Business

$2.1 billion Asiana Airlines takeover collapses

A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 ...

Business

Qantas cuts international flights until October

Australian flag-carrier Qantas on Thursday said it had cut all international flights until late October, except those to New Zealand, as border restrictions look set to remain in force.

Business

LATAM airline suspends international flights

Latin America's biggest airline, the Brazilian-Chilean group LATAM, is suspending all international flights until May because of the coronavirus pandemic.

Business

Mideast airlines lose $7B as airports shut to combat virus

Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced Thursday that airlines in the region have already lost ...

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