Business

Airlines need another $70-80 bn to survive: IATA chief

Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.

Business

Struggling airlines seek to stay in the skies

The airline industry holds its annual gathering by video conference next week under the shadow of the COVID-19 pandemic that has plunged the sector into a crisis that may yet claim more carriers.

Business

Low-cost Norwegian Air Shuttle files for bankruptcy protection

Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a ...

Business

France's cash-strapped Aigle Azur to cancel all flights

France's second-largest airline Aigle Azur, which went into receivership this week, plans to cancel all flights starting Friday night as it seeks a takeover bid to save the company, according to an internal document seen ...