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...Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association. That is 200mn more than the pre-pandemic high set in 2019....
...The management of Altice’s heavily indebted French telecoms business badly burned bondholders last month, when they carefully explained on a results call that, because modern-day debt covenants have more...
...Take for example the “J Crew blocker” that has been increasingly popular in loan covenants....
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...Carlyle has argued that several breaches of financial covenants on the loan agreement by Esken since November 2022 meant the sum should be repaid by the middle of February — more than four years ahead of...
Approach for Aloha state carrier seems timed to gain from a rally in the currency but there are factors working against that too
A tie-up with Frontier might be the cleanest way forward
Dara Khosrowshahi became entitled to award after meeting targets set before ride-hailing group’s IPO
Collapse in would-be buyer’s share price suggests the market thinks this deal will stay grounded
It would be better to look at ecommerce giant Amazon and the scale of its third-party shipping service
...Technical specialists from the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport accidents, will be poring over every inch of the door...
...Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly in the traditional transport...
...backyard of a Portland resident on Sunday night, according to Jennifer Homendy, chair of the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport...
...Is urban transport really winner-take-most? Until we see more evidence, we’ll continue to see Uber as a fast growing, moderately profitable transport company....
Delivery group returns to policy of employees being back in the office five days a week
Aircraft manufacturer has been under scrutiny after crashes involving variants of the plane in 2018 and 2019
Shares of ultra-low cost carrier fall by about half after ruling
...But, believe it or not, the bond-covenant game seems to have worked in favour of the investors this week....
Rental pioneer is fastest ever to reach a ‘unicorn’ valuation above $1bn
US carriers spell out hit to profits from ‘unacceptable’ Max 9 groundings and delivery delays
Preliminary report by NTSB finds part that detached had been removed at Washington factory
US transportation secretary Pete Buttigieg says he has spoken with chief executive following 737 Max door panel mishap
...Additional reporting by Dylan Loh A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...Along with falling sales at Tesla and BYD, the world’s two biggest sellers of battery-powered vehicles, it is a sign of trouble for the crucial shift towards green transport in the 21st century....
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