December, 2020

• 6 December

  Boeing mulling equity sale, plans new cut to 787 output

  

  Bloomberg Boeing Co is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history. Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg ...

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• 6 December

  Singapore Air to make room for Covid vaccines

  

  Bloomberg Singapore Airlines will prioritise freight capacity to ship Covid-19 vaccines and will conduct test flights soon to trial the process, the Straits Times reported, citing a company statement and an executive’s comments Cargo space will be made available to prioritise the vaccine shipments across key trade lanes, the report said. Boeing Co 747-400 freighters, as well as passenger aircraft, ...

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• 6 December

  New South African airline to fly even as crisis grips market

  

  Bloomberg A new airline is preparing to start flights in South Africa next week, entering the industry at a time when carriers near and far are going bankrupt amid the worst crisis in aviation history. Lift, owned by Johannesburg-based leasing company Global Airways, will operate three Airbus SE A320 jets and look to tap returning domestic demand after an almost ...

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• 6 December

  UK retail landlords facing a hard reality

  

  Bloomberg UK retail landlords are facing a hard reality: the rapid approval of a vaccine has come too late for thousands of their stores. The collapse of department store chain Debenhams Plc and Philip Green’s Arcadia Group this week caps an unremittingly brutal year for the owners of brick and mortar stores. The demise of these retailers alone threatens 16.6 ...

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• 6 December

  American Air sees demand slowdown

  Bloomberg American Airlines Group Inc is seeing a slowdown in demand because of surging coronavirus cases, signalling a weaker outlook heading into the year-end holidays. After a strong start for the fourth quarter, a deceleration in net bookings growth began before Thanksgiving and has persisted into this month, American said in a regulatory filing. As a result, the company expects ...

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• 6 December

  UK to exempt ‘high-value’ travellers from quarantine

  Bloomberg The UK moved to exempt “high-value” executives from rules requiring people entering the country to quarantine for two weeks, in a move designed to boost business. The rule change means that from 4 am on Saturday, business people arriving in the UK from countries that aren’t on the UK’s travel corridors list won’t have to self-isolate for 14 days, ...

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• 6 December

  Indian farmers are ‘ready to die’ in showdown with Modi

  

  Bloomberg As India’s virus numbers swell and the economy stumbles, Prime Minister Narendra Modi has another crisis to deal with: Tens of thousands of angry farmers vowing to camp outside the capital for months. The farmers — mostly from Punjab, often called India’s bread-basket — want him to repeal three laws passed in September that allow them to sell crops ...

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• 6 December

  Biden clinches election as California certifies

  

  Bloomberg Joe Biden now officially has more than the 270 Electoral College votes he needs to claim the presidency after California certified its election results. Secretary of State Alex Padilla approved the results of Biden’s victory, according to his office, which Democratic Governor Gavin Newsom will use to prepare the Certificate of Ascertainment appointing the state’s 55 electors for Biden. ...

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• 6 December

  Exiled Ivory Coast leader plans return

  

  Bloomberg Former Ivorian President Laurent Gbagbo plans to return to the West African nation this month, even as he faces a pending conviction. The Ivorian government issued two passports, an ordinary one and a diplomatic document, to Gbagbo, who’s been living in Belgium for nearly two years, his lawyer Habiba Toure said. The issuances come a month after an October ...

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• 6 December

  Trump campaign spends $8.8mn to overturn vote

  Bloomberg President Donald Trump’s campaign spent $8.8 million on the legal challenges to the November 3 election in various states, including $2.7 million in legal fees, according to the latest filings with the Federal Election Commission. The largest outlay was a $3 million payment to the Wisconsin Elections Commission for a partial recount in two populous counties. The recounts did ...

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