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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
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.
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
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.
NEW YORK - At long last, European leaders took a significant step forward on the long road toward resolving the eurozone's debt crisis.
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.
Somewhere in Washington, there's probably a bucket with some airlines' names on it.
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
Hotel and tourism industy officials are warning about a damaging “AIG effect” on their local businesses.
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...
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.