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Singapore Airlines secures $13 billion to survive coronavirus and grow after

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

Category: topSource: reutersMar 26th, 2020

Singapore Airlines obtains $13 billion rescue package amid coronavirus shock

State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic......»»

Category: topSource: reutersMar 27th, 2020

Singapore Airlines latest to get massive rescue amid coronavirus crisis

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

Category: topSource: reutersMar 27th, 2020

Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock

Singapore Airlines (SIA) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak......»»

Category: topSource: reutersMar 26th, 2020

American Airlines secures $1 billion credit line to deal with coronavirus crisis

American Airlines Group Inc has secured a new year-long $1 billion credit line, taking its available liquidity to $8.4 billion, a regulatory filing showed on Thursday......»»

Category: topSource: reutersMar 19th, 2020

: Airlines urgently need up to $200 billion to survive as coronavirus pushes industry deeper into crisis

Airlines will run out of cash in three months unless they get emergency government help......»»

Category: topSource: marketwatchMar 18th, 2020

U.S. airlines urgently need $50 billion in grants, loans - letter

A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak......»»

Category: topSource: reutersMar 16th, 2020

After coronavirus stimulus passes, Delta, United say no pay cuts or furloughs

The stimulus package earmarks $25 billion in funds to assist U.S. airlines with payment of employee salaries and benefits......»»

Category: topSource: foxnewsMar 27th, 2020

Airline employees are safe from being laid off for now, but United warns that job cuts may be on the horizon if the coronavirus pandemic rages on for as long as expected

ASSOCIATED PRESS The bipartisan coronavirus aid package passed by Congress on Friday offers $58 billion to the nation's airlines, split evenly between loans and payroll gra.....»»

Category: topSource: businessinsiderMar 27th, 2020

Airlines will get the $60 billion bailout they asked for in the coronavirus stimulus bill that just passed in the House — it also prohibits layoffs, stock buybacks, and dividends (AAL, DAL, UAL, LUV, JBLU)

David McNew/Getty The bipartisan coronavirus aid package offers $58 billion to the nation's airlines, split evenly between loans and payroll grants. The coronavirus bailout package, which aligns with requests.....»»

Category: topSource: businessinsiderMar 27th, 2020

Singapore Airlines secures $13 bln lifeline

Singapore Airlines has secured $13 bin in financial aid, marking the single biggest package agreed by any airline since the pandemic began. Julian Satterthwaite reports......»»

Category: videoSource: reutersMar 27th, 2020

Singapore Airlines secures $13 bin lifeline

Singapore Airlines has secured $13 bin in financial aid, marking the single biggest package agreed by any airline since the pandemic began. Julian Satterthwaite reports......»»

Category: videoSource: reutersMar 27th, 2020

World"s ailing airlines appeal for aid as U.S. offers $58 billion

Global airlines urged the world's major economies to act quickly to prevent irreversible damage to an industry that has seen demand decimated almost overnight by the coronavirus crisis......»»

Category: topSource: reutersMar 26th, 2020

IATA pleads for more help for airlines after U.S. offers $58 billion aid

The International Air Transport Association (IATA) on Thursday urged the world's major economies to act quickly to prevent irreversible damage to an airline industry that has seen demand crushed by the coronavirus crisis......»»

Category: topSource: reutersMar 26th, 2020

U.S. offers $58 billion aid to airlines as governments seek to avert bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules......»»

Category: topSource: reutersMar 26th, 2020

Britain-based airlines seek industry tax breaks in coronavirus battle

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill......»»

Category: topSource: reutersMar 26th, 2020

Coronavirus: Latest news

Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends. McDonald's is cutting its menu and stopping serving breakfast all day.....»»

Category: topSource: businessinsiderMar 25th, 2020

Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends (AAL, DAL, UAL, LUV, JBLU)

David McNew/Getty A bipartisan coronavirus aid package in the Senate offers $58 bi.....»»

Category: topSource: businessinsiderMar 25th, 2020

U.S. Senate bill to grant airlines bailout to weather coronavirus

The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 2020

Qantas shares soar on financing deal as rivals cut more capacity

Qantas Airways Ltd on Wednesday secured A$1.05 billion ($627.8 million) against its aircraft fleet to help it ride out the coronavirus crisis, sending shares up 30%, as airlines in the Asia-Pacific region sliced away capacity and jobs......»»

Category: topSource: reutersMar 24th, 2020

Airlines beg for rescue as coronavirus hit soars to $250 billion

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion......»»

Category: topSource: reutersMar 24th, 2020