Timeline: Norwegian Air’s battle for survival
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
Dreams grounded: Cadet pilots face uncertain future as coronavirus turns shortage to surplus
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots.
Ryanair to cut 3,000 jobs as the coronavirus crisis drags on
Ryanair plans to cut 3,000 jobs and talk to Boeing about delaying plane deliveries as it does not expect European air traffic to recover fully from the coronavirus crisis until 2022, the Irish airline said on Friday,
Norway wealth fund to back AGM resolution to make Barclays a ‘net zero’ bank
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, the fund said on Friday.
Trump threatens new tariffs on China in retaliation for coronavirus
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbrea…
ISS gives ‘cautionary’ backing for JPMorgan lead director Raymond
Institutional Shareholder Services (ISS) recommended on Thursday that investors vote in favor of all board nominees at JPMorgan Chase & Co but called its support for lead independent director Lee Raymond “cautionary.”
Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies
U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world’s biggest auto market.
Boeing raises $25 billion in blowout debt sale, eschews government aid
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn.
Boeing raises $25 billion in blowout debt sale
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which is shoring up its finances during the coronavirus-induced travel downturn.
Boeing says will not seek further funds from U.S. govt
Boeing Co has no plans to seek additional funding through the capital markets or from the U.S. government at this time, the planemaker said in a statement on Thursday.
