Airline industry will require state support if Wuhan coronavirus lasts for long time: Lufthansa

In a statement, German airline Group Lufthansa said, if the Wuhan coronavirus which has gone pandemic lasts for a long time, it would be very difficult for the airline industry to survive without state help. Lufthansa, which has slashed flight capacity, suspended its dividend and has introduced short-time working, said it was impossible to forecast…

Large U.S. airlines revise 2020 forecasts, slash costs and flights

On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…

Samsung Display working to exempt engineers from Vietnam’s 14-day quarantine program

South Korea’s Samsung Display, a supplier for Samsung Electronics and Apple Inc, has requested Vietnam to exempt 700 South Korean engineers from its mandatory quarantine requirement saying they are needed to prepare for the production of screens for new smartphones. South Korea is Vietnam’s biggest foreign investor. In an effort to contain the outbreak of…

China’s coronavirus outbreak threat to global antibiotics supply: EU Chamber of Commerce

On Tuesday, the head of a European business group in China warned that the world could face a shortage of antibiotics if the pharmaceutical industry’s supply problems posed by the outbreak of China’s coronavirus cannot soon be resolved. Joerg Wuttke, President of the EU Chamber of Commerce told a roundtable in Beijing that the synchronization…

Lessor BBAM adds 3 Boeing 737-800 freighters to service air cargo market

On Tuesday, Boeing Co stated, BBAM, a lessor, had ordered three 737-800 converted freighters to service the growing e-commerce market and the express sectors of the air cargo market. The planes, which will be converted, will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable…