As Air France restores some flights, pilots queue for simulator
Air France is putting its grounded pilots through their paces in the flight simulator as the airline prepares to restore flights to dozens of destinations that had been suspended under coronavirus lockdown measures.
Lockheed Martin to pay $300 million more to suppliers hit by coronavirus
U.S. weapons maker Lockheed Martin Corp said on Friday it would pay an additional $300 million to its suppliers hurt by a sharp economic slowdown caused by the coronavirus crisis.
Fiat Chrysler in talks over 6.3 billion euro state-guaranteed loan: source
Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday.
Wall Street retreats as trade war fears compound virus woes
U.S. stocks dropped on Friday as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic.
U.S. stock market falls on plunging retail sales; oil up
U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in demand helped boost oil prices.
Exclusive: Virgin Atlantic won’t restart flights until August if UK introduces quarantine – source
Virgin Atlantic will not be able to resume passenger flights until August at the earliest if Britain introduces a 14 day quarantine for travellers, according to a source at the airline.
Belgium tells Lufthansa state aid possible if conditions met
The Belgian government said on Friday it was committed to reaching a deal with Lufthansa to save its Belgian subsidiary Brussels Airlines if the future of the national carrier was guaranteed.
Coronavirus sinks U.S. retail sales again in April
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
U.S. moves to cut Huawei off from global chip suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.
Wall Street eyes weak open as trade war fears add to virus woes
Wall Street’s main indexes were set to open lower on Friday after the Trump administration’s move to block semiconductor shipments to China’s Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.
