Malaysia’s AAX has proposed restructuring debt and reducing its issued share capital to avoid liquidation and pave way for fresh capital. Reuters
The COVID-19 pandemic has reshaped the global travel landscape and US no-frills carriers are pouncing, aviation experts said. As legacy airlines shrink to contain costs, budget carriers Spirit Airlines,
Singapore Airlines warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand.
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association (IATA) said on Wednesday, citing an internal survey.
His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Board of Directors of the Abu Dhabi National Oil Company (Adnoc), on Wednesday
The United Arab Emirates is celebrating its 50th National Day on Thursday with great pomp and show. The UAE has achieved massive economic success in the last 50 years and transformed itself to a highly preferred global investment
Prime Minister of Kazakhstan Askar Mamin paid an official visit to the United Arab Emirates, where he took part in the events within the framework of the National Day of Kazakhstan at the Expo 2020 Dubai. The ceremony of raising the