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British Airways Plans to Sell Shares and Avoid Bailout

WIL BALDWIN July 26, 2020

British Airways is scrapping all its Boeing 747 jumbo jets. It’s cutting capacity to prepare for years of weak demand for air travel. Now Reuters sources say owner IAG has a plan to get its…

Air New Zealand Lays Off 3,500 Employees as Virus Halts Travel

WIL BALDWIN March 31, 2020

(Reuters) - Air New Zealand <AIR.NZ> said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to…

South Korea Pension Fund Backs Korean Air Chairman

WIL BALDWIN March 26, 2020March 26, 2020

SEOUL, March 26 (Reuters) - South Korea's National Pension Service (NPS) will vote for Hanjin Group chairman Walter Cho to keep his board seat in Korean Air's parent firm Hanjin Kal at a shareholders' meeting…

Hong Kong to Allow Airlines to Keep Airport Slots Despite Cutting Capacity

WIL BALDWIN November 28, 2019

Nov 29 (Reuters) - Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to weak travel demand through March, according…