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Ryanair plans fewer firings after pay cut agreement

Bloomberg Ryanair Holdings Plc plans to cut fewer jobs than initially planned after staff agreed to pay reductions, Sky News reported, citing a senior executive at the company. Europe’s biggest discount carrier originally planned to eliminate 3,000 positions, but will now significantly reduce that total after 97% of pilots and 90% of cabin crew agreed to pay cuts and changes ...

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Singapore Air goes through half of cash raised in two months

Bloomberg Singapore Airlines Ltd has burned through half of the S$8.8 billion ($6.4 billion) it raised through share sales in just two months even as it cut costs and grounded most of its fleet, highlighting how carriers can keep incurring expenses even when planes are left idle. Of the S$4.4 billion spent since mid-June, S$1.1 billion was used for operating ...

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Amazon India partner faces ‘deadline’

Bloomberg Amazon.com Inc’s India brick and mortar retail partner Future Retail Ltd is in talks with banks to help fund a missed interest payment before a deadline. The company failed to pay $14 million of interest due July 22 on its 5.6% 2025 dollar notes, and is in a 30-day grace period that expired last week. If payment were not ...

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