Boeing Co is in talks with senior administration officials and congressional leaders about short-term assistance for itself and the entire aviation sector, a person familiar with matter told Reuters.
NEW YORK: Stock markets and oil prices went into freefall on Monday (Mar 16) as interest rate cuts and fresh stimulus measures by central banks failed to dampen fears amid the global coronavirus pandemic. The US Federal Reserve on Sunday slashed borrowing costs to zero - its second emergency cut...
The global aviation industry is facing its biggest crisis in at least several decades. In Singapore, the crisis, exacerbated by the lack of a domestic market, could result in an up to 50 per cent drop in passenger traffic, says Brendan Sobie
REUTERS: Chesapeake Energy Corp , the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people familiar with the matter said on Monday. The Oklahoma City-based company, which was co ...
Britain has asked manufacturers including Ford , Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.
U.S. railroad Amtrak said the passenger rail service and its state partners need US$1 billion in government assistance after a dramatic decline in travel because of the coronavirus pandemic.
Amazon.com Inc said on Monday it would hire 100,000 warehouse and delivery workers in the United States to tackle a surge in online orders, as consumers shop heavily fearing the spread of the coronavirus outbreak.
Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
U..S. airports are seeking US$10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Several automakers on Monday said U.S. buyers of new vehicles will have the option to defer their payments and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to the spread of coronavirus.
