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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 ... read more

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 ... read more

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

By Hugo Martín

Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced ... read more

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 ... read more

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 ... read more

Nigerian Eagle Airlines to sell equity, reorganize debt

Nigerian Eagle Air

Nigerian Eagle Airlines to sell equity, reorganize debt

By Vivian Salama

Nigerian Eagle Airlines, which is 49 percent owned by Virgin Atlantic Airways Ltd., plans to ... read more

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 ... read more

Dubai's debt not a crisis, merely a blip

Expat Says It Is More Desirable

Dubai's debt not a crisis, merely a blip

By Andrea Milner

The Dubai debt crisis is not fazing Kiwi expats who see it as an epicenter of opportunity for ... read more

Emirates: Airline's debt is not guaranteed by Dubai

Emirates Airline

Emirates: Airline's debt is not guaranteed by Dubai

By STEFANIA BIANCHI

DUBAI - The debt of Emirates Airline, which has $50 billion worth of planes on order, is not ... read more

Dubai may be forced to use Emirates airline as debt collateral

Dubai

Dubai may be forced to use Emirates airline as debt collateral

By Dan Milmo, Elena Moya and Matt Scott

Dubai's flagship airline, Emirates, has emerged as a potential pawn in the city state's scramble ... read more

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

By BARBARA SURK

DUBAI, United Arab Emirates – Just a year after the global downturn derailed Dubai's explosive ... read more

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. ... read more

S&P puts Southwest Airlines on credit watch

Southwest Airlines

S&P puts Southwest Airlines on credit watch

By philly.com

Standard & Poor's has put Southwest Airlines Co. on credit watch with negative implications, ... read more

Honduras may suspend Taca airline over $1.3M debt

Taca Airlines

Honduras may suspend Taca airline over $1.3M debt

By AP

TEGUCIGALPA, Honduras — Honduras said it will suspend Taca Airlines flights in the country if ... read more

Mokulele Airlines tries to stay in business

Hawaii

Mokulele Airlines tries to stay in business

By AP

Mokulele Airlines could have its assets, including planes, seized by business partner Republic ... read more

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

By dw-world.de

Austria's government indicated on Monday that it would likely take over some of the debt of ... read more

Dollar Thrifty Automotive Group amends credit agreements for sixty days

Maintains Debt Covenant Compliance

Dollar Thrifty Automotive Group amends credit agreements for sixty days

By eTN

TULSA, OK - Dollar Thrifty Automotive Group, Inc.

read more

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