Aviation


EU commits to green trade plan as Fed warns of climate change impact  

EU commits to green trade plan as Fed warns of climate change impact  

The European Union will make fighting the climate emergency central to its trade policy, push for major reform at the WTO and continue to be assertive in its dealings with the US and China, according to a new strategy revealed on Thursday.The new thinking on EU trade policy came with …

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India offers tax incentives to draw aircraft leasing operations

India offers tax benefits to draw aircraft leasing operations

(ATF) India's budget for 2021 finally had good news for its battered aviation sector. In a bid to attract foreign aircraft lessors to set up shop in the country, the government on Monday rolled out tax incentives for companies that open operations at the International Financial Services Centre (IFSC) in …

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China's indebted HNA Group reports $10 billion embezzlements

China's indebted HNA Group reports $10 billion embezzlements

(ATF) Three units of the deeply indebted HNA Group said nearly $10 billion had been embezzled by shareholders in disclosures to stock exchanges as the once high-flying conglomerate teetered on the edge of collapse.A total of 61.5 billion yuan ($9.57 billion) had been embezzled by shareholders and other related parties, …

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Cathay Pacific warns of capacity cuts if it’s landed with quarantine rules  

Cathay Pacific warns of capacity cuts if it’s landed with quarantine rules  

Cathay Pacific Airways has warned its passenger capacity could be cut by about 60% and its monthly cash burn rise if Hong Kong installs new measures that require flight crew to quarantine for two weeks.Hong Kong's flagship carrier said the expected move will increase cash burn by about HK$300 million …

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IndiGo flying high as it tightens grip in India and targets growth abroad 

IndiGo flying high as it tightens grip in India and targets growth abroad 

India's IndiGo has emerged as one of the world's biggest airlines, aided by a swift recovery in its domestic aviation market – to nearly 80% of pre-pandemic levels – and the financial muscle to boost market share as its rivals struggle.The airline is now the world's seventh biggest by capacity …

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Triple whammy puts Cathay investors on guard

Triple whammy puts Cathay investors on guard

(ATF) Cathay Pacific Airways investors have been buffeted by a triple whammy of bad news with second-half losses expected to surge, an immigration crackdown threatening staff levels and data showing passenger numbers plummeting.Adding to the gloom, Hong Kong – where the airline is based - has reported a recent surge …

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Cathay Pacific to lay off 25% of staff

Cathay Pacific to lay off 25% of staff

Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" impacts of the coronavirus pandemic.Across the globe, airlines have been hammered as the pandemic has slashed international travel, and they face a long, …

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Travel bubble first hopes to boost HK, Singapore air industry

Travel bubble first hoped to ease HK Singapore air industry

(ATF) A pioneering flight travel bubble arrangement has been signed between Hong Kong and Singapore, restoring connections between the Asian entrepots that had been grounded to halt following the spread of coronavirus.In what they two cities called a groundbreaking first, passengers will have to undergo a swab test for the …

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