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El Al Israel Airlines chairman steps down for medical reasons

JERUSALEM (Reuters) – The chairman of El Al Israel Airlines (ELAL.TA), Eli Defes, is stepping down immediately because of an undisclosed medical condition, he said on Sunday. Defes joined El Al’s board in 2015 and became chairman in 2017. It was not immediatel... More »

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Work begins on black boxes from Ukrainian jet downed by Iran

PARIS (Reuters) – Investigators have begun work on the flight recorders from the Ukrainian jet accidentally shot down by Iran in January, France’s BEA accident investigation bureau said on Monday. Iranian forces say they downed the Ukraine International Airlin... More »

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France reduces Chinese flights to Paris in tit-for-tat row

PARIS (Reuters) – France’s government on Monday started restricting Chinese airlines to one passenger flight to France per week, saying it was acting in response to restrictions imposed by Beijing on French carriers flying to China. “From July 13, Chinese comp... More »

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BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet

(Reuters) – Aircraft leasing company BOC Aviation (2588.HK) said on Tuesday it had cancelled an order for 30 Boeing (BA.N) 737 MAX planes although its chief executive remained confident in the jet which has been grounded for more than a year. The lessor, which... More »

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EasyJet says Haji-Ioannou family holding drops below 30%

LONDON (Reuters) – British low-cost airline easyJet (EZJ.L) said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the company. Stelios Haji-Ioannou founded easyJet, and along with family members remains its biggest sharehold... More »

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Britain locks down city of Leicester after COVID-19 flare-up

LEICESTER, England (Reuters) – Britain has imposed a stringent lockdown on the English city of Leicester following a local flare-up of the novel coronavirus, overshadowing Prime Minister Boris Johnson’s attempts to nudge the country back to normality. The Unit... More »

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United Airlines pledges loyalty program for $5 billion loan

CHICAGO (Reuters) – United Airlines (UAL.O) said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand. So f... More »

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British Airways turns to Damien Hirst in its hour of need

LONDON (Reuters) – British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous artists like Damien Hirst to raise millions of pounds to help it through the coronavirus pandemic. The... More »

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Hong Kong spearheads $5 billion Cathay Pacific rescue package

SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways (0293.HK), which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The government’s involvement in the recapitalisatio... More »

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Indonesia resumes domestic air travel, coronavirus cases jump

JAKARTA (Reuters) – Indonesia has resumed domestic flights for all passengers provided airlines operate at 70% capacity and follow strict rules brought into force on Tuesday, when the country announced its biggest daily rise in cases of the novel coronavirus. ... More »

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Abu Dhabi’s Etihad cuts hundreds of jobs: sources

DUBAI (Reuters) – Abu Dhabi’s Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to ground flights, according to industry and company sources. The state-owned airline, which had 20,530 e... More »

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U.S. airline shares tumble as Buffett sell-off adds to worries

(Reuters) – Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway (BRKa.N) offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry. U.S. airline... More »

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Germany should only carefully lift virus restrictions: minister

BERLIN (Reuters) – Germany’s economy minister urged the country’s 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and being forced to backtrack later. Under Germany’s decentralised political ... More »

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Coronavirus pandemic inspires demand for UV airplane cleaner

(Reuters) – U.S. President Donald Trump’s suggestion that ultraviolet light could be inserted into coronavirus patients was widely panned on Friday, but a California company thinks it’s a perfect solution for decontaminating airplanes. Dimer UCV Innovations cr... More »

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FCC approves Ligado plan to deploy mobile broadband network

WASHINGTON (Reuters) – The five-member Federal Communications Commission voted unanimously to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal age... More »

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‘Rice ATM’ feeds Vietnam’s poor amid virus lockdown

HO CHI MINH CITY (Reuters) – A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus. Vietnam... More »

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EasyJet founder says will not inject fresh equity into company

(Reuters) – Stelios Haji-Ioannou, the founder of easyJet Plc (EZJ.L), has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE (AIR.PA) for 4.5 billion pounds ($5.50 billion), according to a letter here... More »

