May 19, 2021
Japan Airlines Co. is planning a yen bond sale next month, people familiar with the matter said, in what would be its first debt sale since March last year as its yield premiums fall.
The Tokyo-based carrier has hired banks for an offering of about ¥10 billion ($92 million) of five-year notes, said the people, who asked not be identified because the discussions are private. A Japan Airlines spokesperson declined to comment.
The yield premium on JAL’s 2023 bonds widened more than 50 basis points to 104 basis points in May last year as the COVID-19 pandemic put the brakes on international travel, but the spread has decreased 25 basis points since then as vaccine rollouts spark expectations of a gradual recovery in tourism, Bloomberg-compiled data show.
By Morgan Davis
11 May 2021
Cathay Pacific Airways has sold its first dollar bond in more than 20 years, battling suppressed business over the last two years to raise $650m from the long-overdue deal.
Hong Kong s flag carrying airline’s transaction came after months of preparation. Cathay initially mandated banks to lead a dollar bond sale in the latter part of 2019, but the transaction never took off. At the time, Hong Kong was in the middle of city-wide protests against
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Cathay Offers Pilots Redundancy Due to Covid Devastation
Apr 28 2021, 10:39 AM
April 28 2021, 10:10 AM
April 28 2021, 10:39 AM
(Bloomberg) Cathay Pacific Airways Ltd. is offering voluntary redundancy to staff including pilots, cabin crew and airport workers as it continues to struggle with a collapse in travel because of Covid.
(Bloomberg) Cathay Pacific Airways Ltd. is offering voluntary redundancy to staff including pilots, cabin crew and airport workers as it continues to struggle with a collapse in travel because of Covid.
The Hong Kong-based airline said operating conditions remain âincredibly challengingâ and that the decision was based on requests from some employees. It expects no discernible improvement to operations in the short to medium term. The South China Morning Post reported earlier Wednesday that Cathay had offered voluntary redundancy to pilots and cabin crew.
Hong Kong - Singapore coronavirus travel bubble could launch as early as mid-May
4 hours ago
Chief Executive Carrie Lam insisted Hongkongers would need to be vaccinated before flying
3 hours ago
4 hours ago
5 hours ago
15 Apr, 2021
15 Apr, 2021
15 Apr, 2021
A much-anticipated travel bubble between Hong Kong and Singapore could come as soon as mid-May.
The exact launch date is still considered a “moving target”, according to those familiar with the discussions. It’s the second attempt at quarantine-free travel between the two cities.
One source said authorities are working for a timeline of mid-May, but added it was still too early to disclose details.