Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic.
Italian billionaire Leonardo Del Vecchio confirmed on Monday he had asked the European Central Bank (ECB) for permission to raise his stake in Mediobanca, lifting its shares.
The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.
It's nowhere in the league of the mega-RJR Nabisco leveraged buyout immortalized in the 1989 book (and subsequent film) "Barbarians at the Gate", but a Reuters report that a consortium of buyout funds is looking to make a takeover bid for Spanish telco MasMovil shows private equity may still be able to do its thing
It took just three days to sell shares in JDE Peet's as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world's No. 2 maker of packaged coffee.
Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
China's imports of aluminium are about to hit their highest levels in a decade, traders and analysts said, as an arbitrage opportunity created by demand recovery after its coronavirus outbreak makes it cheaper to buy metal from outside the country.
Brazilian planemaker Embraer SA, the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Emirates airline said on Sunday it had made some staff redundant due to the impact of the coronavirus pandemic, with two company sources saying trainee pilots and cabin crew had been affected.
Italian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report.
China announced on Sunday two new confirmed cases of coronavirus and four new asymptomatic cases, including one person without symptoms of COVID-19 on a chartered flight from Germany.
A Brazilian labor court on Saturday ruled that JBS SA can reopen its chicken processing plant in the southern state of Santa Catarina, according to a copy of the decision seen by Reuters.
South Africa will allow domestic air travel for business purposes only from June 1 as the country further eases coronavirus lockdown regulations, the transport minister said on Saturday.
LATAM Airlines, the largest Latin American air transport group, had losses of $2.12 billion in the first quarter after an accounting adjustment of its assets amid the coronavirus pandemic, the company said in a statement late on Friday.
Cathay Pacific Airways Ltd said on Saturday that the reopening of transit services for passengers at Hong Kong International Airport from June 1 will not include those travelling to and from mainland China.
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa, two people familiar with the matter said.
Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa, two people familiar with the matter said.
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