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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

U.S. Treasury talks continue on $25 billion in aviation grants

Talks between U.S. airlines and the Treasury Department over how to award $25 billion in cash grants earmarked for payroll assistance due to the coronavirus outbreak were set to continue into the evening Tuesday, people briefed on the matter said......»»

Category: topSource: reuters13 hr. 6 min. ago

Airlines cannot afford to refund cancelled tickets: IATA

Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive......»»

Category: topSource: reutersApr 7th, 2020

Peugeot parent secures further 3 billion euros of loans

Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis......»»

Category: topSource: reutersApr 6th, 2020

Carmaker PSA secures further 3 billion euros worth of loans

French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis......»»

Category: topSource: reutersApr 6th, 2020

What"s in the U.S. small business rescue program?

Amid confusion over a $349 billion rescue program for small businesses struggling to survive the coronavirus pandemic, the U.S. Treasury released guidelines it hopes will pave the way to getting the spigots flowing on Friday, as promised......»»

Category: topSource: reutersApr 2nd, 2020

Why Paine Field may get no help under federal program to help airports during coronavirus pandemic

The federal government has set aside a $10 billion special fund for airports across the United States to help them prepare for and survive the coronavirus pandemic. Under current eligibility criteria, Paine Field won't qualify for any aid......»»

Category: topSource: bizjournalsApr 2nd, 2020

Exclusive: KKR shelves $2 billion sale of Singapore-based Goodpack due to market slump: sources

KKR & Co has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources with knowledge of the matter said on Wednesday......»»

Category: topSource: reutersApr 1st, 2020

Crisis-hit airlines face crippling cash squeeze, IATA says

Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge because of the coronavirus crisis......»»

Category: topSource: reutersMar 31st, 2020

EasyJet grounds fleet as pandemic pushes airlines to the brink

British budget airline easyJet has grounded its fleet of 344 planes and has no clear idea when it might resume flights, it said on Monday, highlighting the strain on airlines trying to survive the coronavirus pandemic......»»

Category: topSource: reutersMar 30th, 2020

EasyJet grounds entire fleet as coronavirus pushes airlines to brink

British low cost airline easyJet said it had grounded its entire fleet of over 330 aircraft and had no visibility on when it could restart flights, highlighting the heavy strain on airlines trying to survive to fly again after coronavirus......»»

Category: topSource: reutersMar 30th, 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