Virgin Australia Holdings Ltd's administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of 10 days from the original date, a person with knowledge of the matter said on Wednesday.
Aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing's 737 MAX jet until 2025-2027, it said in its annual results on Tuesday.
TUI Group, Europe's biggest travel company, said it had struck a deal with aircraft maker Boeing for compensation and slower delivery of the 737 MAX plane, helping its finances during the coronavirus pandemic.
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout from the coronavirus pandemic.
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
Industrial metals such as copper have clawed their way back from coronavirus crisis lows, with the London Metal Exchange (LME) index of leading base metals contracts 12% off its March trough.
Britain's quarantine for travellers arriving from abroad, which will be introduced from June 8, is crucial to avoiding a second wave of the coronavirus outbreak in the country, Interior Minister Priti Patel and Transport Minister Grant Shapps said.
The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.
French luxury goods group LVMH's $16.2-billion takeover of Tiffany & Co is looking less likely to go through, amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported on Tuesday.
Two of London's famous red telephone boxes have been reborn as a coffee stall, and the owners say the lack of inside space that was a drawback when they opened a week before lockdown could now be an asset in a socially distanced capital.
A California appeals court on Tuesday heard arguments in the first case that went to trial over allegations that Bayer AG's glyphosate-based weed killer Roundup causes cancer, resulting in a $289 million judgment against the company.
Air Canada said on Tuesday it raised nearly C$1.6 billion ($1.18 billion) by selling shares and convertible debt to strengthen its balance sheet, in a sign investors are willing to back sectors hard hit by the coronavirus outbreak.
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In trading on Tuesday, shares of NovaGold Resources Inc. (Symbol: NG) entered into oversold territory, changing hands as low as $8.66 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mom
New global guidelines featuring physical distancing to restart aviation safely during the coronavirus pandemic could add up to two hours of pre-departure time for passengers at some airports during peak hours, the head of an international airports' group said on Tuesday.
South Africa's Comair said on Tuesday it was unlikely to restart operations before November, even after the easing of restrictions on air travel, as the airline requires a substantial cash injection.
Air Canada said on Tuesday it raised nearly C$1.6 billion ($1.18 billion) through an offering of shares and convertible senior notes to strengthen its cash flow amid the coronavirus crisis.
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