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Latest Articles in aviation sector

China's Aviation Industry Suffers $4.9 Billion Loss In Second Quarter On Coronavirus Jolt

China's aviation industry has been recovering faster than most countries emerging from the COVID lockdowns, underpinned by a steady recovery in the domestic travel market after the epidemic was largely brought under control.

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Spike In Coronavirus Cases Sparks Fear Of Job Loss In US Aviation Sector

"Airline industry employment cannot simply be put back together overnight and mass layoffs will do great damage to the sector, with potentially irrevocable consequences."

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Emirates Lays Off More Pilots, Crew In Latest Round Of Job Cuts

Emirates Chief Operating Officer Adel Ahmad Al Redha told Reuters on June 25 not all of its 115 Airbus A380s would return to service this year and that the airline needed to review its strategy.

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Tata Sons In Talks To Buy Out AirAsia India Stake At Steep Discount

Tata Sons will likely tie up with other financial investors to acquire AirAsia's 49% stake in the venture, according to the newspaper.

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Malaysia's Airasia In Talks To Secure Funding Of Over $230 Million

Equities research firm CGS-CIMB said AirAsia would need 3 billion ringgit in new funding to maintain a healthy cash position, adding capital-raising efforts could result in shareholder dilution

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Boeing Settles Nearly All Lion Air 737 MAX Crash Claims

The company did not disclose how much it paid victims' families or estates. In 2019, Reuters reported that some Lion Air cases had been settled for at least $1.2 million per claim.

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Pakistan International Airlines To Ground Pilots For 'Dubious' Licences

A PIA Airbus A320 crashed on May 22 in the southern city of Karachi, killing all but two of those aboard.

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Lufthansa Shares Soar After Major Shareholder Backs Bailout Plan

The company struck a cost savings deal overnight with a union representing German flight attendants that would reap more than 500 million euros in savings.

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Airline EasyJet Raises $520 Million In Share Placing

The airline said it had placed a total of 59.5 million new ordinary shares at a price of 703 pence per share after announcing the move after the market's close on Wednesday.

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Virgin Australia Bondholders Launch Rival Proposal To Stop Private Equity Sale

The proposal involves a debt-to-equity swap among bondholders owed around A$2 billion ($1.39 billion) plus a fresh capital injection of around A$1 billion

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Japan Airlines To Raise Up To $4.7 Billion To Weather Coronavirus Slump

Yuji Akasaka told attendees at the company's annual shareholder meeting that JAL has already raised around 200 billion yen from lenders, a spokesman for the airline said.

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Lufthansa Warns Of Threat To Its $10 Billion Bailout Deal

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.

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Aviation Crisis Means Oil Demand To Stay Below Pre-Virus Levels Before 2022 - IEA

Reduced jet and kerosene deliveries will impact total oil demand until at least 2022 ... the aviation industry is facing an existential crisis

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EasyJet Resumes Flying With COVID-19 Measures In Place

Capacity will be at about 30% of usual in the busy July to September season, easyJet said

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Singapore Airlines, SilkAir To Reinstate Flight Services In June, July

According to an aviation expert, due to the COVID-19 outbreak, the aviation sector was badly affected worldwide in terms of operations and finances.

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