The Thai government has changed its mind on providing $1.8 billion state aid for the country’s flag carrier and instead will let the firm go bankrupt, according to Reuters. Thailand’s State Enterprise...
Korean Air is looking to raise $1.8 billion in fresh capital from a combination of issuing new shares and government aid as it seeks to navigate the challenges of Covid-19. The carrier will issue 79 m...
Mitsubishi Heavy Industries May 11 decision to postponing its SpaceJet regional airliner program was due to the impact of COVID 19, according to Nicolas Jouan, Aerospace and Defense Analyst at Global...
Qantas Airways said today that it had advised Airbus and Boeing that it did not expect to take delivery of any new planes in the near term as it deals with the impact of COVID 19. The airline had expe...
Indonesia is finalising a US$1 billion (S$1.4 billion) financial bailout plan for its flag carrier to help it stave off a debt default due to COVID 19 forcing it to ground most of its planes. The resc...
Singaporean LCC Jetstar Asia is continuing the suspension of most of its services until the end of May due to ongoing border restrictions. The carrier first suspended services in mid-March as governme...
Airbus has pulled out of on an 11 billion baht MRO joint venture with Thai Airways, according to local media. The project was to develop a maintenance, MRO facility at the U-Tapao Airport in Rayong pr...
A total of eight Thai carriers are seeking loans worth 25 billion baht (US$770 million) from the government to support their businesses during the COVID 19 pandemic, according to the chairman of Thai ...
The latest estimates from the International Air Transport Association (IATA) indicate Airlines in Asia Pacific will see the largest revenue drop of US$113 billion in 2020 compared to 2019, up from mi...
Japanese Airlines has cut its forecast for annual net profits by 43 percent because of COVID 19. With the pandemic hitting revenue from both domestic and international routes, JAL said net profit for ...
Fitch Ratings has downgraded Virgin Australia Long-Term Foreign-Currency Issuer Default Rating to 'D' from 'CCC-', following the carrier's announcement it has entered voluntary administration. Virgin...
Qantas and Virgin Australia will get support from the Australian government to keep operating some domestic routes. Qantas said this will see the number of passenger flights it operates increase from ...
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