Aviation

Bloomberg The global aviation industry has racked up more than 350,000 job losses in the past six months, with more pain on the way, according to new research delving into the coronavirus pandemic’s impact on the once-buoyant sector. The total could approach half a million positions after including some 25,000 cuts that don’t fit into the main categories of airlines, ...

Bloomberg Air France-KLM is firming up a plan to raise funds by May of next year after agreeing a rescue package from the Dutch and French governments to help outlast the global aviation crisis. The carrier “intends to implement measures to strengthen its equity and quasi-equity,” Air France-KLM said in a statement Tuesday, reiterating a timeline given previously by Chief ...

Bloomberg Wizz Air Holdings Plc dropped plans to increase capacity to 80% next quarter after a resurgence of travel restrictions dented demand. The Hungarian carrier will maintain its current 60% level for the period ending in December if stricter measure continue including in its home country, it said on Tuesday in a statement. Further reductions are possible and the carrier ...

Bloomberg Vietnam’s Civil Aviation Authority is working on a plan to resume international flights from September 15 with all passengers quarantined for 14 days upon arrival in the country, according to a post on the government’s website, which cited Dinh Viet Thang, director of the authority. The first international flights under the plan will be to Japan and South Korea, ...

Bloomberg AirAsia Group Bhd is charging passengers who check in at airport counters rather than via its website, mobile app or self-service kiosks. The budget carrier, which posted a record loss last quarter, is charging 20 ringgit ($4.82) per passenger on counter check-ins for domestic flights and 30 ringgit for international trips, effective from Tuesday, it said in a statement. ...

Bloomberg Colombia’s disaster fund will lend as much as $370 million to Avianca Holdings SA to help with its restructuring after a halt in travel during the Covid-19 pandemic forced the company into bankruptcy, the country’s finance ministry said in a statement. The emergency mitigation fund’s committee approved the government-backed loan, due November 2021, under the framework of debtor-in-possession financing ...

Bloomberg Adani Enterprises Ltd is seeking a controlling stake in Mumbai’s international airport as billionaire Gautam Adani continues his aggressive push into what was until recently the world’s fastest-growing aviation market. Adani Airport Holdings Ltd will acquire the debt of GVK Airport Developers Ltd, the holding company of GVK Power & Infrastructure Ltd, according to an exchange filing on Monday. ...

Bloomberg Qantas Airways Ltd is marketing an Australian dollar bond, joining a record global wave of airline debt issuance to build up cash buffers as the Covid-19 pandemic pummels air travel. The Australian airline is looking to price a 10-year note at an indicative coupon of around 5.25%, according to a person familiar with the matter who asked not to ...

Bloomberg Ghana is reopening its main airport to international flight passengers from September 1 after putting in place new measures to help curb the spread of the coronavirus. Any passenger arriving in Ghana will have to present a negative Covid-19 result, taken no more than 72 hours before departure from the country of origin, President Nana Akufo-Addo said in a ...

Bloomberg The airline industry, yearning to bounce back from the prolonged global outbreak of Covid-19, is pulling out more tricks designed to get fliers back on board. United Airlines spiked its loathed $200 change fee for domestic flights and said that, beginning next year, customers can fly standby for free if there’s an available seat on the same day as ...