Malaysian budget airline AirAsia X Bhd (AAX), the long-haul arm of AirAsia Group Bhd, said it has proposed restructuring $15.3 billion of debt and reducing its share capital by 90% to continue as a going concern.
U.S. agricultural exports to China had a sluggish start to 2020 relative to the lofty expectations set forth by the Phase 1 trade agreement, but the August value soared substantially over that of the prior months owing to strong soybean shipments.
Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
The Federal Aviation Administration (FAA) on Tuesday issued a draft report on revised training procedures for the Boeing 737 MAX, a key milestone to the plane's eventual ungrounding.
Unfavorable views toward China have soared in the past year in the United States and many other advanced economies, a survey of 14 countries conducted by the U.S.-based Pew Research Center showed on Tuesday.
Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. [nL1N2GX1IZ]
Levi Strauss & Co posted a surprise profit and beat revenue estimates on Tuesday as consumers shopped more on the denim maker's website and app during the COVID-19 pandemic, sending its shares up 13% after the bell.
The Federal Aviation Administration (FAA) on Tuesday issued a draft report on revised training procedures for the Boeing 737 MAX, a key milestone to the plane's eventual ungrounding.
Levi Strauss & Co posted better-than-expected quarterly revenue on Tuesday as consumers stuck at home during the COVID-19 pandemic shopped more on the denim maker's website and app.
The union representing Southwest Airlines' flight attendants on Tuesday rejected management's call for negotiated pay cuts to avoid furloughs and renewed calls for more airline aid from Washington.
The union representing Southwest Airlines' flight attendants rejected management's call for negotiated pay cuts to avoid furloughs and renewed calls for lawmakers to pass a fresh federal payroll support program for U.S. airlines.
Business jet operators planning new aircraft purchases are largely undeterred by the battering delivered by the COVID-19 pandemic to the aviation sector, according to a Honeywell Aerospace outlook on corporate planes published on Tuesday.
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Boeing cut its rolling 20-year forecast for airplane demand on Tuesday, sending its shares lower as the COVID-19 pandemic lays waste to deliveries over the next few years.
Argentina's new export tax regime that leaves a higher levy on soybeans than processed soyoil and soymeal has some farmers complaining that they are subsidizing the country's vast oilseed crushing industry and say it won't spur growers to sell more.
Argentina is looking to gain favor with wary investors through a dollar-linked bond with the aim of taking pressure off the battered peso amid a grueling economic crisis.
Boeing cut its rolling 20-year forecast for airplane demand on Tuesday as economic turmoil from the COVID-19 pandemic lays waste to deliveries in the next few years.
Argentina is looking to gain favor with wary investors through a dollar-linked bond with the aim of taking pressure off the battered peso amid a grueling economic crisis.
Global airlines warned on Tuesday that the coronavirus-stricken industry was on course to burn through another $77 billion in cash in the second half of 2020, calling on governments to renew expiring wage support programmes.