Malaysia’s AirAsia X (AAX) is proposing to pay around 0.5 percent of the debt owed to its creditors, and to terminate all existing contracts in order to allow the long-haul low-cost carrier to restructure its liabilities, reports Reuters, citing a document that it had...
There is a ray of hope for one of the beleaguered African carriers. South African Airways is preparing to emerge from its self-inflicted collapse. The crisis-ridden airline is said to be preparing for a return to service by first operating domestically before...
Many years ago, African airlines dominated the skies of Africa. Gross mismanagement and corruption saw the end of promising airlines like Nigeria Airways, Ghana Airways, Air Afrique, and others that connected the continent. Worried by the situation, leaders in the...
The Boeing Company, after announcing intentions in its earnings call, has secured an additional $25 billion in debt to provide the cash cushion it needs to survive the SARS-Cv-2 crisis. But since the company’s credit rating has been cut to BBB- it appears that debt...
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