Pandemic drags Emirates to $5.5 bln loss, its first in 33 years
Emirates said Dubai’s government would continue to support the airline through the coronavirus pandemic after posting an annual loss of $5.5 billion, its first in more than three decades.
Aon’s $30 bln Willis bid set for EU okay in late June, early July – sources
Insurance broker Aon’s (AON.N) $30 billion bid for Willis Towers Watson (WLTW.O), the biggest ever in the sector, is expected to get the EU antitrust green light later this month or in early July, people familiar with the matter said.
U.S. forming expert groups on safely lifting global travel restrictions
The Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine how best to safely restart travel after 15 months of pandemic restrictions, a White House official said on Tuesday.
Cathay Pacific given extension to draw down $1 bln govt loan
Cathay Pacific Airways Ltd (0293.HK) said on Tuesday that the Hong Kong government had agreed to extend the drawdown period for a HK$7.8 billion ($1.01 billion) loan facility by a year to June 2022, giving it more flexibility to manage liquidity.
Air Canada executives to return bonuses after government aid outcry
Top executives at Air Canada (AC.TO) will return their bonuses and share awards, the carrier said on Sunday, in response to “public disappointment” over executive compensation at the airline, which received government aid in April.
Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears
The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
EXCLUSIVE Boeing offers new 777X freighter as Qatar eyes order, airline says
Qatar Airways is weighing a multibillion-dollar investment with a potential order for 30 or more freighters, attracting interest from Boeing Co (BA.N), which has begun offering a freighter version of its future 777X jetliner, the airline’s chief executive said.
The $15 billion jet dilemma facing Boeing’s CEO
Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say.
Germany may take part in Lufthansa capital increase – report
Germany is leaning towards participating in a planned 3 billion euro capital increase at Lufthansa (LHAG.DE) to limit a dilution of its 20% stake in the airline and ensure the refinancing measure is successful, Bloomberg reported on Wednesday.
Cathay Pacific to recruit more local pilots despite plunge in travel demand
Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) has resumed recuiting pilots with residency rights in the territory as part of medium- to long-term planning, the airline said on Tuesday, despite having much of its fleet parked due to the pandemic.
