Indonesia readies $1.4 billion Garuda bailout
Indonesia is finalising a US$1 billion (S$1.4 billion) financial bailout plan for its flag carrier to help it stave off a debt default due to COVID 19 forcing it to ground most of its planes. The resc...
Indonesia is finalising a US$1 billion (S$1.4 billion) financial bailout plan for its flag carrier to help it stave off a debt default due to COVID 19 forcing it to ground most of its planes. The resc...
Singaporean LCC Jetstar Asia is continuing the suspension of most of its services until the end of May due to ongoing border restrictions. The carrier first suspended services in mid-March as governme...
Airbus has pulled out of on an 11 billion baht MRO joint venture with Thai Airways, according to local media. The project was to develop a maintenance, MRO facility at the U-Tapao Airport in Rayong pr...
A total of eight Thai carriers are seeking loans worth 25 billion baht (US$770 million) from the government to support their businesses during the COVID 19 pandemic, according to the chairman of Thai ...
The latest estimates from the International Air Transport Association (IATA) indicate Airlines in Asia Pacific will see the largest revenue drop of US$113 billion in 2020 compared to 2019, up from mi...
Japanese Airlines has cut its forecast for annual net profits by 43 percent because of COVID 19. With the pandemic hitting revenue from both domestic and international routes, JAL said net profit for ...
Fitch Ratings has downgraded Virgin Australia Long-Term Foreign-Currency Issuer Default Rating to 'D' from 'CCC-', following the carrier's announcement it has entered voluntary administration. Virgin...
Qantas and Virgin Australia will get support from the Australian government to keep operating some domestic routes. Qantas said this will see the number of passenger flights it operates increase from ...
Air Asia will resume domestic flights in Malaysia, Thailand, the Philippines, India and Indonesia, the carrier said in a statement posted on its website. The airline said the flights are currently sub...
Hong Kong based-lessor CALC has a diverse funding source base and ample liquidity to deal with the ongoing COVID-19 pandemic, according to a corporate update released by the firm today. CALC said its ...
BOC Aviation has mandated banks for a proposed 144A/Reg S US dollar senior unsecured bond offering off its US$ 15bn global MTN programme and will hold investor calls today. The aircraft leasing firm i...
Virgin Australia - The country's second-largest carrier - has confirmed it has entered voluntary administration. Last month Virgin cancelled all flights last month following wide-spread travel bans wh...
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