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Airline Debt to Balloon by 28%, IATA Analysis Shows

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government …

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ACI, IATA Outline Roadmap for Aviation Industry Restart

Chennai: Port Wings News Network: Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. The aviation sector …

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Olam Cocoa Donates Food, Medical Supplies to Help Farming Communities Across Africa Fight Covid-19

Chennai: Port Wings News Network: Olam Cocoa has announced a package of support to provide personal protective equipment (PPE) and important medical supplies to cocoa farming communities tackling COVID-19 across Central and West Africa. Farming cooperatives, hospitals and health centres will receive much-needed equipment including face masks, surgical gloves, hand …

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GAC, UniGlobal Join Forces in Bangladesh

New Delhi: Port Wings News Network: GAC has signed a Global Network Agent (GNA) agreement with Dhaka-based Uni-Global Business Ltd. (UniGlobal), expanding its coverage in the Indian Subcontinent and further strengthening the global GAC network. The alliance, operated as GAC-UniGlobal, will provide a wide range of ship agency services to …

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