Virgin Australia asks government for $1.4 billion loan

Virgin Australia was placed in a trading halt this week. The trading halt was to announce that the airline had requested a $1.4 billion ($US843 661 000, £681,863,000, €777,315,000) loan from the Australian government. Virgin has about 6 months of reserves, but requested the loan to “bolster the airline’s ability to reinstate workers once the…

ALERT London Heathrow Airport to shut one runway

Heathrow Airport is going to shut down one of its two runways and operate take offs and landings from just one runway. With countries around the world banning travel and the British Government advising against travel outside the country, the number of flights leaving Heathrow has fallen dramatically, leading to the decision to shut down…

Emirates to resume some passenger flights

Emirates will resume operating some passenger flights next week after it suspended operations on March 25. The airline got approval from UAE authorities to begin flying a limited number of passenger flights starting April 6 and will initially only carry travelers outbound from the UAE, Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum said in…