aviation

Aviation

Second pay cut in one month for SIA Engineering management as company scrambles to tighten costs

SINGAPORE (Apr 2): SIA Engineering (SIAEC) is ramping up its cost saving measures as the global economy grapples with an unprecedented collapse in demand for air travel due to the Covid-19 outbreak

Aviation

Global airlines raised more than US$17 bil from banks in weeks

(Mar 29): Airlines worldwide raised more than US$17 billion ($24.3 billion) in bank loans in March to shore up their finances amid the coronavirus outbreak.

Aviation

Down but not out: Aviation workers take on temp public service roles amid suspension of flights

SINGAPORE (Mar 27): Steep cuts to airline operations amid the Covid-19 outbreak might have led to the grounding of thousands of workers in Singapore, but some employees at aviation firms here have

Malaysia

Covid-19 could be impetus for MAS-AirAsia merger

(Mar 27): As airlines around the world take more drastic steps to continue operating as the Covid-19 outbreak virtually halts all travel, they are also calling for government support.

US Economy

Winners and losers in US$2 tril virus rescue plan passed by Congress

(Mar 27): Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue pa

Aviation

Desperate airlines switch passengers for cargo to stay alive

(Mar 26): Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Kore

CoVid-19

Large airlines could have 'adequate liquidity' but weaker players may be pushed to default amid virus outbreak: Moody's

Singapore (Mar 23): Large airlines have adequate liquidity to manage through a fairly significant short-term disruption through June, and a continuing but more moderate disruption through the third

Aviation

SIA slashes capacity by half, warns of further cost and capacity cuts

SINGAPORE (Mar 17): Singapore Airlines (SIA) is now operating at half of its original capacity, as countries around the world close borders in a bid to protect themselves against the escalating Cov

Aviation

Airport passenger traffic in Asia-Pacific set to plunge 24% in first quarter

(Mar 9): Airport passenger traffic in the Asia-Pacific region is expected to take a 24% hit in the first quarter from the coronavirus, leading to a US$3 billion ($4.2 billion) decline in airport re

Aviation

Coronavirus outbreak could cost airlines up to US$157 bil in lost revenue: IATA

(Mar 6): The novel coronavirus outbreak will cost the airline industry US$63 billion ($87 billion) to US$113 billion in lost revenue from passengers this year, the International Air Transport Assoc

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