aviation industry
The Latest
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Hong Kong Airport Operator Secures $4.9 Billion In New Financing
Airport Authority Hong Kong (AAHK) secured HK$35 billion in new financing through several loan facilities provided by 21 local and international banks. Airport Authority Hong Kong (AAHK) secured HK$35 billion in new financing through several loan facilities provided by 21 local and international banks. -
British Airways Resorts To Selling Artworks To Raise Capital
British Airways is reportedly selling 10 artworks from its collection, one of which is being valued at around $1.26 million. British Airways is reportedly selling 10 artworks from its collection, one of which is being valued at around $1.26 million. -
Emirates Terminates Hundreds Of Pilots, Cabin Crew To Prevent Total Collapse
Emirates expects it will take about four years before it can resume flights to 157 destinations. Emirates expects it will take about four years before it can resume flights to 157 destinations. -
American Airlines To Cut 5,000 Jobs From Admin Due To Ongoing Pandemic
Rival carrier, United Airlines, has also said it will slash its administrative headcount by around 30 percent. Rival carrier, United Airlines, has also said it will slash its administrative headcount by around 30 percent. -
Rolls-Royce Says 9,000 To Lose Jobs As Coronavirus Crisis Slams Aviation Market
Rolls-Royce CEO says ongoing global crisis is something they must face and deal with Rolls-Royce CEO says ongoing global crisis is something they must face and deal with -
Boeing Unloads $25 Billion Bond Offer, Its Largest Debt Sale Ever
Boeing actually hoped to secure between $10 billion and $15 billion bond offering Boeing actually hoped to secure between $10 billion and $15 billion bond offering -
China Aviation Industry Reports $5.6 Billion First-Quarter Loss
The Civil Aviation Administration of China reported that the country's aviation industry had lost more than $5.6 billion as a direct result of the pandemic. The Civil Aviation Administration of China reported that the country's aviation industry had lost more than $5.6 billion as a direct result of the pandemic. -
US Grants GE Permission To Sell Engines For Use In New Chinese Jet
The license will allow GE to supply its CFM LEAP-1C jet engine to be used in China new COMAC C919 passenger jet. The license will allow GE to supply its CFM LEAP-1C jet engine to be used in China new COMAC C919 passenger jet. -
Global Health Crisis Forces Boeing To Offer Buyouts, Early Retirement Package
Aerospace company is scambling to control costs as aviation industry hit hard by pandemic Aerospace company is scambling to control costs as aviation industry hit hard by pandemic -
American Airlines Asks US Gov't For $12 Billion Bailout To Save Jobs
American Airlines has the highest number of employees of any U.S. carrier American Airlines has the highest number of employees of any U.S. carrier