Bloomberg Deutsche Lufthansa AG is scaling back its fleet and closing the Germanwings discount arm to resize the airline group for depressed levels of travel that could last for years after the coronavirus crisis passes. The German flag-carrier will reduce capacity at its hubs in Frankfurt and Munich, retiring 18 wide-body aircraft including six Airbus SE A380 double-deckers that were ...

Bloomberg The crowd outside Wuhan’s Tianhe International Airport on Wednesday pushed forward as anxiety grew over catching their flights out of town — the first to depart since January 23. Many were people who had come to the central Chinese city for a Lunar New Year vacation in January and found themselves stuck in a protracted, nightmarish stay as the ...

Bloomberg Hong Kong’s Airport Authority is in talks with banks for a HK$20 billion ($2.6 billion) loan to help fund the city’s third runway, according to people familiar with the matter. The five-year facility, which is also meant for general corporate purposes, offers an interest margin of 72 basis points over the Hong Kong interbank offered rate and a top-level ...