Bloomberg Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported. The airlines have jointly agreed to seek help, the newspaper said, citing Tassapon Bijleveld, executive chairman of Asia Aviation Pcl, the largest shareholder of Thai AirAsia. The seven carriers are Thai AirAsia, Thai Lion …

Bloomberg Southwest Airlines Co is losing “big money” on every flight, raising the risk of worker furloughs in the longer-term despite billions of dollars in immediate aid from the US government. The biggest US discounter is “appreciative” of the package of loans and cash assistance approved by the Senate and awaiting a vote in the House of Representatives, CEO Gary …

Bloomberg Singapore Airlines (SIA) shares fell after the carrier unveiled a plan to raise about S$8.8 billion ($6.2 billion) to contend with the devastating impact of the coronavirus pandemic. The company will issue S$5.3 billion in new stock at S$3 apiece, 54% lower than the last closing price last week, as well as convertible bonds, according to a statement. State …