Air France-KLM Nears Bilout with Advanced Guarantees
Aerospace News

Air France-KLM Nears Bailout with Advanced Guarantees

Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources stated, after France agreed to greater guarantees on loans designed to tide the airline group via the coronavirus crisis. Paris is able to vouch for […]

Thyssenkrupp Discussing Warship Unit Merger with Local Rivals
Aerospace News

Thyssenkrupp Discussing Warship Unit Merger with Local Rivals

German group Thyssenkrupp is in talks about possibly merging its unit ThyssenKrupp Marine Systems (TKMS) with a domestic competitor to form a national champion. The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that […]

U.S. Treasury Seeks Details on Airline Debt, Liquidity
Aerospace News

U.S. Treasury Seeks Details on Airline Debt, Liquidity

U.S. Treasury delegates have asked airways to seek government payroll assist in providing additional detailed info on capital structure, liquidity, and loyalty programs. Airlines’ daily money burn rates, once they expect to run out of cash and their finest estimates […]

Airbus Cuts Jetliner Manufacturing to Deal With COVID-19 Crisis
Aerospace News

Airbus Cuts Jetliner Manufacturing to Deal With COVID-19 Crisis

Airbus introduced plans Wednesday to cut jetliner manufacturing throughout the board after the coronavirus epidemic triggered aviation’s worst industrial crisis and drastically decreased deliveries to cash-starved airlines. In its largest-ever manufacturing adjustment, the European producer mentioned it was lowering the […]

Australia’s Treasury Wine Wrights Penfold’s Demerger
Business News

Australia’s Treasury Wine Wrights Penfold’s Demerger

Australia’s Treasury Wine Estates stated it could spin off the prestigious Penfolds label and shrink its low-end “business” division in the U.S. because it seeks ways to grow profit amid upheaval brought by the coronavirus crisis. The world’s biggest stand-alone […]