ANA seeks ¥1.3 trillion in credit amid coronavirus crisis

Business / Corporate Apr 4, 2020

ANA seeks ¥1.3 trillion in credit amid coronavirus crisis

Japanese airline group ANA Holdings Inc. has asked the government-affiliated Development Bank of Japan and private financial institutions to set up credit lines totaling ¥1.3 trillion, it was learned late Friday. With its revenue from passenger flight services tumbling due to a plunge in demand ...

Business Mar 27, 2020

Korean Air head defeats challenge from 'nut rage' sister

The "nut rage" heiress who forced a plane to turn back over her macadamias failed Friday to wrest control of the family airline from her brother, in what analysts said illustrated the power of incumbents at South Korea's chaebols. Cho Hyun-ah, 45, whose family control ...

Business / Corporate Mar 26, 2020

Coronavirus-hit airlines swap passengers for cargo to stay aloft

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and American Airlines Group Inc. are ...

World Mar 16, 2020

Airlines seek emergency aid as coronavirus brings industry to a near-halt

Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes. Already battered shares in British Airways parent IAG, easyJet and Air France-KLM plunged again as ...