Bloomberg PT Garuda Indonesia plans to issue $800 million of new debt as part of a plan to address its liabilities, as the embattled carrier seeks to reverse its fortunes after the pandemic. The airline would also raise $330 million by issuing new equity, according to a restructuring proposal made in a Jakarta court. The carrier also suggested modifying ...

Bloomberg We’re probably going to have to fly less. And when we do board a plane, it’s going to cost more — a lot more, one way or another. Those are the conclusions of a new report by the nonprofit International Council on Clean Transportation, which analysed how the airline industry could cut emissions in line with global climate goals. ...

  Bloomberg Comair, the South African partner of British Airways and owner of low-cost carrier Kulula, is on the brink of collapse after administrators were unable to raise the funds needed to resume flying. The operator of about 40% of domestic air trips in South Africa has been battling with high fuel prices, the aftermath of coronavirus travel bans and ...