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Ailing Polish carrier LOT may ask for another government loan

WARSAW, Poland - Poland's ailing airline Lot may need to ask the government for another loan after its loss last year could have exceeded 200 million zlotys ($64 million), its chief executive was quot

Gulf Air’s future hangs in the balance

(eTN) - Sources from Bahrain have confirmed that the Kingdom’s lower house of parliament has rejected a proposed bailout plan presented by the airline, worth $1.75 billion and referred the matter to

India considering bailout for its troubled airlines

NEW DELHI, India - With all scheduled airlines, except low-cost carrier (LCC) IndiGo, deep in red, the government is planning to work out a package for this ailing sector.

Mallya: Sahara not pumping money into cash-strapped Kingfisher

LUCKNOW, India - The presence of Vijay Mallya, chairman of Kingfisher Airlines, in Lucknow today triggered speculation about a possible deal between him and the Sahara Group to bail out the beleaguere

Minister: Government bailout for Kingfisher “not possible”

NEW DELHI, India - Cash-strapped Kingfisher airlines that has been in the news for numerous flight cancellations in the past few days, has now approached the government for help.

Sarkozy: Letting Greece into Eurozone was a mistake

NEW YORK - At long last, European leaders took a significant step forward on the long road toward resolving the eurozone's debt crisis.

Greece bailout hailed by UK travel industry

The British travel industry reacted positively today to news of the bailout package agreed for debt-laden Greece.

Greece has a silver lining – it is called tourism

Greece’s ongoing multi-level clashes over its economic woes have caught the world’s attention anew.

With Borja gone, who will run Mexicana?

MEXICO CITY - Ownership changes at struggling airliner Grupo Mexicana appear to have left the company without a chief executive as it navigates bankruptcy proceedings, with the new owners remaining ti

Nigerian airlines bailed out by the government

LAGOS, Nigeria — A spokesman for Nigeria's Central Bank says the West African nation has extended a $3.3 billion bailout to the country's troubled domestic airlines.

Loss of government umbrella may rehabilitate JAL

Kiyoshi Watanabe bought Japan Airlines Corp. shares last year at about 100 yen ($1.10) and lost over 90 percent of his investment on speculation the former flag carrier will file for bankruptcy.

JAL may need to find outside CEO to win debt-forgiveness from...

Japan Airlines Corp. may need to find an outside chief executive officer to win debt-forgiveness from lenders and a fourth state-bailout since 2001.

Japan Airlines asks government for bailout

JAL president Haruka Nishimatsu made a request for a government bailout after meeting Japan's new transport minister. He also proposed a more drastic restructuring.

In the airline industry, failure isn’t an option, it’s a necessity

Somewhere in Washington, there's probably a bucket with some airlines' names on it.

Will cooperation within sectors or Islamic banking save the Emirates’ and...

A United Arab Emirates-based real estate expert has called on industry professionals including government agencies such as RERA to help create a coordinated package of measures to kick-start the UAE p

Travel industry says bailout rhetoric goes too far

Hotel and tourism industy officials are warning about a damaging “AIG effect” on their local businesses.

IATA: Boeing, Airbus readying airline bailout packages

The International Air Transport Association predicts 2009 will present airlines with the worst revenue crisis since the end of the Second World War. But there is a bailout on the way...

No bailout to any airline: Patel

New Delhi - Under attack from MPs for offering relief to private airlines at the "cost of common man", the Government on Thursday denied that any financial bailout package has been given to any airlin

Tourism Bureau sets up bailout for travel agencies

The Tourism Bureau announced earlier this week that it was planning to provide loans to struggling travel agencies that have been hit hard by the economic downturn.

Bitter airline rivals unite over Alitalia bailout

Six of Europe's leading airlines have written to the European Commission's transport tsar to oppose the Italian government's recent financial bailout of Alitalia, the stricken Italian airline.