Audi’s Hungarian plant to halt production on Monday
Volkswagen Group’s Audi brand will halt output at its plant in Hungary on Monday, the factory said, after Volkswagen announced a suspension of production at plants in Italy, Portugal, Slovakia and Spain.
‘Single biggest shock’: Aviation battles coronavirus cash crunch
Boeing and other U.S. aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while Airbus is pausing production at two sites to bolster health and safety measures.
Singapore Airlines to cut capacity further as coronavirus weighs
Singapore Airlines on Tuesday said it would cut capacity further as border controls are enforced across the world in a bid to curb the spread of the coronavirus epidemic.
Abu Dhabi’s Etihad adds cargo flights as coronavirus batters passenger demand
Abu Dhabi’s Etihad Airways said on Tuesday it was expanding its cargo network to markets where passenger operations have decreased due to the coronavirus epidemic.
Russian airlines could lose $1.4 billion due to coronavirus: Ifax cites aviation agency
Russia’s airlines could lose 100 billion roubles ($1.4 billion) due to the coronavirus outbreak and risk going bankrupt, the head of Russia’s Federal Air Transport Agency, also known as Rosaviatsiya, told the Interfax news agency.
Futures turn higher after another ‘Black Monday’ plunge
U.S. stock index futures turned higher in volatile trading on Tuesday, following Wall Street’s steepest fall since 1987 in the previous session, as drastic efforts to contain the coronavirus pandemic paralyzed supply chains and crushed business sentime…
Airbus suspends production in France and Spain, shares slide
Airbus announced plans to halt operations at its plants in France and Spain for four days as the coronavirus crisis spread from battered airlines to the manufacturing sector.
Lufthansa preparing ‘air bridge’ to supply Germany through epidemic
Germany’s largest airline, Lufthansa , is working with the government to prepare an “air bridge” to ensure that necessary goods would continue to arrive in Germany during the coronavirus epidemic, the airline’s boss said on Tuesday.
Volkswagen starts shutting down production in Europe in face of coronavirus
Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to the spread of coronavirus, its CEO said on Tuesday.
Surging borrowing costs, vanishing buyers: more pain ahead for European junk bonds
Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could be a lot more pain in store for firms needing to raise fresh money to redeem debt.
