American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said.
Kenya Airways has sought an undisclosed sum from the government to help to cover critical costs such as payment of staff salaries, its chairman said on Tuesday.
The unprecedented oil demand plunge in the COVID-19 pandemic is poised to change the oil sector forever, as fewer companies holding high-quality assets emerge after the downturn, Goldman Sachs said on Monday.
British aero-engine maker Rolls-Royce will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said.
Canada will waive ground lease rents for airports until December 2020, providing relief worth C$331.4 million ($233.4 million) to help the air transport sector deal with the coronavirus outbreak, Ottawa said.
Ralph Lauren Corp said on Tuesday it drew down $475 million from an existing credit line and stopped share buybacks, as it looks to beef up cash reserves to cope with the financial blow from the coronavirus pandemic.
A resurgence of the coronavirus may scupper forecasts of a recovery in air passenger demand by the end of the year and strong growth in 2021, the chief economist of a global airline trade body warned on Tuesday.
China has not approved any new Brazilian meat plants for export this year because of the coronavirus pandemic, an official at Brazil's Agriculture Ministry told Reuters, adding that all approvals were on hold until the crisis eases.
Ivory Coast's cocoa board has temporarily suspended Cargill [CARGIL.UL], Barry Callebaut and some other traders from buying new beans, it said on Tuesday, claiming they have already exceeded their contracted exports for this season.
Indian airline SpiceJet Ltd said on Tuesday it would cut employee salaries by 10% to 30% in March as a nationwide lockdown to contain the spread of the coronavirus crimps travel demand.
China has agreed to allow imports of Canadian canola to resume, two sources briefed on the matter told Reuters on Tuesday, lifting a ban in place since March 2019 that had halted $2 billion worth of trade.
Canada's main stock index futures rose on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets, and China posted an unexpected expansion in factory activity.
U.S. regional carriers asked the U.S. Treasury Department on Monday to prioritize assistance for them when awarding $25 billion in cash grants to help the struggling industry stay afloat, according to a letter seen by Reuters.
The founder and former chairman of Norwegian Air have reduced their shared stake to 4.64% from 9.99% a week ago, Bjoern Kjos and Bjoern Kise said on Tuesday.
Philippine Airlines and other domestic carriers have written to their government seeking help, saying measures imposed globally to contain the coronavirus pandemic threaten their survival.
The founder of Norwegian Air and its ex-CEO, Bjoern Kjos, and its former chairman, Bjoern Kise, have cut their joint stake in the carrier to just 4.64%, they said on Tuesday, down from 9.99% a week ago.
British Airways said it is temporarily suspending flights from Gatwick Airport in southern England, Britain's second busiest airport, due to the coronavirus.
Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued on Monday as it prepares to quickly hand out $25 billion.