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 ...
Japan weighing support to rush life-saving machines to virus-hit hospitals
The government is eager to help crank up output of ventilators and oxygenators and help introduce the critical equipment to hospitals.
JAL executives to take 10% pay cut as coronavirus weighs on business
Japan Airlines Co. executives will voluntarily take a 10 percent cut in monthly remuneration from April to June as a cost-cutting measure after the global coronavirus pandemic forced it to sharply reduce flights, a source close to the matter said Thursday. For the summer flight ...
Japanese airlines stand to lose ¥1 trillion to coronavirus pandemic
The damage being inflicted on the airline industry by the virus is exceeding anything it has seen in the past.
11 flyers amid a sea of seats: Airlines' woes dwarf U.S. aid
Miguel Diaz's JetBlue flight from New York to Orlando cost just $79 with a checked bag and was nearly empty. The 11 passengers each had a row of seats to themselves, spaced at least 6 feet (1.8 meters) apart to maintain social distancing. "The entire ...
'Infected' Japanese who allegedly caused flight delay at Narita arrested
A man was arrested Friday in Chiba Prefecture on suspicion of business obstruction after allegedly delaying a flight at Narita Airport just before takeoff the previous day by telling the crew he had the novel coronavirus. Norihiro Kojima, 69, is suspected of delaying a Jetstar ...
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 ...
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 ...
Seoul prosecutors probe Korean Air siblings' role in Airbus kickbacks
South Korean prosecutors on Thursday launched a probe into allegations that Korean Air's CEO and his sister are responsible for a former executive's taking payments from Airbus in return for buying that company's aircraft. This year, Airbus said it would pay a record $4 billion ...
'Nut rage' heiress takes on brother in South Korea succession feud
The "nut rage" heiress who forced a plane to turn back over her macadamias is fighting a bitter battle — with activist shareholder support — against her brother for control of the family airline, highlighting resistance to reform in South Korea's chaebols. Cho Hyun-ah, 45, ...
Australia tells citizens to come home and stay home to tame COVID-19
Australia's government told its citizens Wednesday not to travel abroad and warned those already overseas to rush home as it took unprecedented steps to choke off the spread of the coronavirus epidemic Down Under. Prime Minister Scott Morrison also ordered a halt to "nonessential" indoor ...
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 ...
