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Debt-ridden Kingfisher considering 2,000 job cuts

NEW DELHI, India - In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among va

British “holi-debts” reach GBP5.5 billion

LONDON, England - Vacationing Britons overspent by more than GBP5.5 billion whilst on their holidays this summer, setting themselves up for months of repayments and cost-cutting, according to new rese

Debt-ridden Mexicana files for bankruptcy protection in US and Mexico

Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S.

Morgans Hotel Group refinances mortgage debt

NEW YORK, NY - Unable to pay off it's mortgage loan due to mature in November 2010, the Morgans Hotel Group Co. refinanced its mortgage debt in full with the new loan maturing in July 2015.

Delta Air Lines CEO: Carriers must reduce debt and lower costs...

Delta Air Lines Inc. chief executive Richard Anderson said his industry is moving into an "up cycle" and that carriers must reduce debt and lower costs further to weather future slumps.

Nigerian Eagle Airlines to sell equity, reorganize debt

Nigerian Eagle Airlines, which is 49 percent owned by Virgin Atlantic Airways Ltd., plans to sell equity and reorganize its debt in a transaction worth about $450 million, said Ernst & Young LLP, whic

Continental Airlines plans $200M debt offering

HOUSTON - Continental Airlines Inc. said Monday it plans a $200 million offering of convertible senior notes due 2015.

Dubai’s debt not a crisis, merely a blip

The Dubai debt crisis is not fazing Kiwi expats who see it as an epicenter of opportunity for career and lifestyle.

Emirates: Airline’s debt is not guaranteed by Dubai

DUBAI - The debt of Emirates Airline, which has $50 billion worth of planes on order, is not guaranteed by Dubai's government, an official at the company said Thursday.

Dubai may be forced to use Emirates airline as debt collateral

Dubai's flagship airline, Emirates, has emerged as a potential pawn in the city state's scramble for financial stability.

Dubai asks for 6-month reprieve to pay its bills

DUBAI, United Arab Emirates – Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bill

Report: JAL will need $3.3 billion

A government task force working on a turnaround plan for Japan Airlines International Co. Ltd.

S&P puts Southwest Airlines on credit watch

Standard & Poor's has put Southwest Airlines Co. on credit watch with negative implications, after the carrier reported a first-quarter loss that was larger than expected.

Honduras may suspend Taca airline over $1.3M debt

TEGUCIGALPA, Honduras — Honduras said it will suspend Taca Airlines flights in the country if the company does not pay a $1.3 million debt to the government within a week.

Mokulele Airlines tries to stay in business

Mokulele Airlines could have its assets, including planes, seized by business partner Republic Airways as soon as the close of business Wednesday.

Austria looks to take on airline debt ahead of sale

Austria's government indicated on Monday that it would likely take over some of the debt of Austrian Airlines before selling it.

Dollar Thrifty Automotive Group amends credit agreements for sixty days

TULSA, OK - Dollar Thrifty Automotive Group, Inc.