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Delhi airport says it’s ready for vaccine distribution challenge

Bloomberg Distributing vaccines around India will pose plenty of logistical headaches given the size of the country, its vast population and number of coronavirus cases, now at more than 10 million. For its part, India’s busiest airport is “completely ready” to handle Covid-19 vaccines, according to Delhi International Airport Ltd. Chief Executive Officer Videh Kumar Jaipuriar, but there could be ...

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AirAsia sells stake in India venture to Tata for $38mn

Bloomberg AirAsia Group Bhd., hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7% stake in AirAsia India Ltd. to its partner Tata Sons Ltd. for about $38 million. The Malaysian low-cost carrier entered into an agreement with Tata Sons, which already owns 51% of the venture, according to an exchange filing. AirAsia Group last month said ...

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Cathay Pacific announces 99% traffic drop

Bloomberg Cathay Pacific Airways Ltd. carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the $1.3 billion hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the first half, ...

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