Friday , 19 December 2025

Recent Posts

Garuda wins approval to extend $500m debt

Bloomberg Indonesian flag carrier PT Garuda Indonesia won approval from investors to extend the maturity of a $500 million sukuk, easing a cash squeeze as the airline battles falling passenger demand during the coronavirus pandemic. The state-owned airline, whose passenger traffic fell 91% in April from a year earlier, said in a statement that investors holding 90.88% of the aggregate …

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Heathrow cuts front-line posts after UK imposes quarantine

Bloomberg London Heathrow airport said it has begun cutting front-line jobs after a recovery in passenger numbers was delayed by Britain’s introduction this week of a quarantine rule for incoming travellers. Europe’s busiest airport will initially seek voluntary departures after agreeing a severance plan with unions, it said in a statement. The hub has already eliminated 500 management posts. The …

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Khazanah mulls providing up to $1.2b Malaysia Airlines aid

Bloomberg Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, is considering providing as much as 5 billion ringgit ($1.2 billion) to the national flag carrier to see it through the coronavirus-induced slump in bookings, according to people familiar with the matter. Malaysia Airlines Bhd would use the fresh capital to resume some operations it has suspended, the people said. If it …

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