Showing 1 - 10 of 39
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.
Asia tourism reopens with big-spending Chinese stuck at home
Reuters, Published on 04/11/2021
» Asia's gradual easing of international travel curbs is proving a welcome relief for the region's hard-hit tourism operators slowly opening up to visitors from around the world - with one giant exception.
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.
Govt expects 140 million doses of Covid-19 vaccines this year
Reuters, Published on 29/08/2021
» As many as 140 million doses of coronavirus vaccines are expected this year as the country ramps up inoculation to fight its biggest wave of infections, which shows some signs of easing, a government spokesman said on Sunday.
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.