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Uganda tourism payments in default

Sad news emerged over the weekend when parliamentary committee investigations and inquiries revealed the ongoing default in subscription payments by Uganda for key international tourism and conservati

JAL’s credit rating cut to Selective Default by S&P

TOKYO - Standard & Poor's has cut Japan Airlines Corp.

Indian airline defaults on payments to GE

The king of good times has flown into fresh turbulence.

Indonesia airline loses half its fleet after default

JAKARTA - Indonesian budget carrier Adam Air, which has been warned about its safety standards, said on Monday that a leasing firm seized more than half its fleet after the airline defaulted on its payments.