseback of aircraft, as the pandemic continues to wreak havoc on t... August 14, 2020 10:17 am By Neha Mule

ANA in Talks to Raise up to $4.7 Billion Capital fro...

Japanese airline company ANA Holdings Inc is in talks with multiple banks to raise capital of up to 500 billion yen ($4.7 billion) in the wake of the coronavirus-driven slump in air travel demand, the Nikkei b... August 13, 2020 10:07 am By Neha Mule

Cathay Forecasts Weak Passenger Demand but Stronger ...

Hong Kong’s Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic after posting a record first-half loss, but signalled a... August 12, 2020 11:27 am By Neha Mule

IAG and American Express Extend Global Partnership

British Airways-owner International Airlines Group (IAG) said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline’s finances a... July 24, 2020 10:14 am By Neha Mule

Silk Way West Airlines Continues Multi-Year “Strat...

Silk Way West Airlines has confirmed a five-year ULD (Unit Load Device) agreement extension with ACL Airshop, an international service partner for outsourced ULD management and customized logistics solutions,... July 23, 2020 8:55 am By Neha Mule

Cathay Pacific Flags $1.3 Billion First-half Loss as...

Hong Kong’s Cathay Pacific Airways Ltd. expects a first-half net loss of HK$9.9 billion (£1.03 billion), including impairment charges on 16 planes, the airline said on Friday, as the coronavirus pandemic cr... July 17, 2020 3:23 pm By Neha Mule

Virgin Atlantic Agrees Private-only $1.5 Billion Res...

British airline Virgin Atlantic said on Tuesday it had agreed a private-only rescue deal with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus cris... July 14, 2020 1:58 pm By Neha Mule

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