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Brazilian rapper warns of coronavirus danger in Brazil’s slums

RIO DE JANEIRO (Reuters) – Brazilian rapper MV Bill added his voice to a chorus of criticism of President Jair Bolsonaro for downplaying the gravity of the new coronavirus epidemic in a video clip that urges people to protect themselves. His rap “Quarantine” r... More »

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South Africa’s confirmed coronavirus cases jump by 128 to 402

JOHANNESBURG (Reuters) – South Africa’s Health Minister Zweli Mkhize said on Monday that the number of confirmed coronavirus cases had risen to 402, a jump of 128 since Sunday’s announcement that could worry public health experts concerned about the country’s ... More »

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Shops close across Turkey, dimming hopes of a boom year

ISTANBUL/ANKARA (Reuters) – Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of thousands of workers after Ankara pledged $15 billion in support and advised Turks to ... More »

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Mexican government rejects reports of first coronavirus death

MEXICO CITY (Reuters) – Mexico’s health ministry late on Sunday rejected media reports that the country had registered its first coronavirus death, saying that the person reported to have died, businessman Jose Kuri, was alive but in critical condition. Earlie... More »

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Louvre museum closed again as workers fret over coronavirus

PARIS (Reuters) – The Louvre museum in Paris shut its doors to art lovers and tourists for a second day on Monday as management held talks with workers over the risks associated with coronavirus. Queues quickly formed in the rain outside the world’s most visit... More »

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Coronavirus expected to hurt U.S. earnings harder and longer

NEW YORK (Reuters) – The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict. Wall Street strategists have been slashing forecasts as the impact from the virus is set to be felt far further than the first quart... More »

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Kuwait, Bahrain report coronavirus in people who visited Iran

DUBAI (Reuters) – Kuwait and Bahrain on Monday recorded their first new coronavirus cases, all involving people who had visited Iran, which has reported 43 cases of the disease, state media said. Kuwait detected the virus in three people among 700 who had been... More »

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Qatar to quarantine passengers arriving from Iran, South Korea

DUBAI (Reuters) – Qatar will ask passengers arriving from Iran and South Korea to remain in home isolation or a quarantine facility for 14 days over fears of new coronavirus outbreak, Qatar Airways said in a statement on Monday. Source: https://www.reuters.com... More »

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Factbox: Latest on coronavirus spreading in China and beyond

(Reuters) – Here are the latest developments around the coronavirus outbreak: *The death toll in mainland China reached 1,770 as of Sunday-end, up by 105 from the previous day, while there were 2,048 new cases, bringing the total count to 70,548. *In Hubei pro... More »

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Airlines face growth warning as virus curtails Singapore Airshow

SINGAPORE (Reuters) – Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaled back plans on Monday. The Singapore Air... More »

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British Airways-owner IAG says Willie Walsh to stand down

LONDON (Reuters) – Willie Walsh, the chief executive of British Airways-owner IAG (ICAG.L), will step down from the airlines group he helped to build later this year and hand the reins to a key lieutenant, Luis Gallego. Walsh had said in November that successi... More »

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Iran investigation says Ukrainian jet was on fire before crash

DUBAI (Reuters) – A Ukrainian airliner was on fire immediately before it crashed southwest of Tehran, killing all 176 on board, according to an initial report by Iranian investigators. The Ukrainian International Airlines Boeing 737-800, flying to Kiev and car... More »

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WHO says new virus may have caused China pneumonia outbreak

LONDON/BEIJING (Reuters) – A cluster of more than 50 pneumonia cases in China’s central city of Wuhan may be due to a newly emerging member of the family of viruses that caused the deadly SARS and MERS outbreaks, World Health Organization (WHO) said on Wednesd... More »

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Lufthansa to sell rest of catering unit LSG in 2020

BERLIN (Reuters) – Lufthansa (LHAG.DE) will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland’s Gategroup (GGRUF.PK) early next year, the German carrier said on Monday. Lufthansa announced last month it is selling the Eur... More »