Air Mauritius has entered voluntary administration after coronavirus-related disruptions made it impossible for the airline to meet its financial obligations for the foreseeable future, its board said on Wednesday.
Global aluminium production rose by 2.1% over the first three months of this year, according to the latest figures from the International Aluminium Institute.
Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, and warned that a recovery could take two to three years.
Although record harvests are still expected, dry weather has prevented Brazil’s current corn and soybean crops from reaching the eye-popping levels that many market analysts believed would be possible.
Delta Air Lines Inc reported on Wednesday its first first-quarter loss in nine years and forecast a 90% decline in second-quarter revenue as the coronavirus crisis devastates air travel demand.
The United Arab Emirates and Pakistan are working to add more flights to repatriate Pakistani citizens from the Gulf Arab state, a Dubai government source said on Wednesday.
EU antitrust regulators have resumed their investigation into Boeing's bid to buy the jetmaking arm of Embraer, with a decision due by Aug. 7, a European Commission filing showed on Wednesday.
China has allowed 200 employees from South Korea's Samsung Electronics Co Ltd to enter the country to work on an expansion of the firm's NAND memory chip factory, the company said on Wednesday.
Troubled fashion retailer Ted Baker on Wednesday named easyJet Chairman John Barton as its non-executive chairman, less than a month after appointing Rachel Osborne to the permanent role of chief executive officer.
Mines around the world are cutting output due to the coronavirus pandemic, leaving top metals consumer China fretting over supply as it recovers from the initial demand shock that the outbreak inflicted on its economy.
HNA Capital, a unit of Chinese conglomerate HNA Group said on Wednesday it was seeking a five-month extension for a $9-million bond interest payment, a week after its parent secured a one-year repayment reprieve over protests by small bondholders.
China's aviation regulator said on Wednesday daily transported air passenger numbers rose 7.9% this month, as of April 21, from March, but was only at 29% of the level seen a year ago, in a sign of how the sector's recovery remains fragile.
Virgin Australia Holdings Ltd's administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline.
Although record harvests are still expected, dry weather has prevented Brazil’s current corn and soybean crops from reaching the eye-popping levels that many market analysts believed would be possible.
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up capital in the midst of the coronavirus pandemic.
New Zealand's a2 Milk Co Ltd on Wednesday raised the outlook for its full-year core earnings margin amid a surge in consumer stockpiling during the coronavirus outbreak.
Oil prices plunged to negative $40 per barrel on Monday in what is becoming a perfect storm for oil markets. Demand for oil is down, storage is filling up, and traders are trying to unload the paper oil they own before they have to take delivery of actual oil.
The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South African Airways (SAA) business rescue process, the Public Enterprises Ministry said on Tuesday.
Reuters
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