President Donald Trump's administration plans to bar Chinese passenger carriers from flying to the United States starting in mid-June as it pressures Beijing to allow U.S. air carriers to resume flights, three U.S. and airline officials briefed on the matter told Reuters.
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Europe's biggest travel company, TUI Group, said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic.
Two of South Africa's biggest private airlines will start flying between local airports this month after the government eased lockdown restrictions aimed at containing the coronavirus, but they said a recovery could take at least three years.
Canada Goose Holdings Inc said on Wednesday it expected a negligible level of revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic.
Canada Goose Holdings Inc said on Wednesday it expected a negligible level of revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic.
Air Arabia, the only listed carrier in the United Arab Emirates, has made further job cuts due to the business impact of COVID-19, a spokesman said on Wednesday.
For those of us who have spent more than two months at home – working, exercising, connecting with friends, all on a remote basis -- it will come as no surprise that online communications firm Zoom nearly doubled its expectations for annual sales, boosting its shares almost 5%.
Aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing's grounded 737 MAX jet until 2025-2027, it said in its annual results on Tuesday.
Hungarian low-cost airline Wizz Air said it could not provide profit guidance for this year because of the coronavirus pandemic which has heavily restricted air travel, after it grew profit 30% last year.
Virgin Australia Holdings Ltd's administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of 10 days from the original date, a person with knowledge of the matter said on Wednesday.
Aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing's 737 MAX jet until 2025-2027, it said in its annual results on Tuesday.
TUI Group, Europe's biggest travel company, said it had struck a deal with aircraft maker Boeing for compensation and slower delivery of the 737 MAX plane, helping its finances during the coronavirus pandemic.
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout from the coronavirus pandemic.
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
Industrial metals such as copper have clawed their way back from coronavirus crisis lows, with the London Metal Exchange (LME) index of leading base metals contracts 12% off its March trough.
Britain's quarantine for travellers arriving from abroad, which will be introduced from June 8, is crucial to avoiding a second wave of the coronavirus outbreak in the country, Interior Minister Priti Patel and Transport Minister Grant Shapps said.