Showing 1 - 10 of 32
Garuda Indonesia halves debt, on track for profit
Reuters, Published on 28/06/2022
» JAKARTA: Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on Tuesday.
Airlines pledge to stabilise rocky recovery
Reuters, Published on 21/06/2022
» DOHA: Global airlines wrapped up an annual summit on Tuesday by pledging to overcome operational problems that have marred the industry's recovery from the Covid-19 pandemic.
Thai Airways to sell 42 jets, cut workforce to reduce costs
Reuters, Published on 01/11/2021
» Thai Airways International Plc will sell 42 planes and cut nearly a third of its workforce as part of a plan to slim down the fleet and cut costs, the head of its restructuring committee said on Monday.
Malaysia's AirAsia X proposes paying just 0.5% of $8bn debt
Reuters, Published on 18/10/2021
» KUALA LUMPUR: AirAsia X Bhd (AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit (US$8.1 billion) of liabilities, a document seen by Reuters shows.
7 Thai airlines seek B5bn in government soft loans
Reuters, Published on 21/07/2021
» A group of seven airlines are seeking a combined 5 billion baht in low interest loans from the government to help weather the effects of the coronavirus crisis, the Thai Airlines Association said on Wednesday.
Court nod paves way for makeover of THAI B400bn debt
Reuters, Published on 15/06/2021
» Thai Airways International won court approval on Tuesday for restructuring its 400-billion-baht debt load as the airline that is already under bankruptcy protection seeks to turn around its fortunes.
Thai Airways says will cut workforce by half
Reuters, Published on 02/03/2021
» Thai Airways International said on Tuesday it planned to cut 50% of its workforce in the next few years, as the troubled flag carrier submitted its rehabilitation plan.
Thai Airways says it has cut about 240 executive positions
Reuters, Published on 19/02/2021
» Thai Airways International announced on Friday it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process.
Malaysian court asked to halt AirAsia X restructuring that ‘favours Airbus’
Reuters, Published on 15/12/2020
» KUALA LUMPUR: Lessor BOC Aviation Limited (BOCA) has asked a Malaysian court to dismiss AirAsia X Bhd's debt restructuring scheme as it rules out a debt-to-equity swap and gives too much power to Airbus as a creditor, an affidavit filed by a top BOCA executive shows.
B214bn borrowing approved to cover revenue shortfall
Reuters, Published on 18/08/2020
» The cabinet on Tuesday approved a 214-billion-baht borrowing plan for a revenue shortfall in the current fiscal year to September, due to the impacts of the coronavirus pandemic, a government official said.