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Global airlines brace for $113 billion revenue hit from coronavirus

The International Air Transport Association (IATA) has announced a dramatic increase in the damage of the coronavirus to the global airline industry. It said the losses in sales could reach up to $113 billion if Coronavirus Disease 2019 (COVID-19) continues to spread. This amount is way too high from what IATA previously expected in lost […]

British airline Flybe maintains operations amid collapse threat

The England-based airline Flybe has maintained normal flights despite media claims that it is currently in talks over emergency financing following huge losses. It was...

Extension of coronavirus travel ban worsens Thai Airways problems

The Civil Aviation Authority of Thailand (CAAT) declared an extension in its existing travel restrictions until April 18 as the government ramps up efforts...

Airline traffic in Asia plunged in February due to coronavirus

The Association of Asia Pacific Airlines (AAPA) announced on Thursday that the international passenger demand in the region fell by 43.9% in February as a...

Indian ridesharing giant launches in London

Ola, an Indian ride-hail company, began its operations in London on Monday as part of its continued expansion in the United Kingdom. The firm, which...

Philippine government releases list of coronavirus-related travel bans affecting the country

As the number of confirmed coronavirus cases in the Philippines continues to rise, the national government has reiterated the travel restrictions it has imposed...

Toyota invests $394 million in Californian taxi maker

Japanese auto giant Toyota has recently invested $394 million into the “flying taxi” of Joby Aviation—a Californian-based aerospace company.  Toyota is set to manufacture a...

High energy costs trigger unrest in parts of Europe.

MADRID Spain: High energy costs are stoking unrest in parts of Europe, with Spain deploying more than 23,000 police officers in cars and helicopters....

Volkswagen hit with $34 Billion fine over diesel scandal; shares plan...

The world’s largest carmaker, Volkswagen, disclosed that it will spend a sum of $34.69 billion equivalent to 31.3 billion euros to pay fines and...

Auto companies struggle as China locks down “motor city”

Three automobile companies are among the businesses that were reportedly hit following the Chinese government’s decision to shut down Wuhan City which is the epicenter of the deadly novel coronavirus (nCov). Wuhan is considered as China’s “motor city” for it houses large manufacturing plants including those of the global carmakers Renault (RNLSY), Honda (HMC) and Peugeot owner PSA Group (PUGOY). As […]

Pilots Association sues American airlines to stop China flights

The Allied Pilots Association (APA), a labor union representing American Airlines pilots, filed a lawsuit against the carrier to immediately halt US to China operations. CBS network reported that APA sued American Airlines in Dallas County on January 30 as it seeks for a temporary restraining order to stop China flights amid the coronavirus. In a […]

Chinese city put on lockdown as coronavirus death toll rises

The Chinese government on January 23 ordered to put Wuhan City on lockdown to prevent the spread of the novel coronavirus (nCov). Wuhan City, which has an 11 million population, is at the center of the SARS-like virus that killed more than a dozen of Chinese citizens and has infected hundreds of people not only […]

Philippine Airlines provides free changes to China flights amid nCov

As the new strain of coronavirus continues to spread worldwide, the Philippine Airlines (PAL) announced that its passengers with booked tickets to some destinations in China can change their schedules without charge. The flag carrier said that those who have scheduled flights to Beijing, Guangzhou, Hong Kong, Jinjiang, Shanghai, Macau and Xiamen, from January 24 […]

2 execs of Thai aviation industry resign amid coronavirus crisis

The president of Thai Airways and the director of Suvarnabhumi International Airport have separately tendered their resignation letters on March 12 as the coronavirus...

India’s travel ban on Singapore threatens tourism

The Government of India added Singapore to its travel ban list to control the deadly coronavirus outbreak. On Saturday, India released a travel advisory asking citizens to avoid non-essential travel to Singapore. Analysts say that the new advisory will restrain tourist inflow into Singapore considering that India is among its top sources of international visitors. […]

Qatar Airways seeks government aid to keep flying

Several airlines have already suspended operations amid the travel restrictions imposed due to the coronavirus pandemic, but Qatar Airways said it continues to operate...

Biden will travel to Europe for Ukraine talks: White House

WASHINGTON USA: — President Joe Biden will travel to Europe next week for face-to-face talks with European leaders about the Russian invasion of Ukraine,...

Singapore Airlines grounds hundreds of planes, trims 96% of capacity

A total of 185 out of 196 aircrafts of the Singapore Airlines (SIA) will be grounded amid the intensified border controls worldwide in efforts...

Volkswagen eyes settlement with customers over ‘dieselgate’ scandal

Germany's largest car company Volkswagen has confirmed entering a discussion with the Federation of German Consumer Organisations or Verbraucherzentrale Bundesverband (VZBV) for possible settlement...

India implements stricter visa rules amid coronavirus

The Indian Government has tightened its visa rules as they become one of the 25 countries that have been affected by the novel coronavirus...

Over 300 tourists in Aklan, Philippines already sent back to Wuhan,...

Philippine authorities said some 314 Chinese tourists in Kalibo, Aklan have been forcibly repatriated to novel coronavirus (nCov)-stricken Wuhan, China as of January 26. They are among the 500 passengers who left Wuhan and were bound for Boracay before the total lockdown was imposed by the Chinese government. Despite originally scheduled to return to China […]

Crude oil prices stay muted in 1H amid altered oil flows...

Dated Brent prices are expected to remain relatively flat in the first half of 2023. On ample inventories despite persistent supply risks. With an...

Uber co-founder Travis Kalanick to resign from ride-hailing giant board

Uber’s co-founder and former CEO Travis Kalanick is set to step down from the board of directors of the world’s largest ride-hailing company effective December 31. Kalanick...

Cathay Pacific offers unpaid leave to staff amid financial loss

In an aim to cope with the financial damage caused by protests, Hong Kong’s Cathay Pacific Airways has offered up to one month of unpaid...

SpaceX launches 3 visitors to the space station for $55M each

CAPE CANAVERAL, Florida USA: SpaceX launched three rich businessmen and their astronaut escorts to the International Space Station on Friday. For more than a...

Philippines cancels flights due to Taal Volcano eruption

Philippines’ Taal Volcano, located near its capital city Manila, erupted Sunday afternoon, forcing airline companies to cancel several flights. The Ninoy Aquino International Airport (NAIA) stopped...

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