Cathay Pacific has announced a recapitalisation financing plan, worth HK $39 billion (US $5 billion), to preserve its operations amid the ongoing Coronavirus crisis. This includes Hong Kong taking a stake in … [read more]
The United States plans to ban Chinese airlines from operating flights to and from US airports, the Department of Transportation (DOT) announced on Wednesday. The order is effective starting June 16th and … [read more]
Mitsubishi Heavy Industries (MHI) has completed the acquisition of Bombardier’s Canadair Regional Jet (CRJ) aircraft programme on Monday. The takeover, valued at approximately $750 million, was announced back in June 2019. Last … [read more]
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