Administrators deny South African Airways set to start flying

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FILE PHOTO: A South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS/Rogan Ward

JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.

SAA is under a form of bankruptcy protection and suspended all commercial passenger flights in late March, when the government imposed one of Africa’s strictest lockdowns.

“The position around the cessation of flights remains as is until SAA has a better sense

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British Airways owner says burning cash, quarantine plan will make it worse

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LONDON (Reuters) – British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.

FILE PHOTO: Willie Walsh Chief Executive of International Airlines Group (IAG) attends the Europe Aviation Summit in Brussels, Belgium March 3, 2020. REUTERS/Johanna Geron/File Photo

Willie Walsh told parliament’s transport committee IAG would have to review plans to resume flying in July if the government pressed ahead with plans to introduce a quarantine on most people coming

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British Airways owner IAG must restructure across the board: Walsh

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LONDON (Reuters) – The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won’t return to normal until at least 2023, its chief executive Willie Walsh said on Thursday.

FILE PHOTO: Willie Walsh Chief Executive of International Airlines Group (IAG) attends the Europe Aviation Summit in Brussels, Belgium March 3, 2020. REUTERS/Johanna Geron

British Airways has already announced job reductions of up to 12,000 so Thursday’s statement by its owner IAG (ICAG.L) has raised the prospect of further cuts at its other airlines as

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Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact – document

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FILE PHOTO: Thai Airways airplanes are parked at the tarmac of Suvarnabhumi Airport in Bangkok, Thailand March 25, 2020 REUTERS/Jorge Silva

BANGKOK (Reuters) – Thai Airways International PCL (THAI.BK) aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.

The proposed bridge loan, guaranteed by the Ministry of Finance, was approved on Wednesday by a committee chaired by Prime Minister Prayuth Chan-ocha and will be put to Cabinet for final approval as early as next week,

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