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Tesla Cuts Prices up to 6% in North America to Boost Demand

WIL BALDWIN May 27, 2020

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York Tesla Inc <TSLA> has cut prices of its electric vehicles by as much as 6% in North America…

Emirates Plans to Cut About 30,000 Jobs Amid Virus Outbreak

WIL BALDWIN May 18, 2020

(Reuters) - Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30% from more than 105,000 at the…

Korean Air to Issue $817 Million in New Shares as Virus Strains Industry

WIL BALDWIN May 14, 2020May 14, 2020

SEOUL (Reuters) - South Korea's largest airline, Korean Air, plans to sell around 1 trillion won ($816.55 million) in new shares in its biggest rights issue in 20 years to raise funds amid mounting strains…

Azul Airlines to Delay 59 Embraer Airplanes Until After 2024

WIL BALDWIN May 14, 2020

SAO PAULO, May 14 (Reuters) - Brazilian airline Azul SA said on Wednesday it had agreed with planemaker Embraer SA to delay the delivery of 59 E2 jets, with a list price of 24.5 billion…

Qantas Pauses Airplane Deliveries from Airbus and Boeing

WIL BALDWIN May 10, 2020May 10, 2020

Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia SYDNEY (Reuters) - Qantas Airways Ltd <QAN.AX> said on Monday it had advised Airbus SE <AIR.PA> and Boeing Co <BA.N> that it did…

Former Garuda Indonesia CEO Jailed for Eight Years for Bribery

WIL BALDWIN May 8, 2020

AKARTA (Reuters) - An Indonesian court on Friday jailed Emirsyah Satar, a former chief executive of Garuda Indonesia, for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his…

Aer Lingus to Review Social Distancing Following Packed Flight

WIL BALDWIN May 5, 2020May 5, 2020

LONDON (Reuters) - Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers. European flights have all but come to a standstill during the…

EU Clears 7 Billion Euros in State Aid for Air France-KLM

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Tesla Cuts Prices up to 6% in North America to Boost Demand

Korean Air to Issue $817 Million in New Shares as Virus Strains Industry

Azul Airlines to Delay 59 Embraer Airplanes Until After 2024

Qantas Pauses Airplane Deliveries from Airbus and Boeing

Airbus to Furlough 3,200 Staff at Broughton Factory in Wales

United Airlines Sells 22 Airplanes to Bank of China Aviation