Fitch downgrades Virgin Australia
Fitch Ratings has downgraded Virgin Australia Holdings Limited's long-term foreign-currency issuer default rating to 'CCC-' from 'B-' due to the increasing uncertainty around whether the airline will...
Fitch Ratings has downgraded Virgin Australia Holdings Limited's long-term foreign-currency issuer default rating to 'CCC-' from 'B-' due to the increasing uncertainty around whether the airline will...
The recovery of the US airline sector from the COVID-19 downturn is increasingly likely to be a “multi-year affair”, says JPMorgan aviation analyst Jamie Baker. “We are growing increasingly convinced ...
Rolls-Royce has invited a group of leading companies to collaborate on Emer2gent, a new alliance of data analytics experts challenged with finding new, faster ways of supporting businesses and governm...
UK infrastructure group Stobart is considering buying back regional airline Stobart Air and its leasing firm Propius from the administrators of Connect Airways, it said in a statement. Stobart Group s...
Not only is aviation facing the biggest slowdown in its history market players are expecting recovery to be equally slow paced, according to a survey of industry executives by consultants ICF. Accordi...
The continuing impact of COVID-19 is giving little relief for airline executives with ticket refunds keeping pace with new ticket sales globally, according to Matthew Tringham, chief strategy and prod...
Brazil carrier GOL has cancelled 34 737 MAX orders from Boeing and reached agreement on an unspecified amount of cash compensation from the US airframe maker. In the first quarter of 2019, the unexpec...
KfW and TUI have signed the state aid bridging loan for €1.8 billion. The loan had been committed by the German Federal Government on March 27, as part of the COVID-19 state support program. TUI's cur...
The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared t...
The US Treasury department has reached an agreement with the US airlines that will enable the sector to receive billions of dollars of aid to cover payroll costs during the coronavirus pandemic. The ...
Singapore Airlines has received in-principle approval from the Singapore Exchange (SGX) for its proposed rights issue amid the Covid-19 pandemic. SGX has allowed the listing and quotation of as many a...
Air Canada today said it is reconfiguring the cabins of three of its Boeing 777-300ER aircraft to give them additional cargo capacity. The first aircraft conversion is complete and is now in service, ...
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