Canada is finally close to an aid package for airlines that will likely offer low-interest loans to carriers versus taking outright stakes, three sources say, eight months after the COVID-19 pandemic decimated air travel.
British Airways will reduce its flight schedule this month after the UK government put further restrictions on leisure travel to try to curb the spread of coronavirus.
Money owed to aircraft lessors and some creditors of South African Airways is not covered by a 10.5 billion rand ($665 million) government bailout, SAA's administrators said.
Britain's easyJet said it had not made a formal request for government funding, responding to a report in business magazine Wirtschaftswoche which said that the airline was in talks with Germany about receiving state aid.
Canada Goose Holdings Inc beat estimates for quarterly revenue on Thursday, as higher online sales and strong demand for its $1,000 parkas in China helped the company cushion a hit from weak wholesale business.
Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, expects air traffic to start rebounding by the middle of next year and is looking for more deals with airlines to buy and lease back their jets.
Cocoa bean arrivals at ports in Ivory Coast fell this week because of a violent political standoff following a disputed presidential election in the world's top growing nation, exporters said on Thursday.
Euro zone retail sales declined by more than expected in September as purchases of all categories fell following a sharp surge in online and clothing sales in August, data showed on Thursday.
Hungary-based airline Wizz Air said it was expecting a travel recovery in spring but before then winter would be tough, after the pandemic pushed it to a loss in the six months to the end of September.
Wizz Air said revenue plunged 72% in the six months ended September as passenger numbers shrunk during the pandemic, and forecast a challenging winter as restrictions continue.
Mexican airline Aeromexico has requested permission from U.S. bankruptcy court to dismiss 1,830 employees in a cost-saving measure to weather the economic shocks of the coronavirus crisis, according to court filings filed on Wednesday.
German minerals miner K+S on Wednesday said it will take a one-off non-cash impairment loss of about 2 billion euros ($2.4 billion) on assets, citing lower long-term potash price expectations and a higher cost of capital rate.
Ireland will start implementing the European Union's "traffic light" system for non-essential EU travellers such as tourists from Nov. 8, easing some of the bloc's tightest restrictions, Tourist Minister Eamon Ryan said on Wednesday.
Malaysia's AirAsia X Bhd on Wednesday said it has revised its $15.3 billion debt restructuring plan to re-categorise its creditors in a bid to address concerns raised by a creditor.
United Arab Emirates airline flydubai on Wednesday said it would start direct fights to Israel this month with twice daily services between Dubai and Tel Aviv.
Reuters
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