Showing 1-10 of 32 results
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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