In July 2008, with the global financial crisis trashing the world’s economy, then US Treasury Secretary Henry Paulson asked legislators for the power to grant unlimited credit to his country’s mortgage agencies: “If you have a squirt gun in your pocket you may have to take it out; if you have a bazooka in your pocket, and people know ...

  Bloomberg Air France-KLM vowed to expand low-cost and transatlantic flights after raising 2.26 billion euros ($2.4 billion) to repay a chunk of the state aid that helped the carrier survive the Covid-19 crisis. The proceeds of the rights issue launched last month will be used to reimburse about 1.7 billion euros of bonds issued last year and held by ...

  Bloomberg IndiGo, India’s largest airline, looks close to inducting its first freighter plane as it seeks to capture the boom in air cargo driven by the pandemic. An IndiGo CarGo-branded aircraft was spotted at Seletar Airport in Singapore’s north east. Seletar is a much smaller airport than Changi Airport, serving mainly private jets, a few regional commercial flights and ...