Qantas flight QF7879 lands at Sydney Airport on November 15, 2019 in Sydney, Australia. Picture: GETTY IMAGES/DAVID GRAY#J
“The spread of the coronavirus has placed the entire global economy and our company as well in an unprecedented state of emergency,” Lufthansa CEO Carsten Spohr said in a statement. “At present, no-one can foresee the consequences.” Shares in US airlines fell sharply on Wednesday after Washington proposed a rescue package of $50bn in loans, but no grants as the industry had requested, to help address the financial effect from crisis.
In a memo to staff, American Airlines rebuffed criticism that it had rewarded its shareholders with too many dividends and stock buybacks in better times, leaving it with less cash to manage the crisis. Taiwan's transport ministry said on Thursday it was inviting its airlines to submit capital requirements and financial plans with a view to giving them assistance, such as rolling over loans and providing operating funds.
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Krugersdorp-based company allegedly sold dodgy cement to consumersThe South African All Brothers Product and System Certification (SABPS) is going after a company accused of selling non-compliant cement to unsuspecting customers. TheStar_news
منبع: IOL - 🏆 46. / 51 ادامه مطلب »
Motor industry braces for slowdown after BMW SA suspends productionDecision could create a precedent for other companies, Naamsa CEO says Sad for the workers, but has to be done and not that uncommon if you look at other countries where businesses have shut for this period. Well done BMWSouthAfrica for this decisive step.
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Coronavirus: Local entertainment industry suffers great financial lossCoronavirus results in many performances and shows having to be cancelled or postponed It's not just the local entertainment industry. Globally the music industry has lost more than $8bn.
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