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Airline rescuers propose $1.5b bailout to revive SAA

Bloomberg South African Airways’ (SAA) administrators proposed the government put up at least $1.5 billion to rescue the carrier after years of losses and the grounding of commercial passenger flights to contain the spread of coronavirus. The state-owned airline was placed in a local form of bankruptcy protection in December, and the rescue team led by Siviwe Dongwana and Les ...

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Norwegian Air jumps over capacity boost

Bloomberg Norwegian Air Shuttle ASA jumped after an easing of travel restrictions allowed it to reopen dozens of European routes. Norwegian rose as much as 18% in early trading, the most in three weeks, after saying it would restart 76 routes from July 1. The low-cost carrier’s plans, which follow moves from other airlines to boost capacity for the summer ...

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AirAsia eyes durian flights as part of farm-to-table food push

Bloomberg Asia’s biggest budget airline AirAsia Group Bhd is mulling flying thorny, pungent durians around the region as part of a plan to use its trucks and planes to send food straight from farms to restaurants. The Malaysia-based airline’s agriculture e-commerce platform Ourfarm has a network of 7,000 trucks for pickups and deliveries in the Kuala Lumpur area, and is ...

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