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Debt-ridden Kingfisher considering 2,000 job cuts

Kingfisher Airlines Debt-ridden Kingfisher considering 2,000 job cuts

NEW DELHI, India - In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, ...

British "holi-debts" reach GBP5.5 billion

Vacationing Brits overspent by more than GBP5.5 billion British "holi-debts" reach GBP5.5 billion

LONDON, England - Vacationing Britons overspent by more than GBP5.5 billion whilst on their holidays this summer, setting themselves up for months of repayments and cost-cutting, according to new ...

Debt-ridden Mexicana files for bankruptcy protection in  US and Mexico

Mexicana Airlines Bankrupt Debt-ridden Mexicana files for bankruptcy protection in US and Mexico

Hugo MartĂ­n

Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S.

Morgans Hotel Group refinances mortgage debt

Buys 5 More Years Morgans Hotel Group refinances mortgage debt

NEW YORK, NY - Unable to pay off it's mortgage loan due to mature in November 2010, the Morgans Hotel Group Co. refinanced its mortgage debt in full with the new loan maturing in July 2015.

Delta Air Lines CEO: Carriers must reduce debt and lower costs further

Airline Industry Delta Air Lines CEO: Carriers must reduce debt and lower costs further

Delta Air Lines Inc. chief executive Richard Anderson said his industry is moving into an "up cycle" and that carriers must reduce debt and lower costs further to weather future slumps.

Nigerian Eagle Airlines to sell equity, reorganize debt

Nigerian Eagle Air Nigerian Eagle Airlines to sell equity, reorganize debt

Vivian Salama

Nigerian Eagle Airlines, which is 49 percent owned by Virgin Atlantic Airways Ltd., plans to sell equity and reorganize its debt in a transaction worth about $450 million, said Ernst & Young ...

Continental Airlines plans $200M debt offering

Continental Airlines Continental Airlines plans $200M debt offering

HOUSTON - Continental Airlines Inc. said Monday it plans a $200 million offering of convertible senior notes due 2015.

Dubai's debt not a crisis, merely a blip

Expat Says It Is More Desirable Dubai's debt not a crisis, merely a blip

Andrea Milner

The Dubai debt crisis is not fazing Kiwi expats who see it as an epicenter of opportunity for career and lifestyle.

Emirates: Airline's debt is not guaranteed by Dubai

Emirates Airline Emirates: Airline's debt is not guaranteed by Dubai

STEFANIA BIANCHI

DUBAI - The debt of Emirates Airline, which has $50 billion worth of planes on order, is not guaranteed by Dubai's government, an official at the company said Thursday.

Dubai may be forced to use Emirates airline as debt collateral

Dubai Dubai may be forced to use Emirates airline as debt collateral

Dan Milmo, Elena Moya and Matt Scott

Dubai's flagship airline, Emirates, has emerged as a potential pawn in the city state's scramble for financial stability.

Dubai asks for 6-month reprieve to pay its bills

Debt in Dubai delay rattles investors Dubai asks for 6-month reprieve to pay its bills

BARBARA SURK

DUBAI, United Arab Emirates – Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its ...

Report: JAL will need $3.3 billion

Japan Airlines Report: JAL will need $3.3 billion

A government task force working on a turnaround plan for Japan Airlines International Co. Ltd.

Southwest Airlines S&P puts Southwest Airlines on credit watch

philly.com

Standard & Poor's has put Southwest Airlines Co. on credit watch with negative implications, after the carrier reported a first-quarter loss that was larger than expected.

Honduras may suspend Taca airline over $1.3M debt

Taca Airlines Honduras may suspend Taca airline over $1.3M debt

AP

TEGUCIGALPA, Honduras — Honduras said it will suspend Taca Airlines flights in the country if the company does not pay a $1.3 million debt to the government within a week.

Mokulele Airlines tries to stay in business

Hawaii Mokulele Airlines tries to stay in business

AP

Mokulele Airlines could have its assets, including planes, seized by business partner Republic Airways as soon as the close of business Wednesday.

Austria looks to take on airline debt ahead of sale

Austrian Airlines: Russians Or Germans? Austria looks to take on airline debt ahead of sale

dw-world.de

Austria's government indicated on Monday that it would likely take over some of the debt of Austrian Airlines before selling it.

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