LONDON (Reuters) – Virgin Atlantic’s trade creditors voted on Tuesday in favour of a 1.2 billion pound ($1.6 billion) rescue plan, moving the airline a step...
CHICAGO (Reuters) – American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to...
SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity...
LONDON (Reuters) – Virgin Atlantic’s creditors will vote on a 1.2 billion pound ($1.6 billion) rescue plan on Tuesday in a crucial test of the airline’s...
DUBAI (Reuters) – Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on...
LONDON (Reuters) – The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much $400...
Maldives has seen the fifth highest percentage drop in GDP globally due to tourism loss from the coronavirus pandemic, according to a new study. Travel and...
Hulhule Island Hotel opened its doors in 2001 as the first transit hotel at the Maldives’ main Velana International Airport (then called Male International Airport). In...
(Reuters) – More than half the companies in Spain which closed at the height of the coronavirus pandemic have reopened, according to government data released on...
PARIS (Reuters) – The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in...