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Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S.
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, 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
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's flagship airline, Emirates, has emerged as a potential pawn in the city state's scramble for financial stability.
Austria's government indicated on Monday that it would likely take over some of the debt of Austrian Airlines before selling it.